In a Real estate market in full revivalthe return of UVA Mortgage credit (Unit of purchasing value) He continues to generate expectation in thousands of people who dream of buying their own home.
However, beyond the enthusiasm that the announcements of 24 Banks offering new linesto take a mortgage loan remains one of the most important – and complex financial decisions – in the life of a person.
Access one grape loan line that they offer today 24 BANKSIt requires complying with certain requirements, among them, to demonstrate sufficient income. How much to win to qualify? In this note, we analyze the minimum income required by banks for a loan of $ 60 million (about US $ 50,633 -taking the price of the officer to date, which is the dollar that is now used after the headachel How the quota varies according to the term chosen.
Yes ok The return of grape credits and the competition between banks facilitate access to one’s own home, Current economic conditions remain a significant barrier. For an average family, reaching the minimum income necessary to cover the initial quota of a loan remains a challenge. Besides, Inflation adjustment is a risk that applicants should carefully consider Before embarking on such a loan.
To access a grape loanin most cases, The initial fee to pay cannot exceed 25% of the applicant’s monthly income or of the family group, except for some banks in which The entrance fee ratio is 30%.
Taking the rate of the National bank, which is the entity that concentrates the highest percentage of the market, which is 4.5% for salary account, the value of the quota for a loan of $ 60,000,000 to 30 years (360 months) It would be from $304.217.
-In that scenario, in order to qualify this credit, the applicant or family group should have:
Another example of a fee, taking a rate of 8%, as is the case of applicants who do not have a salary account in the bank, the fee would be of $440.261
In this case, How much do you have to win?
UVA credits are tied to the evolution of the CER index, which reflects inflation. This means that, although the Initial quota is lower that in other traditional credits, Over time the quotas increase According to the rhythm of prices.
Therefore, although banks already allow simulating fees and amounts on their websites, specialists recommend taking into account that UVA mortgage credit It is a long -term bet and requires planning. The general recommendation is not to compromise more than 25% or 30% of the total income in the initial fee, and anticipate that this relationship can be modified over time if inflation rises.
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