This model is used when the values are outside the characteristics and limits exposed in SFH, and the difference is that interest can reach more than 12% per year.
The good thing about financing directly with construction companies is the flexibility in values and interest, but the risks are higher and you should be aware. Remembering that when you finance a property, it is not yours yet, it belongs to the financier (be it a bank or construction company) and, as a result, the property is mortgaged. Therefore, if the institution goes bankrupt, your property may be lost.
If you can, consult with a real estate attorney to check the items contained in your contract before signing it, and be sure to consider whether real estate financing is, in fact, the best option for purchasing a property.
Enjoy now that you have discovered practical tips for buying a property and post this article on your social networks. In case of the Development exit finance this is very important now.
How to make your money work for you?
Learning how to invest your money better and making good investment decisions, according to your personal planning, is the only way to make your money work for you and to achieve all your financial goals, such as buying a property.
- If you are thinking of buying a property, you may have wondered: what is the best way to financially plan me to make this purchase? Certainly, one of your first options will be to resort to housing loans.
- In recent years, real estate financing has become one of the main ways for home ownership and this procedure still raises many doubts. Therefore, today we will know five important tips that should be taken into consideration when financing.
The purpose of this post is not to talk about which is the best financial agent or what are the best interest rates, because it will depend a lot on the profile of each buyer: income, percentage to be financed and value of the property.
The following tips can be used by you when choosing the most secure financing that fits your expectations.
Planning is the keyword
First, look for a property that is compatible with your income. Sometimes, at the time of excitement we are unable to measure the real benefits and counterparts of a mortgage. Therefore, plan well before closing a contract.
Today, there are already several financial agents that perform this type of service and work with varying interest rates. Search across different institutions and identify the one that best suits your needs and the profile of the property you want.
- Compare financing conditions, interest rates, terms, approval time, among other factors. Do not act on impulse.
Credit lines differ according to the value of the property, the number of installments, the amount of the entry, among other factors. So, be clear about what kind of business you are looking for and how your budget is.