You have decided to buy a new house, but realized that you do not have the necessary money. In this case, the most used method is housing loans offered by banks. Housing loans are generally given according to some conditions.
Home loan, what you should take into consideration?
We have listed 8 things to consider and steps that should not be skipped before you get a home loan. Considering these, we recommend that you take out a mortgage loan.
Check Your Credit Rating
This should be the first step that those who consider buying housing using this loan pay attention to. Because a bad credit score results in a negative result of the housing loan and must be checked before applying for the loan. Having a good credit score would be positive. Despite your high income, a bad credit score can unfortunately also be a problem for you in housing loans.
Check and Check the Down Payment You Can Give
After checking your credit score, calculate your down payment. Because banks give only 80% of the appraisal value of the house you will buy as a loan. In fact, this can drop to 70 percent in some banks. The remaining 20% is required to be sent as a down payment. However, as an alternative, banks; it can also go to allocate consumer loans for the part related to the down payment.
Compare Credit Interest Rates by Banks
When taking a mortgage loan, you should consider the interest rates of the banks and the expenses to be deducted. Comparison sites in this regard will show you the roadmap. Find the most suitable bank by comparing the interest rates and total repayments of all banks. Also pay attention to the pitfalls established on interest rates and in general your criterion should be on the total amount of repayment . Comparing the mortgage loan offers of banks only at interest rates can make you mistake.
Choose the House You Will Buy Well
Do not think that I like every house you see. The situation you feel does not mean that the house is good. Check many homes before saying yes. If a house is really beautiful, there will be no flaws anyway. In addition, you should take care that the value of the house you will buy is balanced with your current economic data and income. If your budget is not enough to buy the house you have dreamed of, you can buy a more affordable house, sell it after finishing the debt and get a new home loan on it. You can use a nev like your first home as a step.
Always Have Control
Before buying a house, you should be in a detailed research about the building and the house. First of all, it is useful to take all the documents related to the home and show them to the specialist. Are earthquake tests done? Are there any problems with the deed? We do not recommend buying a dwelling without answering these questions.
Make Sure Your Home Sales Value Is Right
For deed transactions, you must declare the property at the value you will receive. Since the title deed payment is based on the declared sales price, you will pay a lower deed fee if you declare a low price during the deed process. However, it will be profitable to show this low, but when you take out a loan, do not forget that this will affect the amount of loan you can withdraw due to the housing loan financing rate and we recommend you to pay attention to this issue.
Stay in constant contact with the company from which you bought the house
If you bought the house, keep in touch with that person. If you make a home call from a new project in time, you can get information about how the project is going.
Remember to Check Legal Permissions
Housing of servitude, the settlement’s, so you get the information that you have been received permission to use the building housing the family home must have been absolute OF THE spouses consent. In case it is not received, even if the title deed is transferred in the deed cancellation case to be opened in the future, it is even a case that the deed cancellation is faced.