Feasibility study of a bank to give a mortgage
Feasibility study of a bank to give a mortgage We explain what a feasibility study of a bank to give a mortgage to a client consists of. Do not waste time going from bank to bank and read our article beforehand to save yourself the hassle.
If you want to know if you can access a mortgage and under what conditions, request your free financial advice and we will answer you quickly by phone in person.
Our advisers will inform you of everything and will give you the keys to access a mortgage.
What does the feasibility study consist of?
It consists of preparing a customer profile to see if they meet the minimum requirements to be able to access a mortgage.
Each person has different personal and working conditions and it is important to know if we are suitable to be given a mortgage or not.
In this way we save time avoiding seeing homes that are beyond our means or even discovering too late that we lack requirements to be able to finance.
Although in most cases there are always solutions to be able to access a mortgage according to the client's needs, it may be that one bank denies it while another approves it.
In the end, the important thing is to be able to access a mortgage in good conditions and that the payment does not represent more than 35% of the monthly income.
Valoracasa Feasibility Study
With our financial advice we elaborate a profile of our client and later we carry out a feasibility study. We want to make sure you can access a mortgage.
Then we will see if the mortgage suits your needs, how we can access a mortgage that is worth it, the mortgage conditions, the monthly payment, and all the general information you need.
It is important that you know your strengths and weaknesses when applying for a mortgage and negotiating with each bank to get the best conditions.
We negotiate directly with each entity and offer you various mortgage options for you to choose from.
FREE FINANCIAL ADVICE
How does the bank do the feasibility study?
- Check the employment status of the client and the type of contract
- Income, expenses and debts
- Personal and family situation
- Required Input Quantity
- borrowing capacity
- Existence of embargoes
- Banking transactions
To verify all this, the bank requests a series of documentation from the client and carries out the study. In most cases, mortgages are not studied at bank offices.
All the documentation is sent to analysts from the entity's mortgage department and passes a series of filters. They may request more documentation in case of doubt or if something is missing. This process can take days and make customers very nervous.
Some entities worry about informing the client on a daily basis, while others do not notify and nervousness is increasing.
Our advisers present the mortgage in several entities that have previously been filtered to ensure fast and effective results.
It does not make sense to present the mortgage in a bank that we know in advance that does not have the type of mortgage that we need or has too tough requirements.
Once the mortgage has been presented to the banks, the mortgage conditions must be negotiated with each of them in order to improve the initial offer and obtain a mortgage as tailored as possible.
All that work of filtering banks, presenting mortgages and negotiating conditions is carried out by our advisors on your behalf, thus saving you time and money.
Juan Rosado
CEO
Contact
