How much credit the bank will offer you will depend primarily on the estimated price of the mortgage? Although banks are already able to provide a so-called 100% mortgage, where the loan is the same as the value of the property, it can be said that the more the estimated price exceeds the credit, the better conditions you get. The best of สินเชื่อรถผ่อนอยู่ comes there.
You can guarantee the property you require even under construction but must be registered in the Land Register. Alternatively, you can also guarantee another property such as a house of willing parents and after the registration of a new building in the land registry “swap”.
- Whether you receive a loan at all and under what conditions also affects your creditworthiness. When looking for the best mortgage, be sure to go first to your bank, which can very quickly assess creditworthiness for example, based on the movement of money in your account and often offers better conditions than a bank that doesn’t know you.
- Before finalizing a mortgage loan, keep an eye on the conditions under which each bank provides loans. An important selection parameter is the interest on the loan, but also the loan approval fee, which is usually determined by the percentage of the total mortgage amount, and the account maintenance fee. The price also reflects the price for estimating the value of the property that will provide the loan. These are thousands of crowns.
- If you are not buying a finished property, but are building, ask if the bank will provide you with money already when applying for registration in the Land Register.
One of the optional parameters of the mortgage is maturity. The longer you repay the mortgage, the more you pay the bank on interest. On the other hand, with a longer maturity and therefore lower repayments, your chances of approving the loan will increase. Choose short maturity and high amounts only if you have long-term certainty of high income.
Banks offer interest rate fixation for one, three, five, ten and twenty years, but it is important to realize that without penalty, the loan or part of it can be repaid early only after this period. At the same time, interest is being changed for the next period. Therefore, the medium-term fixation period 3-5 years appears to be ideal, with the possibility of repaying a larger part of the loan once every few years, while providing relatively low loan interest.
Choose the ideal payment schedule
You can choose a fixed amount of repayment in which the interest rate gradually decreases and the principal repayment increases. Progressive repayment with increasing amount of installments is suitable, for example, for families where the wife is on maternity leave and in the future higher family income is expected. By contrast, digressive repayments decrease over time. If you have a larger amount at the time of your loan application, you can use it to reduce your total debt more quickly.
What it will cost
Another possibility of obtaining the necessary housing funds is a loan provided by the State Housing Development Fund. It may be given to spouses, at least one of whom is not yet 36 years old, or to a person under the age of 36, who cares for at least one minor child.