Mortgage Loans in Ecuador

Mortgage Loans in EcuadorAlthough the pre-qualification of mortgage loans will begin on March 28 as scheduled, other processes related to these loans are somewhat delayed in the Social Security Institute (IESS). For example, the actual delivery of the loans would begin late April or early May. This, said the director general of the IESS, Hector Eguez, is that the two companies tendered their services to support Social Security in the generation of mortgages and appraisals have called this period to begin their work. The Committee on Award of IESS next week to elect one of the two entities that submitted bids on Tuesday. Mutual Gauteng and Tata Consultancy Services were the two concerned, a total of 19 acquired the bases. The economic proposal presented this evening by the Mutual Pichincha is $ 6’228 .697 per year to service and requires a minimum of 9,000 annual operations and three years of operation. Meanwhile, Tata Consultancy Services, was quoted at $ 5’650 service requires .000 and grant you 5,000 operations annually.

The opening of bids took place in the conference room IESS Audit and Award Committee was composed of a delegate of the Director General of Security, the Technical Committee on Investment, Risk Investment, investment directions, the area Institutional Development of the Agency, among other departments. On the other hand, is expected to begin tomorrow to run a computer simulation in the ISSE website (www.iess.gov.ec) to allow the members to consult on amounts, salaries, months, and rates with respect to the mortgage. However, the simulator must wait between 10 and 15 days, said the director of the IESS. Tomorrow will see a table set that will in some way to absolve some doubts of the members. The IESS Board announced this week that will consider increasing the maximum amount of mortgage loans to $ 60,000. However, it is necessary to alter a decision 194 that determines that amount at $ 50,000. Additionally, ISSE prepare regulations to give loans for housing improvements and construction on land owned by members with access so that retirees and higher income low.

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