Do I need advice to buy a home?
Having a bank specialist is key to choosing the type of financing and the home that best suits the needs of the future owner.
Buying a home is one of the most important decisions a person makes throughout their lives, both personally and economically. This is a very important operation in which the advice of an expert is essential, both to choose the type of property that best suits the needs of each buyer, and when obtaining financing.
When to talk to the manager?
According to a study carried out by the Appraisal Society, half of the buyers acknowledge not having requested information from the bank during the home search process. In general, the people who first look for the house, then sign the reservation contract and, later, begin to inquire in the banking entities about the necessary financing to carry out the acquisition. This is so because they are unaware of the possibility of accessing advice from mortgage specialists and they do not know to what extent this can add value, for example, in a first stage prior to the home search phase in which a mortgage must be carried out. simulation of the mortgage payment and the type of loan recommended.
In case of finding the house in the first place, without having the advice of the bank, there is a risk that the choice does not adjust to the financial situation of the future owner and, therefore, there will be difficulties in accessing the foundership.
If, on the contrary, information is requested before choosing the home, the bank’s mortgage manager can carry out a feasibility study of the loan, taking into account the expenses of buying the home, after which it is indicated what financing can be chosen and what type of mortgage loan is best.