Often those who want to open a mortgage wonder what the amount granted can be based on their salary: the calculation by receiving a salary of 1,600 euros.
Very often when you decide to buy a new house, you opt for the lighting of a mortgage that allows you to pay the amount due in several installmentsthe amount of which and the total number of monthly payments depends on the type of financing and the total requested.I would like to get a mortgage to buy a house and I earn €1,600, can I get back? (News.com)
Many people wonder how much mortgage it is possible to obtain based on the salary received. In reality, you need to know that it’s not just the paycheck that counts, but they are one series of factors that determine the situation e the total amount which can be granted. Let’s analyze the situation for workers who receive monthly payments approximately 1,600 euros net in the paycheck.
Mortgage, how much you can get with a salary of 1,600 euros: the calculation
Who decides to buy a property, situation for which it is necessary evaluate many aspects given that it is an important investmentoften opts for taking out a mortgage. The most frequently asked question for those in this situation is the total amount that can be granted based on the monthly salary received.
Mortgage, how much you can get with a salary of 1,600 euros: the calculation (Notizie.com)
The calculation cannot be based exclusively on the salary, but must also take into account the age of the applicant, the type of employment contract, the possible presence of other active financing, and, finally, the composition of the family unit. The site Immobiliare.it tried to estimate what the amount of mortgage granted for a worker who earns around 1,600 euros net per month for 13 months. According to the site, by considering this amount, it would be possible to obtain a mortgage up to approximately 128 thousand euros of mortgage for 25 years and one monthly installment of just over 570 euros. To obtain this result, it was assessed that the applicant has no other active financing, but also an advance availability of 20% of the value of the property, therefore the latter should not exceed 160 thousand euro.
For the instalment, it is always recommended to opt for an amount that never exceeds one third of the income received. In this specific case, taking into account 13 monthly payments, the monthly income would be just over 1,730 euros (1,600*13/12). Finally, it was considered a contract a indefinite perioda type that in most cases allows you to obtain more benefits than a specific or self-employed worker.
In addition to the contract, you need to know that discounts are available for Under 36s by accessing the First Home Mortgage Fund which the Government has decided to refinance and extend until 2027.
