The amount of the mortgage
It is important; in order to get a loan as cheaply as possible, request an amount that suits to your financial capabilities. This depends on your income (generally not get a mortgage that involves a monthly payment over 30 - 40% of what you earn), the interest rate on the timing and duration of the mortgage.
How much money do you need to buy the house?
The more money you can advance to the bank to reduce the mortgage on the price of housing is better. In any case, we have to note that financial institutions rarely lend more than 80% of the lowest value between the appraised value and purchase price of the house.
Your level of debt
The bank will see you in a better light if you buy a house that does not put you in a bind when it comes to pay. They will grant a mortgage in optimal conditions. It is, therefore, very important that when negotiating the loan terms, you do with the least debt possible.
The mortgage payment
The mortgage loans have an average duration of 20 years. You should not do your calculations based on the current situation. It is advisable that you do assuming that interest rates will rise at some point.
Values that also important to consider are your family stability, a real chance to increase your income, what increases cost can have in the future: children, family maintenance, etc.
What is your disposable income?
Calculate your disposable income. Subtract the net monthly income of your household's share, mortgage and other loans. The result is money that will be available to live every month and meet all your current expenses: electricity, gas, telephone, food, clothing, schools, etc.
In this sense, a mortgage with a fixed interest rate is recommended for people whose income is not high. The problem is that the term is usually a maximum of 15-20 years, and also not usually very competitive.
However, it should be noted that banks are increasing their mortgage offers mixed, with fixed rate for an initial period (3-5 years) and the other variable. The recommendation is clear: choose a mortgage that will allow your ability to pay as soon as possible. The fewer years of mortgage, the better.
Negotiate fees as much as possible
Usually, the two things that you will have to negotiate with the banks are fees and the cancellation fee. The first is charged only once when signing the loan, and usually assumed 0.5% and 1% of the money requested. The cancellation fee for full or partial refund will be applied every time you make a prepayment. It is usually between 0% and 0.5. Negotiate the fees with the bank as much as possible. It will save your money now and in the future.
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