INPS, benefits for those who pay the mortgage: the requirements for submitting the application

Not just the bank: to obtain mortgage relief you can also contact INPS. Here’s who can do it and what the advantages are.

Normally, credit institutions are the main financiers for those who decide to open a business mutual for the purchase of a house, land or premises. Obviously, in order for the contract to be stipulated, the bank checks in advance that the borrower can actually support the payment of the various installments.

It is therefore not difficult to imagine that not everyone can access this loan although there are some benefits aimed particularly at young buyers. A longer mortgage in terms of time, for example, lightens the burden of the installment making the commitment more affordable for everyone.

INPS, what benefits are those requesting a mortgage entitled to: advantages that should not be underestimated

As is known, interest rates have currently increased and this has meant that many Italians turn directly to INPS. In fact, previously the rates that the National Social Security Institute applied were often higher than those of the bank, while today this is no longer the case. INPS offers the possibility of obtaining financing even for thirty years for public employees under 65 years of age.

The mortgage provided by INPS is reserved for public employees or pensioners and provides that the maximum amount for the purchase or replacement of the first home, both 300,000 euros. The maximum percentage will depend on the cost of the property and can cover up to 100%. These are not the only loans for which turning to INPS can be a good idea.

Other possible benefits if you submit an application to INPS concern, for example, the property renovation, with a maximum of 150,000 euros within 40% of the property valuation. For thepurchase of a garage you can get 75,000 euros; 100,000 euros to pay the university expenses of a family member.

The time available to pay off the mortgage can range from a minimum of 10 years up to, as mentioned before, 30. If the applicant has already reached 65 years of age, the maximum limit is 15 years. What needs to be highlighted is the ability to edit2 years after taking out the mortgage, the interest rate over time. In fact, this can transform from fixed to variable and vice versa.