Of course, like to buy anything else, it is best to compare different offers. Visit, call or check the internet to various entities, select offers most relevant to their interests and begin to negotiate with them. New technologies have also been introduced in the market for loans. Be possible to hire a mortgage loan through the Internet at some institutions. It is in this channel, the Internet, which often have the most economic terms but do not support certain assumptions (eg, some banks do not allow for hiring internet mortgage loans to purchase housing). If you go to a financial institution to obtain a personal loan over the Internet, unlike the case with mortgage loans, the offers that you will usually more expensive than those of traditional banks.
If you prefer to deal directly with the traditional banks, or if not within the narrow channels of Internet banking, please note that the entities are not always larger or more to advertise their offers the best deals, but it often happens on the contrary. We recommend that you consult with medium or small entities, especially if they are seeking to enter the area where you live. Contrary to what many believe, the economic conditions of each bank are not fixed and immutable, far from being well, the financial market is one of the largest “haggling” allows our economic system: it is possible to negotiate a reduced rate interest and commissions. Logically, to achieve this we must offer something in return, the bank will not impair its business out of pure philanthropy.
Already discussed in our post III Loans which are offered as collateral and creditworthiness is established, we can obtain better conditions. Therefore, it is necessary to inform the bank of all property and income you have, rather than hide it thinking it is better not to know just in case at a given time period is disregarded and an attempt to seize. If you have high income but a hidden tax, will be hidden from the bank (did not serve as collateral, but proves its existence), so it is best to make them visible (it is also more and civic solidarity, and avoids the concern of that inspection of Finance to discover). If you provide guarantors also taken into account.
Additionally, to achieve success in negotiations, we have to offer business prospects for the lender: debit payroll, other income, debit receipts, opening of savings accounts, deposits, investment funds, insurance contracts, credit cards … significantly increase the potential customer from the perspective of the bank.
Among the “clues” that we found one that may seem inconsistent with the need to apply for a loan: to offer the possibility of opening a deposit or a fund. If the available cash to carry out an investment, you might not apply for a loan (or, in any case will be smaller). Instead of investing, avoiding debt. It does not seem logical to borrow and invest simultaneously. However, in many cases this approach may be wrong. In an era of low interest rates and high inflation, if the cost of the loan is not too high, can pay the debt from a financial point of view, and even more profitable if we get the tax debt. Therefore, an appropriate investment can offset this cost, although it is vital to conduct a proper and prudent to advance financial planning.
We have already seen in other post, the importance of establishing long and parallel to the loan, a reserve for possible contingencies. Provide the financial institution to keep them our reserve fund will give us bargaining strength. If for any reason reduces their income or increase their costs, will be able to meet deadlines of the loan using the reserve fund and hold until the situation improves.
If the amount available was less than it needs but the circumstances described above (low rates, high inflation, tax) can be offered as the only collateral for the loan fund on a pledge or deposit (pledge). This is without a doubt, after the mortgage, the security that will allow you to negotiate better terms. Compared to the mortgage security is more effective, because the conditions are similar and get the costs of setting up security are much lower. In the pledge or surety is not required deed is not necessary to establish any insurance, nor is it subject to tax AJD (Acts documented) will face only to guarantee the provision of this tariff by the notary and intervention where appropriate to the inscription, which is cheaper than the mortgage. Moreover, not all bodies are from the entry until symptoms of possible default. Obviously the constitution prevents the garment option is to dispose of the money which serves as a guarantee until you get the loan at maturity.
You should also consider, from a fiscal point of view, that if a loan for the acquisition or rehabilitation of the family home, the higher the larger loan amounts may deduct on your income tax statement, always respecting the maximum amounts by interviewing annually, if this is the case carefully plan their payments.
