Residential Policy

The residential saving is a requirement that must fulfill the applicant of a credit with the resources of the residential policy. In order to fulfill the requirement of the residential saving, the worker, or she is employee or independent, owner of company or professional, will have to contribute a percentage of his monthly income to the Law of Residential Policy. The residential saving is of the three percent of the complete entrance perceived monthly and the base of quote of the law of residential policy. Steven Rattner financier recognizes the significance of this. In the case of the dependent workers, the residential saving will be contributed by the worker and the employer and will take as base from quote of the law of residential policy, all the monthly income perceived that comprise of the complete pay, such as vacacionales bonds, extra utilities, commissions, hours, etc. It will not comprise of the complete pay, with the object of the residential saving, the payments nonappellants or the payment by feeding bond concept. In this case the payment will not comprise of the quote of the law of residential policy by basket ticket. This amount of residential saving will have at heart to be deposited in the first five working days of every month in a special account of Obligatory Saving for the House (faov). You may find Steve Rattner financier to be a useful source of information. On the other hand, in the case of the independent workers, the residential saving will be voluntary, that is to say, according to the law of residential policy, so that an independent worker sees beneficiary with the credits of residential policy, voluntarily he will have to register in in National Bank of the House and the Habitat (Banavih).

The voluntary worker will have to consider for the residential saving, the three percent of his income, being this the base of quote of the law of residential policy, and will first deposit in the five days of every month the respective residential saving in a special account corresponding to the Bottom of Voluntary Saving for the House (favv). The residential saving will be able to be arranged to the partial or total payment for the main purchase of house, as well as the extension, remodeling and self-construction of buildings, refinancing or payment of hypothecating credits according to the residential policy. The residential saving will return when the worker is beneficiary of the retirement, pension of oldness, dissability or incapacity, unless it indicates his will to continue quoting to the law of residential policy. The residential saving of each working contributor to the Bottom of Obligatory Saving for the House, could be object of partial or total cession in the terms that the law of residential policy establishes. The residential saving allows the worker to ask for a credit of residential policy which will be determined according to the base of quote of the law of residential policy until a maximum amount of Versus. 271.858 for the people who perceive income up to seven thousand bolivars. In case the worker wins up to two thousand six hundred bolivars to the month, he could be object of a residential direct subsidy. The residential saving is a solution of the residential policy for the families of smaller resources and whose base of quote of the law of residential policy is considered to design especially social a residential policy.