When you apply for a mortgage, a thorough credit check is done by you, along with a check of lasting value. The loan will often specify the property name of the property it intends to purchase and the municipality in which it is located.
It should also indicate its monthly gross income and income in the form of, for example, child support.
Variable or fixed interest rates on mortgages
The bottom loan has the largest environment of property, and therefore can be borrowed at lower interest rates. Top loan interest rates tend to be about 2% higher.
The collateral for this loan is lower when the bank is loaned the bottom loan gets its money at an event. sale of property.
Many lenders offer mortgages of up to 95% of market value
A good tip is to leave the room in their application for any auction of the property. We do not have to spend all the money was sought salary promises.
The option to choose variable or fixed rate, or variable at the bottom of the loan and fixed at the top of the loan, or vice versa. It can often, at any time, associate variable interest rates.
Should one choose a variable or fixed interest rate on the mortgage?
If you have large margins in the economy, one should choose a floating interest rate that is the best in the long run. With a fixed interest rate, you secure the interest rate for a certain period of time. This gives a slightly higher interest rate.