Buying a house in Panama is a challenge, it is not easy and more if it is difficult to get the down payment. So today in MLS Acobir we give you some tips so that take it into account in the process of saving to buy your new home.
It is important that you take control of how much money you have, it is not enough to put the money in a corner of your house, it is important to have a savings account, in addition also will help you in the future, for when you want to make the transfer to the seller, also if the Bank at a time when ask you to see your liquidity, your savings account would be your advantage.
Starting a budget
To achieve your goal, you must need to organize all budgets and comply it, you will have to make a list of all monthly expenses that you have and subtract it from your income. What you have left of the month outside of your fixed expenses like them are taxes, rent, food, transportation, recreation and others from there you must get your monthly budget for payment of your House. If you not fixed rules on the budget you will not be able to accomplish your goal. Remember to deposit the money in your savings account.
How’s your credit?
The possibility of being approved for a mortgage loan depends a lot on your credit that you have formed based on your accounts, other loans, debts. It is very important that you know your credit score and that it is good. And if it’s not good, do everything you can by adjusting it to make it better. This is essential.
Take advantage of the extra
We all have a lifestyle that we are adapted to, if you adjust and your main goal is saving for your home, you can get a good savings, and if you take every extra money that comes already birthday gifts, work bonuses, salary increases and you save, you will surely be able to reach your goal of buying a house faster.
We recommend you to be patient and adjust yourself in your day to day, so that you can reach your goal, remember the initial subscription is the basis for you to buy your new home, banks usually approve mortgage loans with 10% or 20% of the value of the good to buy, usually always with 20%, always look at a value and with this you can build your savings Plan.