Resumen

This research was carried out with the objective of identifying which credit modality, the mortgage or the leasing, is the most convenient for the inhabitants of the city of Ibagué who live in rented housing units, and who want to replace it with an investment in real estate through the government programs known as VIS (Social Interest Housing Scheme) and VIPA (Social Interest Housing Scheme for savers). A segmentation of the population of the city was made, people who belong to socioeconomic strata 2 and 3 and who have a monthly income were chosen. After this, it was consulted in the banking entities Davivienda, BBVA, Bancolombia, Banco de Bogotá about the requirements for each type of credit and the interest rates that were applied during the period 2010-2015. The real estate companies affiliated with Fedelonjas in Ibagué were also consulted about the cost of renting houses belonging to the same socioeconomic strata, during the same period. At the end of the data collection, amortization tables and annuities were drawn up to compare the results obtained, where it was found that the housing leasing modality is the most beneficial for Ibaguereños belonging to socioeconomic strata 2 and 3 if they wished to replace the rental instalment with an investment in their own home.