Prepare To Negotiate Your Mortgage

For many people who want to get their own home the only option is to apply for a mortgage.

The global financial system has had to correct many errors that have led to a major crisis for millions of people and many banks to bankruptcy.

This is a time in which they have staked out the requirements and guarantees which are approved financing.

Each bank has its rules and conditions. There is also a very specific language in the case of mortgage loans.



Given this reality, what way forward?

Find out. Get all the data that relate to the subject. At banks, bookstores, online, newspapers, magazines and news.

Study: Spend a weekly meeting to review all the documents obtained, prepared notes and personal comments. If you have questions go to generate the information and ask what you consider important.

Compare: Make a picture of what each bank. In the empty data about the requirements, the down payment, monthly payments, terms, interest rate, fees, penalties, cost of credit, as well as details of each offer.

Considers that a bank may have variations in their mortgages, include them in the comparison.

Discuss: Review your personal finances and determines, in accordance with the above activities, what are your strengths and weaknesses. That option classmates and can be adjusted to reality.

Use the simulator: Each bank has simulators where you can register your details and find out what your monthly payment will be according to the type of loan you choose. This task is very important because you will see the behavior of credit during the term thereof. Make various settings until you find one or more favorable options for you.

The above steps generate what IT is knowledge about this important and complex issue.

Po usually we go to "specialists" to guide us and guide us. What I am proposing here is that you have the tools and training so that when you talk to the specialist or the executive of the bank do it in the same language.

Remember that banks sell "products" when referring to mortgages and in your case will decide on your own house and your family's future. If you make a bad decision put at risk every effort to get home.

Notified, study, compare, analyze and practice to make the best decision for you and negotiate with the bank.

You can negotiate if you have the preparation, negotiation for both parties are satisfied, win-win negotiation where the benefits are mutual.

In my opinion this is the best way to get a mortgage.

Until next time,

José Luis, YOUR ARCHITECT ONLINE

http://consiguetucasapropia.com/blog/