The most common way to acquire and finance a property is through a home loan, since you have the option of being able to pay it for several years.
In order to meet the requirements of this investment that is not low or that cannot be done and thought from one day to the next, It is important to take into account the study that companies do and the demands. Here you can meet them.
When studying a housing loan, you must take into account the ability to pay that you may have, job stability and, therefore, economic.
On the other hand, you should think about whether Are you prepared to assume an economic responsibility that will take around 10 or more years?
If you have or have collected the necessary money to pay the initial installment of the property, if you have found a good option for your new home or to invest and if you can apply for a mortgage loan or not.
Funds for employees, cooperatives and state companies have competitive interest rates and offer other benefits for people who want to have their own home.
Entities must ensure that you are not a risky customer and that, therefore, you are in a position to return all the money you are requesting, so they evaluate your income level, job seniority, credit historyamong others.
Depending on the type of home you want to buy, you must have a certain amount of money. For example, in the case of VIS Social Interest Housing, 80 percent of the cost is financed and it has a maximum cost of 135 legal minimum wages current newspapers.
For homes that are not of Social Interest or not VIS, financing covers 70 percent of the cost of this, which may be greater than 135 legal daily minimum wages in force.
The requirements are met
To do the credit study you must have:
Income statement of the last year
Proof of pension payment and seniority at work
ID photocopy
Employment continuity letter
financial statements
Have a down payment of 20 to 30 percent of the value of the home
The reasons why you may be denied a mortgage are that you do not have insufficient savings and your revenue management is not enough.
You may also have too much debt, a bad credit history, lack of job stability, or have many credit cards and are behind on your payments.
The approval of a mortgage loan can take between 45 and 60 days and may vary depending on the duration of the legal process, in which the required documents such as appraisals, title studies and the credit legalization process such as the signing of deeds are reviewed.
You can also search among the banks for the lowest interest rate for housing, you can compare the banks that lend more and charge less mortgage interest rate.
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2023-07-07 13:49:08
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