If among your plans is to buy a living place, the Association of Real Estate Developers of Peru (ADIPERÚ) points out that if you organize and define your objectives well, you can do it. It also provides some recommendations before the acquisition of the property.
Inform yourself well. You have to review all the alternatives that exist for financing according to your possibilities. For example, if you are going to buy your first property, you have the option of accessing the housing bonds provided by the State.
Apart from State subsidies, financial institutions offer different financing alternatives to make the purchase, such as a traditional mortgage loan or a savings plan. In addition, the companies that sell the properties offer the option of direct financing.
Prepare a budget. You have to establish what your budget is to be able to save for the initial installment of the mortgage loan. It is essential to order your income and expenses to, if necessary, make some adjustments.
It is necessary to know the value of the property to calculate the fee that will have to be paid. If you can save more than the minimum amount, it is very beneficial to have a payment plan with low fees.
Take care of your credit history. The credit history is the trace that each person leaves in their financial history and includes all information on cards, loans, debts, among others. Avoid having a negative record by fulfilling your obligations in the shortest possible time to maintain your grade in the face of specialist analysis. If you have a positive track record, you will be more likely to find a good financial alternative. Remember that owning a home will allow you to access other long-term loans.
“The current situation has made the purchase of a home to be mistakenly perceived as a complex challenge; however, if one is organized, informed and defines his objectives well, this process becomes much easier. When buying a home there are multiple alternatives, each one of them represents a good investment,” said the Association of Real Estate Developers of Peru.
