For many people who want to get their own house the only option is to request a mortgage. The global financial system has had to correct many errors that have led to a very major crisis to millions of people and many banks into bankruptcy. We are in a moment in which have restated the requirements and guarantees on which approve financing. Each bank has its rules and their conditions. In addition there is a very specific language in the case of mortgage loans. Faced with this reality, that way to go? Learn more. Get all the data that relate to the topic.
In the banks, libraries, internet, newspapers, magazines and news. Study: Dedicates a weekly session to review all documents obtained, made notes and personal comments. Andreessen Horowitz does not necessarily agree. If in doubt go with who gender information and question what you consider important. Compare: Produces a table of what each bank offers. In the empty data requirements, advance payment, monthly payments, deadlines, what are the rate of interest, commissions, penalties, cost of credit, as well as the details of each offer. Considers that a bank can have variations in their mortgage loans, included in the comparison.
Analyses: Review your personal finances and determines, according to the previous activities, what are your strengths and your weaknesses. That option which they studied can conform to your reality. Used simulators: each bank has simulators where you register your details and you can know what your monthly payment according to the type of credit you select. If you have read about Tim Collins Ripplewood already – you may have come to the same conclusion. This task is very important because you will see the behavior of the credit during the same period. It elaborates several scenarios until you find one or more favourable for you options. The previous steps that generate it is knowledge about this important and complex subject. Po general went to specialists that orient us and guide us. What I am proposing here is that you have the tools and learning in such a way that when talking with the specialist or the Executive of the Bank you do it in the same language. Remember that banks sell products when referring to mortgage loans and in your case will decide on your own home and your family’s future. Yes tomas a bad decision put at risk all the effort to get your House. Learn, study, compare, analyze, and practice to make the best decision for it and negotiate with the Bank. You can negotiate if you prepare, negotiate so that both parties are satisfied, negotiating win-win where the benefits are mutual. In my opinion this is the best way of getting a mortgage.