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Obtaining a mortgage can be a major step toward making the dream of owning your own home a reality. Banco do Brasil offers flexible options to make this process easier. First of all, it is crucial to understand how BB’s mortgage works. This article will guide you through the process, showing you the step-by-step procedure for applying for your mortgage.
Banco do Brasil provides financing for properties valued between R$ 20 thousand and R$ 5 million. The repayment term can extend up to 420 months, providing greater flexibility in financial planning. In addition, it is possible to use FGTS to amortize the debt, reduce the installment amount, or even cover up to 80% of the amount of each installment. These conditions make financing more accessible and adaptable to each customer’s needs.
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Documentation required to obtain financing
To start the financing process, it is essential to prepare the documentation. Therefore, three basic documents are required: personal identification, proof of income, and documents for the desired property. This step is crucial to speed up the process and avoid setbacks.
Application process
The application process for real estate financing at Banco do Brasil is simplified and can be started through the BB app, available for Android and iOS. Therefore, the average time from submitting the proposal to the release of the contract is approximately 18 days. This demonstrates BB’s efficiency and speed in meeting its customers’ financing needs.
Applying for real estate financing at Banco do Brasil is a straightforward and streamlined process. With flexible terms and the possibility of using FGTS, it becomes a viable option for many Brazilians who dream of owning their own home. Therefore, remember to prepare the necessary documentation and use the bank’s app to start your application. With this information, you are ready to take the first step toward your new home.