The decision to buy a new apartment is easy to make, it is worse with its implementation. And not because we don't want or don't have time to do it. We simply do not have enough money in the world. So let's ask ourselves a prosaic question - where do we get the money from?
It would be perfect if our distant relative, who wants to prescribe our inheritance with great pleasure, had found her. Unfortunately, such an eventuality happens very rarely, so we have to look for a solution somewhere closer to the ground.
Stress-free - free of charge
The ideal solution and the most preferred form of financing a new apartment is to use your savings. It is known that collecting such a sum does not take a year, we ourselves know how expensive flats are now. Nevertheless, the game is worth the candle. If only our work (ours and preferably our partner) allows us to put aside a considerable amount of money, so that in the near future we can buy our own M. it is worth to tighten our teeth and belts.
What does it give us? First of all, independence. We do not bind ourselves to a bank for years, we do not give up more than we have borrowed and we do not have to think about it every month to pay the installment for the next month. And we're skipped by a whole lot of documents that have to be signed when agreeing on the details of the loan.
This is the preferred course of action, but few people can boast of such luxury. In that case, what awaits them?
Credit is not a crime
Fortunately, we are moving away from thinking that I will not take credit, because that will mean that I am a loser. Nowadays, this form of financing larger purchases is something natural. Nevertheless, it is worth to prepare well for it, get to know all pros and cons and be sure that we have chosen the best option.
Before you start collecting documents, which are more than in the case of cash loans, compare credit offers in the financial comparison engine. This will allow you to quickly and efficiently check most of the offers available on the market. In addition, you will be able to familiarize yourself with all the pros and cons - comparison engines are not meant to praise a product, so we can be sure that the information there is objective.
Getting acquainted with the offer in the comparison engine gives us the opportunity to submit an application via the Internet. Only after sending it a consultant from the bank will contact us, and we will be able to go to the facility to complete the formalities. What?
First of all, we must demonstrate our creditworthiness - the bank will check our earnings, ask for the employment contract, additionally ask/check our other financial obligations (alimony, other credit) and check the size of the household and dependants. In addition, we must remember that it will not get money just like that. We must have cash for our own contribution, which from 2017 will amount to 20% of the property price. Fortunately, most banks still offer 10% of their own contribution, but in this case we have to take out an insured loan.