Mortgage Letters | B3

Mortgage Letters

  • Instrument backed by real estate receivables.

    Issued by financial institutions operating in the concession of loans funded by the SFH (Housing Financial System) and mortgages companies, such as saving and loan associations, multiple banks with real estate credit portfolio, mortgage companies and real estate credit societies. LH is ensured by the deposit of mortgage credits, and it may also deal with additional personal sureties from a financial institution. The bond’s term can last from 180 days to 60 months, with adjustments from the TR, IGP-M, IGP-DI and INPC variations. It adds to the activation and growth of the real estate sector.

    One of the advantages to the individual investor is the Income Tax exemption.