Real estate prices in many cities have already reached astronomical amounts for some time, but the problem is also starting to affect smaller towns. Despite this, many people still decide to buy their own apartment or house. Few people can afford to buy real estate for cash, most have to take out a mortgage. However, there are a few doubts here. Who can get a mortgage loan? What should you pay attention to to make the whole process easier?
What agreement to get a mortgage loan? It’s easier with this one
The bank pays attention to many aspects. So not only earnings are crucial. One of the important details is the form of employment. There is still a belief that only an employment contract for an indefinite period will guarantee a positive decision. Does it really matter?
– It is certainly one of the easiest incomes when it comes to the requirements that the bank imposes on us. It is certainly one of the favorite incomes among analysts. However, it is not the case that only a client with an employment contract for an indefinite period can take out a mortgage loan – explains Tomasz Półtorak, host of the “Ziomek od loan” profile, in an interview with Agnieszka Matracka. – The range of acceptable incomes is really very wide – he adds.
What agreement to get a mortgage loan? Although in the case of stable employment, i.e. the above-mentioned employment contract for an indefinite period, it may be easier to obtain a mortgage loan, there are many more forms of employment accepted by the bank. These also include mandate contracts, contracts for specific work, and seafarer contracts, and even income obtained by clergy. Obtaining a mortgage loan may be problematic for people running a business. Difficulties may indeed arise here, as Tomasz Półtorak points out, mainly caused by the so-called tax optimization. – This tax optimization does not always go hand in hand with creditworthiness – he emphasizes. – An entrepreneur definitely needs to exercise a little more – he adds.
Poles have extremely expensive mortgage loans. Only Hungarians pay more Photo Adam Stępień / Agencja Wyborcza.pl
“No type of contract is disqualifying.” One mistake can ruin your plans
The source of income and its amount are crucial, but these are not the only details that are worth paying attention to in advance. Many people forget about the basic aspect. – The most common mistake made by potential borrowers is looking for their dream property before they determine their creditworthiness – emphasizes Ewelina Czaplińska, an expert in the interview. This calculation of creditworthiness should be the first step in searching for your dream home. Importantly, each bank calculates it differently, and popular calculators do not always show the correct information. In some branches, all income is taken into account, others use only the salary basis to calculate the customer’s creditworthiness. This is where the help of an advisor or credit expert may come in handy. – Today, no type of contract disqualifies us from submitting an application – adds the expert.
Source: Gazeta
Bruce is a talented author and journalist with a passion for entertainment . He currently works as a writer at the 247 News Agency, where he has established himself as a respected voice in the industry.
