The second home mortgage is a recommended option for those who have in mind acquiring a house on the beach or in the countryside, in order to disconnect from the environment of their habitual residence.
In this sense, the company Central Hipotecaria is a specialist in finding the best conditions available in the market to process a mortgage, according to the economic profile of each client. The company’s goal is to make this procedure as easy as possible, since the application can become a complex and laborious process.
Reasons to choose a second home mortgage through Central Hipotecaria
According to specialists, applying for a second home mortgage can be more complicated than the first, so it is essential to hire a feasibility study from a qualified company. Through Central Hipotecaria’s service, people can become owners of a new home by paying a relatively small monthly payment.
Unlike regular mortgages, financial institutions consider that the risk of a second home mortgage carries a greater risk, so there are stricter conditions for granting credit. In this sense, the Central Hipotecaria team makes sure to guarantee that clients receive the maximum percentage to acquire their home.
One of the differences between the second home mortgage and the mortgages to acquire a habitual house is that some financial institutions set more expensive interests in this type of credit. Regarding the term of the loan, it is usual to opt for a 20 or 25-year loan, while a traditional mortgage can be paid in 30 or even 40 years.
Recommendations for applying for a second mortgage
Given that a second home mortgage can present some negative characteristics, the professionals at Central Hipotecaria are responsible for carrying out the process in the best possible way. One of the recommendations that the company offers to clients is that they have a good level of savings to access a favorable mortgage.
On the other hand, people must have a good guarantee and have their first home free of charges, since a stable economic situation positively influences obtaining credit. If necessary, Central Mortgage staff offer support to customers who wish to analyze other viable alternatives to successfully apply for a loan.
To ensure compliance with the requirements and conditions established by financial institutions, people can request their own manager from the team of professionals that works at Central Hipotecaria to analyze the situation carefully. The company is characterized by its ability to react and agility during negotiations, ensuring immediacy in each response.
