As we all know, the loan for a flat is the dream of many young people, often, unfortunately, unattainable whether due to too low earnings, whether due to a lack of employment contract, or because of combination of these and other factors, resulting in unsatisfactory scoring results and poor creditworthiness. In recent years, the Apartment for Young People supported by the state was a very popular program. Conditions, under which this funding was granted, provided for assistance in repayment of installments, which for many citizens just entering the adult life had a chance to own “M”. For house loans and จัดไฟแนนซ์รถยนต์ also you will have the best deal.
Unfortunately, 2018 was the last year in which you could count on this type of support. The government has announced the replacement of the Apartment for the Young with another program, which is not so much a subsidy to the borrowed loan but rather a low-cost housing subsidized by the state.
Where to start? Calculate the mortgage installment
When in the field of our interest there is a loan for an apartment, we immediately start to wonder what exactly we can afford. Will it be a set-up studio, nice two rooms with a separate kitchen, or maybe a spacious M3 with a terrace and a dressing room? Others dream about their own home, whether from the primary or secondary market, or built from scratch, in accordance with the dream project. Then, we quickly enter in the search engine the slogan calculate the mortgage loan installment and we learn that our options are very different depending on which bank we choose, what our own contribution will be, whether we choose decreasing or permanent installments, whether we decide to open an account and transfer our salary there or to take a credit card, and so on, and so on. If at the beginning of the road for a loan for an apartment you are frightened by the amount of formalities, matters that have to be dealt with, the choices you need to make and the offices you need to visit calm, it’s not as scary as it might seem. The first step should be to arm yourself with an experienced, specific adviser who will help you organize all your knowledge and efficiently guide you through the thicket of offers, promotions, rules and regulations. And one of his first steps will be the calculation of creditworthiness and an indication in which banks for the loan for an apartment will apply the most.
The amount of own contribution: Where to get money for own contribution?
First of all, do we have money for our own contribution? And if not, how can I get funds for my own contribution? And most importantly: what is the amount of your own contribution at all? The minimum statutory amount of own contribution is 10% of the value of the property and most banks accept this amount. However, there are banks especially those in which mortgage offers are attractive, i.e. primarily with low interest rates and commissions which require 15% or even 20% of own contribution.