We will tell you what type of home you can afford at most with the Government guarantee of of the mortgage. Continue reading the article to find out. Government endorsement The Government announced an ICO guarantee on of mortgages. The objective is that the youngest, under years of age, and families with children have. The possibility of accessing the purchase of a home, two groups for which it is very difficult to access a mortgage due to lack of savings, despite of having stability and financial resources to meet the installments of a mortgage loan. In this way, it will be possible to finance the down payment of the home along with the mortgage and pay only the sales taxes . The latter have a cost of around of the price of the home.
How does the Government guarantee work?
The Government is applying as a guarantee for mortgage loans on the part that the banking entity does not finance up to through a line of guarantees from the Official Credit Institute (ICO). It is important to highlight that it is not a subsidy, it is about guaranteeing a part of the mortgage. In other words, you will have the possibility of accessing up to New Zealand WhatsApp Number Data more mortgage through the Government guarantee. However, keep in mind that you will have to return of the mortgage, which includes the guaranteed. Requirements to access the Government guarantee for young people and families with minors To access Government guarantees on of the mortgage you must meet the following requirements: It will be possible to access the guarantee for young people up to years old and families with minor dependent children.
What housing can you afford with the Government’s endorsement?
To calculate what will be the maximum price that your future home may have. We have considered that you can use a maximum of of your monthly salary to allocate. To paying the installments of a mortgage loan. Let’s imagine China WhatsApp Number List that it is a mortgage with an average interest of and a repayment period of years. Young people who buy a home on their own Let’s imagine that you are a young person under. Years old who earns , euros a year with payments. We will tell you which is the most expensive home you can afford in this case. With the gross salary limit , your net monthly salary is approximately , euros . You will have the possibility of buying a home for up to , euros. Young couple buying a home together In case it is a young couple. Both under years old, and you earn , euros each with payments. In total, they would add up to , euros between the two of them. With the gross salary limit, the joint net monthly salary is around , euros. This means that they will be able to access a home for up to , euros.