Housing credit to green receipts

The acquisition of home through a housing credit is a process that requires care and attention, which finding the best financing conditions by financial entities, can make everything more accessible. When we talk about housing credit to green receipts the process may be a bit more detailed, however, it is not impossible and is more of a solution. 

For modality take into account factors such as guarantees, history and effort rate, these play an important role on this possible solution. There is a need to demonstrate to the financial institution the specific situation on the part of those who want to purchase a property, demonstrate that even green receipts it is possible to enjoy financial stability and security. 

Professional instability is not the only factor that will influence the approval or rejection of your housing credit. Since it presents a more unstable professional situation, the financing provided by the bank may be of lower value and the spread may be higher. 

Take into account three factors such as: 

#1 Stress rate 
The ideal stress rate is 35%, in this sense the bank will carry out an analysis of its income in the same year.
The intention is to understand whether the disposable income after subtracting all expenses will allow to correspond to the fulfillment of payment of the benefit at the end of the month. 
One suggestion is to use online simulators and consider what fixed expenses you can mitigate in order to increase incomes. 

#2 Guarantees
Due to the instability that it may transmit to banks, the solution is to present guarantees, such as a credible guarantor or the mortgage of a property as a double guarantee. As an entry value, present equity that allows you to go above the usual 10% of the amount of the property. 

#3 History
It is important that you have a "clean" history, this factor will give the bank a higher level of confidence. Defaults demonstrate quite the opposite, creating an insecurity when assigning a housing credit, whether in defaults on payment of the installment or current debts. 
Consider before moving forward with housing credit, it may be better to stabilize financially and after this move forward. This time-tempo may also be a chance to increase your income, as a financial institution will analyse your situation for monthly income. 

Buying home through a housing credit is possible while working independently, take into account only these three factors so important in the time of decision. 

Source: Supercasa.pt