Credit for the only housing
At present, and due to the real estate inflation that is taking place on the financial market, the only way of gaining access to the sleep of the proper house is by means of a credit for housing.
In this case we can say that a credit for housing enjoys benefits that we will not be able to find in any other type of credits. If we have in our plans to request some credit for housing, it is important that we bear in mind that there exist two means for which we can obtain it and both possess advantages and applicable disadvantages in his financial ambience. On the one hand we can obtain a credit for housing across a financial company, and in this case we must consider all the factors that should surround the same one. The financial companies usually grant we are big enough for housing that only they cover the entire value of the same one in 70 % therefore logically 30 % remaining, will have to be full of our pocket.
A small recommendation that we can do to him so that it applies in these cases is that it must never contract another credit for housing that 30 % remaining finances since we would be exhibiting this way to ourselves to contract a very big debt and it would be made difficult to us in a considerable measurement to be able to expire with both financial obligations.  The financial companies lenders usually impose like credit guarantee for housing, the proper building, what means that in case there takes place the non-payment of several consecutive quotas, the company straight will proceed with the auction of the housing, for it it is very important that, before requesting a credit for housing, there is realized a planning of payments carried out by his financial adviser.
To have a layabout it designs of how the financiers work with regard to the credits for housing, we can say that the period are extensible and can go from 10 to 20 years, depending on the value of the house and of the given quantity of money and the rates of annual interest they are usually about 3 % and 5 %. Also, the securing of a credit for housing in a financial company that devotes itself to the mortgage loans, takes as an extra benefit that if there takes a correct punctuality with regard the payment of the monthly quotas, often, the same company offers refinancings of the credit for housing granted, in order to reduce the interests in the mortgage and to be able to facilitate the payment means to the client and this way, the entire value of the credit for housing acquired would diminish significantly.
Credit for housing of bank type
 On the other hand also we have the possibility of gaining access on a credit for housing by means of a bank that I could or not to be mortgage. Most of the existing banks, it takes as a specialty to grant these types of credits, and in this case we must emphasize that the obtained benefits are even major than in the financial institutions. The logical explanation for this, the fact is that the financial companies are supported completely by means of the loans and credits for housing and of other types also, on the other hand the banks, simply they offer the credits for housings like an additional service.
In this case, as the financial institutions, the period to be paid granted by a bank are usually extensible up to 25 years, like maximum ceiling, and the interests, in case the credit for housing possesses them, they are 1 %. We say “in case it should possess” because there are great the banking institutions that grant credits for housing without interests, especially when the interested party talks each other of a client of the same bank.
That's why it is always going to be more suitable to resort to one of these banking institutions since as we said previously, they possess many other benefits than the credits granted by the financiers. Also the banks as the companies lenders, grant “awards“ to those clients who pay in rule the quotas of him credit for housing; in this case, the awards are based on the reduction of the interest, the postponement of cancellation and on many opportunities, especially when 90 % of the credit has already been cancelled for housing, the bank grants to the client the benefit of the entire cancellation of the mortgage.
Finally it turns out to be fundamental to emphasize that a credit for housing granted by a banking institution, covers 100 % of the whole of the value of the building, in contrast to the financial companies that only limit themselves to 70 % or to 80 %. |
