That came the moment when you finally ripe for buying their own homes. Of course, just a desire – to start moving in this direction. But like it because the first time? Information from acquaintances and friends already who bought their apartments, of course, gave you some insight into the buying process, but here I am with some confidence say, you have to do your first small steps and personal experience to learn all over again. To ease your the way I decided to share my experience in real estate. So, to start on the stages of the home buying process. Several of them The first and undoubtedly the most important stage – it's a loan.
Sredito Habitacao is still one of the the main sources of income for banks. But the situation of credit by Portuguese banks in 2009 radically changed. After the economic crisis, increased volume does not pay bank charges on loans past years, the name of it – 'credito mal parado', resulting in decreased cash fund of the banks themselves. All this has led to a tightening of requirements for applicants for mortgages. Today in the analysis process credito habitacao banks require maximum security with by the applicant. What does this mean? This stability in the work of an employee 'efectivo' – is more profitable for the bank than someone who has worked at the firm just a few months, or working at temporary jobs. This high irs, loans more easily pass from human to have a permanent residence, as well as the presence of the share equity, which is paid immediately upon purchase of selected homes.