We must also keep our age in mind while taking home loan. Banks determine the maximum possible age at the time of loan repayment, and it is usually 70 years. Therefore, trying to get a loan for 30 years, we should not exceed 40 years of age. Obviously, from this rule we will find derogations, but they will be associated with additional security for the bank in the form of life insurance. For the การรีไฟแนนซ์ also you can have.
Mortgage loan: additional bank offers
Banks offering the cheapest mortgage loans are increasingly using the so-called cross-selling or tied sales. Financial institutions propose promotional terms for granting a loan in exchange for using other bank products, such as opening a savings and billing account, debit or credit card, or buying insurance. Is it worth taking advantage of such offers?
Usually the promotions at first glance look very tempting, the margin is definitely lower or the bank does not charge any commission on granting the loan. However, it is necessary to accurately convert the profitability of such an offer. For example, if a bank requires us to run an account that is free of charge with monthly funds, the offer is definitely beneficial to us because we do not incur additional costs.
For other additional products, check whether we pay more than the benefits of a reduced interest rate or no commission. When deciding on insurance, it is worth making sure that after some time you can give up without consequences. Sometimes the total amount of insurance is less than the cost that we would have to bear by choosing a standard bank offer, and then we only have to repay the loan on more favorable terms.
The cheapest or the best mortgage
The bank may charge a commission for granting the loan. An offer without commission is often addressed to customers who already have an account in a given bank or the borrower is obliged to buy additional products, such as insurance, instead. It is worth analyzing these types of offers, as they may be more beneficial to us than paying a one-off commission.
Apartment for the Young
When buying your first “M”, it is worth getting acquainted with the regulations of the program, under which you can obtain financing from your own contribution. The conditions that must be met are quite restrictive, but in some cases we can count on a fairly high surcharge for own contribution.
What conditions must be met to apply for the mortgage payment?
1st age up to 35 years, the criterion must be met by at least one spouse, in case of families with at least three children, the age of the applicant is not taken into account. The maximum area of residential premises cannot exceed 75m2, while single-family home 100m2, for families with at least three children, these limits increase by 10m2. The price per square meter of a flat cannot be higher than the rate specified for a given location. Not have any real estate this criterion also does not apply to large families. You must have adequate creditworthiness.
Once we meet all the criteria, we can apply for funding. 10% when we buy a flat by ourselves, or we are a married couple without children, 15% for couples and marriages raising one child. 20% for persons and marriages with two children and 30% for persons and marriages with at least three children.