When applying for a mortgage, you must be clear that it is a somewhat tedious process. Any buyer who does not have the money necessary to close the transaction at the time must go through it. However, the reality is that there are some differences when it comes to paying for a new home or a one. In fact, there are many who believe that it is easier to access a mortgage for. A new construction home than if it is a used property. In a new construction home the amount to be will be lower New construction clients must request a smaller amount of money than if they did so for a second-hand home. The reason is simple, it is because buying a home off plan involves some particularities . For example, having made a house reservation , which involves paying a percentage of the property in advance, usually . Also, there is the possibility of having paid installments for the home, from the moment of signing the purchase until the keys are over.
Subrogate to the promoter
Those who decide to buy a new home also have the possibility of subrogating the developer’s mortgage. This is a great option for those looking for easier financing. However, it also implies other benefits , for example, the fact that the conditions Malaysia Email List for accessing the loan are less rigorous when to those posed when applying for a new loan. On the other hand, mortgages to the promoter are by providing good economic conditions to clients . The reason is that banks save some payments, mainly taxes , which they will have to face if it is a new loan. In any case, subrogation to the developer gives greater peace of mind to the buyer, since the conditions upon for the mortgage loan cannot be. In addition, subrogation to the developer benefits in terms of saving certain costs , such as some expenses associated with opening the loan or appraising the home. Lastly, if you choose another offer outside of the promoter, the latter will not be able to prevent your decision and will be responsible for paying the costs of canceling the original loan.
No additional investments should be made
A new construction home provides significant benefits to buyers . One of them is the ability to customize properties . Since it has not been and off-plan, changes can be made to the model initially by the developer. Also, they allow you to enjoy the latest Taiwan Email List developments on the market, the best materials and qualities. Logically, these elements of the home are in its final price . However, they can represent initial savings for buyers. When to those clients who finally choose to purchase a second-hand home that requires renovations. In summary, a new home, once the keys have been over, does not require an additional investment for the buyer. While a home implies, in a large number of cases. A rehabilitation that will increase expenses and generate new requests. of financing. With respect to this, it is important to analyze the expenses from the design of the renovation and the payment of that service. To an architect and interior designer; you should look for how to finance these renovations. This is a that, in most cases, requires requesting a loan or even increasing the mortgage.
