Accessing a mortgage loan is something that has gained popularity among young people, which became one of the most numerous groups to access this type of credit to fulfill their own home’s dream.
But will there be any difference between buying an apartment when you are young than ten or fifteen years later? The answer is yes.
To make an appropriate decision and make sure you get the most out of this credit, these are three tips you can take into account:
Do not buy such a large apartment
At this stage you may not need an apartment of many square meters, so you can look for something smaller and later, look for a new property. This will allow you to get out of your debt in a few years and enjoy your purchase. In addition, in a few years, when your employment situation is even better than now, you will represent a lower risk for the bank, so the rates they will grant you will be lower and you can even pay it in a shorter time.
Look for facilities in financial institutions
Additionally, some banks offer you more financing and other benefits if you opt for a project that has been financed by them or if you have a salary account in that entity.
Finally, it is recommended that you evaluate the option to buy in plans, as it represents a considerable saving. If you do not have an urgency to move, you can opt for this and you will be able to access your department once the project is finished, having the possibility of deciding some of the details.