2 BHK Apartment in Surat

Recommendations before you take a mortgage credit.

Ronald, is afflicted, has just lost his house on a court auction. What happened? I simply did not pay to the Bank the monthly installments that I had to pay when I acquired a mortgage loan.

Obviously, nobody wants to be in Ronald's shoes. Here are ten recommendations so that this tragedy does not happen to you.

Plan your monthly budget: First, we must take into account that applying for a mortgage is a  long-term responsibility, it is important, therefore, to plan the family budget in order to measure our economic capacity, not only in The present but also in the future.

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One criterion, although not the only one, to determine the amount of your monthly quota is that of 100% of your monthly income, 30% goes to the quota.

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That is, you must calculate your monthly budget with the remaining 70%. If you manage to pay your family expenses with this percentage, you are ready for the second step.