The Purchase of a property It is one of the most important financial and personal decisions that a person takes in his life and, in recent years, with the absence of financing to do so Many people stayed outside this possibility. Now, with him return OF THE MORTGAGE CREDITS UVA (Unit of purchasing value) And with an expectant market for the reaction of the sector before the exit of the exchange rate, that door was reopened that many expected to have their own home.
This is how from the second half of last year a change in tendency was evidenced in property purchases and 2024 closed with a total of more than 11,000 loans grantedaccording to data provided by the Urban Fabric Foundation. But also, this increase is registered in the Amount of sale operations: In March there was 992 formalized deeds with mortgage in the city of Buenos Airesabout 20% of the total acts of the month (4747) and 1042% more compared to the same month, according to the Colegio de Escribaros Porteño.
What tells us this? “When there is mortgage credit, the circle is virtuous. A first housing buyer that ‘did not exist’ appears. And the one who sells his property to which the credit is turned around and buys a property usually a little larger or more value, ”they say from the entity.
But, we must bear in mind that In the process of buying a property With a mortgage loan from a bank, there are several stages that must be followed to be able to carry out the operation successfully. In this way, one of the most frequent doubts among those who initiate the process is how long they have to find a property Once the bank approves credit prequalification, since many first prefer to be sure to access and then choose the house.
The answer varies according to the bank y The type of procedure that applies each. While some grant a certain period for the client to find and present the documentation of the property, others require the property selected from the beginning of the process.
In it National Bankone of the main bidders of UVA credits today, the deadline to find a house is 60 days from prequalificationwith the possibility of extension. That is, the applicant has two months to choose the property you want to buy and present all the required documentation of the property.
Another bank that grants the same period to find the property in question is the Santander. In this entity, the client has a limit of two months to present the chosen house To the bank, after that time you must make the prequalification again.
He City Bank It grants between 60 and 90 days to revalidate the documentation that was presented in the preapprobation of the loan, to see if the credit rating is maintained or if an update is needed. In all that time the property can be presented.
In the case of Banco Macrothe time granted is somewhat shorter: 40 days. This limit is also counted from the prequalification, which is the first step where the bank evaluates the credit capacity of the interested party.
For its part, the Córdoba Bank (Bancor) establishes a period of 30 days so that the client advances with the operation. This short period responds, according to the entity, to the need to keep updated the financial information of the applicant. “After 30 days, the economic situation may have changed, either because of a new indebtedness or a delinquency event,” they explain from the bank. In case the credit situation remains solid, the applicant can re -apply without problems.
He Banco Galicia is one of those that offers the greatest flexibility with 60 days To advance with the purchase. This more extensive period can be convenient for those who have not yet chosen the property or need more time to negotiate the operation.
In the case of BBVAThey explain that there are two profiles of well -marked customers: on the one hand, there are those who They first approach to consult how much they could finance according to their income. In general, in a term not exceeding two months They return with a selected property to advance with the operation. On the other hand, There are those who already come with the defined property, They make the prequalification and the application at the time. In these cases, The procedure until arriving in Escribanía usually takes about 20 daysand then they add between 25 and 40 more days depending on the property in question and the time that the study study takes.
However, not all banks allow progress without a definite property. In the case of Mortgage bank and of Patagonia Bankfor example, it is required have the documentation of the property from the beginning of the process. “There is no established deadline to find the house because it has to have it chosen at the beginning. Once the client presents the property papers, the credit qualification and granting process is directly begun,” they explained from one of these entities.
To who are evaluating a mortgage loanit is convenient to consult in advance what modality each bank uses. Yeah You already have a property in viewperhaps it is more agile opting for a bank that starts the entire procedure together. But If the ideal house was not yet foundit is key to choose an entity that provides a reasonable time to seek calmly.
In addition, in a context of change of rules such as Recent Stop Exitthe time factor acquires a key role: the window of opportunity to specify an operation in favorable conditions can be brief. This is a fundamental aspect to consider, since The real estate market operated on the basis of the official dollar, within the New exchange band established between $ 1000 and $ 1400, y no longer with the MEP dollar as a referenceas happened until that moment.
In this scenario, marked by the daily fluctuations of the American currency inside the band although it has been stabilized around $ 1200, The amount in pesos granted by the bank at the time of writing will depend on the punctual value of the official dollar. If the price is located near the band of the band ($ 1000), more people could access a property or aspire to units of greater value in dollars. On the other hand, if the dollar is positioned at the upper end ($ 1400), the equation becomes less accessible.
This is because A dollar increase can make it difficult to obtain a mortgage loanespecially for those who have a limited income or who need a loan with a specific amount. If the dollar increases significantly while the credit is being processed, the account may not closewhat could leave a possible buyer outside the process, because it means that more pesos are needed to buy the same property in dollars and consequently the percentage that represents the quota of the credit in the salary (which must be 25%) increases, which can lead to people who previously qualify, now they cannot do so.
Based on this exchange band established by the Government, market specialists recommend that When looking for the property, you always think about the band’s topthat is, in a dollar at $ 1400. Since, in the event that at the time of writing it is in that value, it will not be an inconvenience to sign and, in the event that it is lower, the amounts of the quotas will be shrink.
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