Assesses the possible difference between the appraised value and the price of the property to look for a mortgage, since banks are not used to finance more than 80% of housing pricing, unless additional guarantees, contributions as an endorsement. Keep in mind that banks do not use the same appraiser and some priced higher than others. If an appraisal is not what you expect, don’t hesitate to ask another with another appraiser or financial institution. 6. The mortgage with less Apr isn’t always the cheapest the APR is not always indicative of the cheapest mortgage. Please bear in mind other aspects since, for example, can that interests you more a mortgage loan with a low monthly fee or to offer you greater flexibility. 7 Products linked to a low differential mortgage can be synonymous with many products linked to the mortgage.
She asked well what and how much you must pay for products linked as insurance of life or unemployment, pension plans or credit cards. They can be much expensive price of the mortgage. 8. Beware the interest floor much attention with the soil of mortgage interest. Many mortgage loans are promoted with differential low that really seem to be very attractive, but then applied a so-called minimum interest rate interest floor – below which it will not benefit from a Euribor low, as the current (1.28%). Also make sure that the mortgage has no financial derivatives such as Swaps, Clips or Caps, which in recent years have caused many problems to users. They are known as the unfair terms of mortgages.
9 Well negotiated commissions commissions can be negotiated with the Bank; negotiate them well from the beginning to avoid unpleasant surprises later. Two of these commissions are especially important if in the future you want to change banks to improve the conditions of the mortgage: the Commission of subrogation and cancellation. And remember that it is important to access the mortgage with the right foot, but also out of it. 10 Negotiates the flexibility of the mortgage a mortgage with qualifying periods allows you, for example, cope for a while to situations of less stability.The best cheap mortgages. In a mortgage, depending on your needs, you can access both to the beginning flexibility options of the loan during the life of the mortgage.