5 FINANCIAL TIPS TO BUY HOUSING IN COUPLES
The main advantage of buying a couple’s home is that it allows the income of the two people to be taken into account when applying for the mortgage loan.
FULFILL THE DREAM OF HAVING OWN HOUSE
1. Determine how much money you have for the initial fee — this is equivalent to 30 percent of the value of the property — adding the individual savings, severance payments, among others.
2. If you are going to use financing, prefer mortgage loans and / or housing leasing contracts, as they are specialized products that offer the best interest rates and terms. It is not advisable to buy housing or pay the initial fee with revolving or free investment credits.
3. Avoid borrowing to pay the down payment, it is better to develop a savings plan and follow it to the letter. Also remember that the more debts your borrowing capacity decreases.
4. Check the flow of money entering the home and make sure you have enough to take on the monthly mortgage loan fee.
5. They cannot ignore that in addition to canceling the initial fee, it is also required to have extra money for the costs of closing the business (deed and registration) and installation in the new home.
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