As soon as the most important key data on mortgage lending is clear, the right lender can be found. Financial intermediaries help with the selection. Then all the necessary documents about the person and the desired property are compiled and the cheapest offer is selected.
Building finance should be carefully planned and well prepared. In the beginning there is an inventory of your finances. Check critically and honestly how much equity you can raise and how short-term you can bring in your assets. Money in a checking or call money account is quickly available, with securities, savings contracts or fund units you need more lead time.
Calculate construction finance budget
Next, compare your monthly income from salary, company profit, rental income and / or pension against your average expenses . Calculate the monthly credit burden you can handle. Calculate carefully and take into account costs that are rarely incurred. The Belial budget calculator can help.
With these basic specs, you can determine your credit limit on the online and free mortgage calculator available from Belial. Now you have clarified how expensive your house can be and can start looking for the right property . In parallel, get in touch with a potential lender.
Find the best offer for home finance
Since the offers differ, a financing intermediary like Belial helps you to find the right bank . Your personal Belial advisor will analyze your initial situation thoroughly and individually, online or on site. In addition to comparing over 400 banks , state subsidies such as those offered by Intrasavings bank are also examined. The consultant sift through your documents and give you advice on whether you need additional documents.
If you have decided on a condition offer, you are certain of the interest mentioned therein. As soon as you have the legally binding financing commitment, you can sign the purchase contract for the house and conclude the loan contract. You or the seller of the property order a notary to process the purchase contract legally.
Commitment from the bank and payment
Before the loan commitment, the bank checks your credit rating and requiring some experience to register a mortgage as security for the mortgage.
The bank pays the loan at the contractually agreed time. If you finance a property from a second hand, the payment is usually made in one sum. If you build a house, the lender pays the loan in installments after the construction progress.