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This is a risk that must be passed on to the customer, when the buyer pays off his house with the construction company, but it does not write off the bank, in this case the property will remain mortgaged. How does a financing simulator work? financing simulator Currently, customers can rely on real estate financing simulators to reduce doubts about financing, show basic rates and help the user make the best decision. The customer can simulate the value and take it to the bank to try to negotiate, and depending on the circumstances, they may be able to obtain better financing conditions. It is worth mentioning that the bank analyzes some points before providing financing conditions, such as: Financing term; Wage; When it comes to your monthly salary, the ideal is a maximum of 30% of your monthly income; Property value
The risk position is basically the customer’s chance
Pay attention to the budget: Often, to reduce the value of each installment, the customer ends up increasing the period of real estate financing. Doing this will also increase the amount of interest payable. The most recommended is to use 20 to 30% of the monthly budget in installments. This avoids Hong Kong WhatsApp Number Data a general commitment and provides better conditions, and it is also more guaranteed that the client will not go into debt. Tips on how to do the simulation: Always using the same conditions will help you have a clearer view of how financing works, what conditions are best and which bank is the best to use for real estate financing. It is very important to check the CET (Total Effective Cost) and what the final value will be, so the customer avoids surprises during the accounting period.
Leaving the table in SAC is a tip, as it will not calculate
It may happen that the bank indicates some insurance companies during this process. The customer does not necessarily need to accept the bank’s recommendations. But they will probably have to take out insurance before obtaining real estate financing. To carry out the simulation, the customer Malaysia WhatsApp Number List must follow some steps: Enter email. Fill in the property value and financing amount field. Choose whether you prefer a fixed installment (without reference rate) or variable (with reference rate); Enter the effective rate. Then choose the type of amortization, it can be SAC or Price Table. Choose the appropriate reference rate; Finally, enter how many months you intend to finish the real estate financing. After completing these fields. A page will open with the results of the simulation, showing exactly what value the installment will begin at and how long it will take to finish.
