–
–
One of the problems that young people face when buying a home is having enough money saved for the payment of the property that the mortgage does not cover, which is usually 20%, or the expenses that it entails its processing, which could reach 10% of the value of the property. Next, you have a series of formulas that would allow you to achieve that goal if you do not have savings or a family to lend them to you.
1. Mediator con un broker: the comparator HelpMyCash explains that one formula is to hire the services of a financial intermediary or broker, who would get the best financing conditions for the purchase. However, it should be remembered that the professional’s fees usually range between 1% and 5% of the amount obtained. That amount is paid when the mortgage is signed.
2. Buying a house from a bank: the portal Idealista Note that another good alternative is to purchase a home from a bank, as they tend to have more affordable prices and entities offer more advantageous conditions because they are interested in ‘getting rid’ of that property. Currently, the real estate portal has more than 30,000 bank homes for sale. An example is a housing development for less than 70,000 euros.
3. Rent with option to buy: the platform Housage, for its part, puts on the table the alternative of rent with the option to buy, which allows you to pay part of that house while you live in it (a part of the monthly rent is destined to pay the final price of the property ). To access this system, a premium per purchase option of 10% of the property price is usually paid and the rental price is a little higher. In addition, during the rental period, the money that will have to be disbursed at the end of the lease must be saved.
4. Get a mortgage almost 100%: the HelpMyCash platform explains that there is a certain type of comparator profile that can acquire almost complete financing. These are young people with a good job, high income and in a growing or stable sector. There are also career officials, which is one of the safest and most solvent profiles for banking.
5. Personal loan: the last strategy to buy a house without having savings puts it on the table Idealista: apply for a personal loan to get enough money to put the entry. This solution involves many risks, the buyer has to calculate if he will have enough income to pay the loan and the mortgage at the same time.
