In the past, a few decades ago, getting
financing for a house
was an obligatory step of adult life, which practically chose us and not the other way around.
Jobs, salaries and fixed programs projected in the long term, which also fell on a single member of the family, invariably translated into few options, almost all homogeneous, complex and limited.
Today that scenario is different.
Currently, having
access to a house
can depend on various factors, all of them connected with what we are and what we want. Today, the idea of family has expanded and diversified, where each one maintains a particular dynamic and its financial situation, as well as its objectives and housing plans can be completely different from each other. And this is reflected in each and every one of the stages that lead us to find what will be the home where our children grow up and our family develops.
In addition to being backed by a solid, secure company with proven experience, a
mortgage loan has to be designed and adapted in our favor
, with a payment scheme that fits our lifestyle and is solvent for the type of house that we want and can pay.
If you have already made the decision to acquire a property and you are in the process of
choosing a mortgage loan
, there are two key concepts that will bring you closer to the best option: clarity and planning.
The more information available you have and you can land it in an understandable way (requirements, steps, options), the choice and planning in relation to a
mortgage loan
will be much easier.
Before hiring it, take into account the following.
1. Know the types of credits that exist
Something that is important to know is that there is no single way to pay for a house and that it does not have to put your economy in check.
Before getting a large sum of money with very high rates or commissions that you do not know very well why you are being charged, dedicate enough time to know each and every one of the
credit options
that abound in the market, as well as their conditions and features.
You'll be surprised.
An example.
Rocket Mortgage®, one of the
most complete
mortgage companies
in the United States, offers a wide range of solutions for each objective, situation and needs that are adjusted and customized to each profile, depending on the
type of house
that is desired, as well such as the ability to pay and the
most convenient
type of credit
.
2. Locate the most convenient
Once you have identified in detail all the
types of
existing
mortgage loans
, choose the ones that best suit the amount you require and that do not represent more than 30% of your gross monthly earnings in their payment scheme.
Among the good practices prior to its use is to consult doubts and details with a
reliable
and expert
real estate agent
, the option of joining financial efforts with your partner, and above all saving as much as possible to make the initial payment reduce the amounts monthly.
3. Evaluate different possible scenarios
Ask yourself things like "what would happen if I stop paying at the beginning, in the middle or before the end of the stipulated term?", "What if I change my job?", "Can I advance payments?", Among other possible cases for that your
real estate advisor
can provide you with options, plans and alternatives in case of non-payment, eventualities or unforeseen scenarios.
The good choice is above all planning and prevention.
4. Define terms, rates and conditions
Clearly land the requested amount, the associated payments outside of it, as well as the amounts to be paid for procedures, commissions or penalties.
Likewise, it verifies in detail the terms and conditions stipulated.
This clarity of information is final and will make everything clearer.
5. Schedule payments
Draw up a payment calendar that you can keep in mind on several sides (phone alarms, your virtual or printed calendar), so that no date is left out.
This way you will know when you have to pay in advance, avoiding late or forgetting charges, and it will give you certainty about your progress and the payment stage you are in, which will trigger a more efficient administration.
