It is increasingly necessary to pay attention to bill’s, loans, credit cards or consumer credits and it is not always easy to master the theme or not to fall into temptation amid so much proposal from banks, credit institutions or stores, but mortgagecalculators.info will help you.
The site mortgagecalculators.info, has a large number of tools that will help you, with a simple and clean look, the site helps you with there unique calculators, since 2008, to master your personal finances or investments.
Thinking about buying a house?
With the Mortgage Affordability Calculator, you can calculate based on your annual income, other loans, taxes and other expenses, the amount you will pay and the effort rate you will have. With this tool you will not only be able to know the instalment you will have to pay monthly, but also the house you will be able to buy avoiding future headaches.
According to Deco, a Portuguese consumer protection institution, 70% expressed difficulties in making ends meet, according to the first Barometer on households’ financial capacity, and it is based on a self-assessment in a survey where only 23% of families say they live effortlessly to meet expenses.
After a year in which we were dominated worldwide by a pandemic and in which 2021 is not getting off to a much better start, it is very important to be aware of the challenges we face and the capacity we have to fulfil commitments.
According to the Financial Times, these are some of the tips you should follow when looking for a home
1. Look at all the options available to you
When you’re looking for a property, don’t discount repossessions and properties at auction.
2. Prepare thoroughly
Whether you are applying for a mortgage in person – on the phone or online – have all your details to hand when you speak to the lender.
3. Explore shared ownership
Shared ownership allows you to own a ‘share’ in a property with another party – usually a Housing Association.
4. Shop around for the best mortgage rate
Beware so-called ‘cheap’ mortgage rates on the high street and don’t be tempted to simply take a loan out with your bank manager.
5. See an independent mortgage adviser/intermediary
In today’s high-tech world, there are many online comparison sites and best buy tables designed to guide you towards the right mortgage for you.
6. Look into a HomeBuy scheme
You could get help to buy a home through one of the Government’s HomeBuy schemes.
7. Write a budget plan
There are many factors you need to consider when working out what you can really afford on a monthly basis.
8. Make sure you save
You will usually need to put a substantial deposit down on any new home – but that makes the amount you need to borrow less.
9. Beware of hidden costs
There are a number of other one-off costs that you will have to budget for.
10. Buy with someone else
Taking out a joint mortgage (or joint ownership in Scotland) can make the buying process easier – for example, buying with parents, friends or a partner can actually ease the financial pressure.
Mortgagecalculators.info will not find your dream home but will help you do the math so that your dream home does not become a nightmare.
You can also find other calculators on the website mortgagecalculators.info that will help you, whether you are a private individual or an investor.
Money Saving Calculators
- Rent vs Buy
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