When you are planning to buy a house, there are (at least) 1001 things to take into account. That's why there are quite a few things that you overlook - because you simply don't know them! That is why we spoke to some home loan experts: they were happy to tell us the most important things that you certainly should not forget when that exciting journey to your own spot starts! 1 Dare to play different banks against each other And this is an important first step immediately! Because despite the fact that there are few banks that will literally recommend this to you, you should know that you definitely have to do this to get the most out of that interest rate risk. Do you actually want to borrow from your own bank, but do you get a cheaper rate from the competitor? Do not hesitate to go to your personal bank with this quote: chances are that they will make an effort and still go under it, so that they can keep track of you as a customer! 2 Be sure to also discover this Guaranteed Living insurance! After all, the government offers this handy insurance policy free of charge and for anyone who meets all the conditions. So quickly check whether they are applicable to you - and submit an application for this Guaranteed Living Insurance: this insures you against loss of income due to sudden unemployment or disability. And that is an insurance policy that will reassure us all, right? 3 Be sure to check whether you are entitled to certain premiums Because this too can cause pleasant surprises in the financial field. After all, this Wonen-Vlaanderen initiative collects the complete overview of premiums that you can request when you build, re-rent, rent or buy a home. In addition, be sure to also be sure about the reduction known as abattement ! Handy! 4 Take into account all incidental costs Because this is something that is often forgotten ... After all, it is not only the residence in question that you have to pay, but also quite a few different costs around it. So be prepared and do these things definitely in mind (and demand as well as good after your bank!): Registration fees , notary fees , maintenance and repair costs, installation costs for utilities, charges after the execution of the deed and the fee. Quite a bite, if you read it that way ... But if you are well prepared for this, this can all be neatly calculated in the application for your loan - and you will avoid unpleasant financial surprises! 5 A variable interest rate is not always the worst option! Although many opt for a fixed interest rate (which, after all, offers complete certainty), it is not always a bad idea to go for a variable interest rate - otherwise this concept would not exist, of course! Moreover, you get extra protection at different banks when you opt for the variable variant, which allows you to handle the duration of your credit more flexibly: you can therefore choose to extend or shorten the term without paying extra costs. A variable interest rate can turn out positively for different target groups: for example, if you are a doctor and you know that your wages will make serious leaps in the coming years, it is recommended, for example, to opt for a variable interest rate: after all to put that extra budget in your installment, and to pay off your residence faster. Another situation could be if you actually intend to resell that first apartment after a few years. Be sure to ask your Service Apartments In Mumbai Bandra which type of interest rate is the most positive for your specific situation! 6 Consider the value of the house (in relation to the neighborhood) And this is actually quite logical when you think about it, but is often forgotten in the heat of the bidding war. When you have found a property that you are interested in, but you do not fully agree with the price, you should look at the neighborhood where it stands - and whether this neighborhood is in proportion to the property. 7 Sign your purchase promise under SUSPENSION condition With the condition precedent you can conclude an agreement between two parties, even when you are dealing with uncertain factors. For example, you use the condition precedent in the context 'I want to buy the property if I get my loan from the bank'. The agreement will therefore only take effect when the condition precedent has been realized. 8 And above all ... Don't forget to have fun in the whole story! And we actually think this is the most important point in the entire list. Because buying such a house or apartment , entirely from yourself ... That is quite exciting - and a fantastic step in your life, isn't it? Therefore, do not forget to enjoy it to the fullest, between all the stress of choice, that tension and that move. Because you know what? Sometimes you just have to stand still in the midst of all the chaos and admire the facade of that little house with admiration. After all, it is YOUR facade!
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