The purchase of a financed property must comply with a set of steps, which, if respected, can cancel unforeseen events a\nd losses during the entire process.
Based on these considerations, Lopes’ blog prepared four tips to facilitate your journey towards home ownership.
The purchase of a financed property must comply with a set of steps, which, if respected, can cancel unforeseen events and losses during the entire process.
Find out about your credit limit before searching for the property , and it is important to speed up the business and get a real sense of the total amount that you have the possibility to finance, look at banking institutions for information on letters of credit, which are pre-approved financing.
These letters of credit are valid and vary between 4 to 6 months depending on the banking institution.
The best way to avoid overpaying interest rates during the course of financing is to visit all possible banking institutions in your city in search of simulations and information on interest rates charged for real estate financing.
Talk to managers and try to negotiate these fees. Generally, they can be reduced if you choose to transfer your salary receipts and financial transactions to the bank, which can make financing at one institution more attractive than at another.
If you have FGTS (Guarantee Fund for Time of Service), the use of the amount recorded in this fund is of great help, as it can serve both as an entry, as well as to amortize the outstanding balance.
SAC or PRICE?
In terms of the total amount to be paid until the end of the financing by the bank, the SAC modality becomes more attractive, since the amortized amount of the total debt in the payment of the monthly installment is much higher than in the PRICE option.
The SAC modality starts with a larger portion than in PRICE, however the portions are decreasing in the SAC table and fixed in the PRICE table.
Check out more tips on the Lopes Blog!
The Lopes Group is considered the largest real estate consultancy company in Brazil. He has already been responsible for the intermediation of more than 900 thousand units of real estate, has approximately 15 thousand associated brokers and is present in 9 states in Brazil.