You probably got scared when you started researching property values, don’t you? Buying a house, apartment or even land requires a large financial investment. For this reason, many people resort to financing. The problem is that many of them do not have the documents to finance a property.
Getting a bank to approve the credit release requires a commitment from the buyer to prove business information. Otherwise, the bank understands that trading is risky and chooses not to carry it out.
So that this does not happen to you, we will explain in this article what the documents to finance a property are. Read to the end and start providing them now!
Documents to finance a property: Individual buyer
First of all, the buyer must have their personal documents (RG and CPF) in hand, so if you need to get a duplicate of your identity, do it as soon as possible.
If you are married, you will need to present your marriage certificate and your spouse’s personal documents – the same goes for couples in a stable relationship. If you are single, the birth certificate must be presented. Remember to make simple copies of these documents!
Individuals must still provide the joint certificate of debts referring to federal taxes. You can print it out on the IRS website.
Now, if you are going to use your FGTS balance to enter into real estate financing, the list of documents for financing a property grows. Look!
- Simple copy of the CLT;
- Proof of residence issued no more than 90 days;
- Simple copy of the last statement of the IR (yours and the spouse, if applicable);
- Original updated FGTS extract with date and stamped, issued by Caixa;
- Documents to finance a property: PJ buyer.
Documents to finance a property: Legal Entity buyer
If you are buying a property on behalf of your company or if you are an MEI, be aware that it is also possible to use real estate financing, but remember that the conditions may be different.
In addition to the simple copies of the personal documents of the company’s partners, the buyer will need to show some negative certificates, such as:
- FGTS Certificate of Good Standing (CRF), available on the FGTS website ;
- Original Articles of Association or Bylaws with all the latest contractual and statutory amendments;
- Federal Tax Discharge Certificate, available on the Revenue website ;
- Debt Clearance Certificate, available on the Revenue website.
Depending on the banking institution or the characteristics of the deal, the bank may require other documents.
The importance of documents to finance a property
In this article, we have chosen to show which documents the buyer will need to provide. Remember that the seller will have to provide documents for you and the property.
With that, the bank will be able to analyze if the person has legal authority to sell the property and, also, if the property can be marketed. Therefore, it is very important to have the guidance of a real estate agent to ensure security of purchase.
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