Sign a mortgage it is one of the most important financial decisions in the life of a citizen. Therefore, it is advisable to hire the services of professionals, such as mortgage advisers. These are a key piece when negotiating the conditions of a mortgage.
Malaga mortgage is a company of financial intermediation founded in 2005 and whose objective is to adjust to the profile of each of its clients, whether they are civil servants or individuals. Juan Francisco Montoro Segovia He is the company’s marketing director, economist, law graduate and professor of the master’s degree in entrepreneurship at the University of Granada and offers with Hipoteca Málaga a new financial proposal that has experience in the sector at an international level.
The COVID-19 crisis has caused great economic consequences in all sectors. The real estate has been affected, but remains optimistic about the movement that has always been maintained. In fact, 2021 is expected to be an even more favorable year, driven by increased demand for home ownership, bank financing and profitability. The experts at Mortgage Malaga, for his part, They have a high knowledge of the real estate sector, which translates into the good quality of the mortgages they offer to their clients.
Requirements to qualify for financing
Malaga mortgage offers financing to acquire a home for an amount of up to 80% of its appraised value. Likewise, the company’s experts recommend meeting the maximum requirements demanded by banks. The intermediaries of Hipoteca Málaga are in charge of guiding the client at the moment in which he requests the loan,
They simplify the procedures and the application process and help you get the financing you need.
What does the bank finance?
For those people who want to request a mortgage, it is important that they know that banks do not finance the entire price of the house, but that they cover up to 80% of the value of sale or appraisal. Therefore, in most cases, it is recommended to have around 20% of the value to pay the rest of the property. Likewise, if the payroll of the person requesting the loan is not enough, a joint mortgage can be requested with another owner, with the aim of exceeding the minimum amount required by the bank.
In addition, the Bank of Spain recommends not dedicating more than 35% of the applicant’s income to pay financial debts, including the mortgage payment, in order not to put the source of income at risk. In this way, the monthly payments of the mortgages that are of interest can be calculated to ensure that the limit established by the bank has not been exceeded.
Author: https://emprendedoresdehoy.com/hogar/las-claves-para-identificar-la-hipoteca-mas-favorable-segun-los-expertos-de-hipoteca-malaga-2/
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