Analyze the profitability of buying a flat for a loan and mortgage costs
A family of four to get a loan in the amount of 300,000 should show a net income of 5,500. For 30 years, it will pay 1,400 each month. A lonely person, borrowing 180 thousand in the bank, must show income at the level of 2,400, every month for 30 years will give to the bank approx. 800. You can also รีไฟแนนซ์บ้าน ธนาคารเดิม
The decision to take out a bank loan should be preceded by a thorough analysis of the household budget. All costs should be taken into account, not only those related to the launch of the loan, but also expenses related to formal and legal issues or the possible costs of renovating and finishing the flat. It is worth analyzing the loan offer of several banks. You should pay attention to the Real Annual Interest Rate, which reflects the actual cost of the loan.
High indebtedness spread over several dozen years, even at several percent interest rates, causes interest paid to the bank to constitute 70-90 percent commitment. They have to be repaid systematically along with the installment of the loan. Their amount depends on the type of installments and the loan period. Lower interest will have to be paid by choosing decreasing installments, higher for equal installments. Of course the shorter the loan period is, the lower the interest on the loan.
When comparing mortgage offers, it is worth using the indicator, which acts as a measure of the cost of credit and reflects in percentage terms the total cost of credit incurred per annum. This ratio may be 2-3 percentage points higher than the specified loan interest rate.
The maximum lending period for housing loans in banks is 30 or 35 years. The minimum mortgage amount varies from 0 to 100 thousand. You can borrow up to 30 million. Of course, it all depends on your creditworthiness. Banks require a minimum of 10-20 percent own contribution. For granting credit, banks charge a commission ranging from 0 to 5 percent. To the cost of obtaining a loan, you still have to count the property valuation fee, for inspection at the construction site before paying off each installment of the loan about 200, of course you have to pay for the next installment of the loan about 100-300.
The bank may ask you to buy life insurance or lose your job. Also bridging insurance until the property is entered into the land and mortgage register. Otherwise, the bank will raise the interest rate on the loan for this time. The bank must be provided with insurance of the property being credited. Most banks charge 1-3 percent. Commission for early repayment of the loan is in the first 3-5 years of crediting. There is no consistency in the tables of fees and commissions provided by the banks. What costs a few in one bank may cost several hundred in another. The naming and presentation of data are also different. Therefore, it is worth analyzing the tables of fees and commissions of the selected bank.