Being able to have a mortgage loan allows that person who owns it to have a house of their own while paying it in comfortable installments, this being a much more attainable option than paying in cash. However, many banks require the interested party to save at least 30% of the total value of the house in order to be able to access the mortgage.
This makes it much more difficult, especially for young people, to be able to take advantage of this benefit. Despite this, the independent mortgage brokerage firm, RN Your Mortgage Solutionoffers among its financial products, one specially designed to make it easier for young people to access a mortgage.
A mortgage solution specially created for young people
RN Your Mortgage Solution, offers among its products the young mortgage. It is a mortgage with special conditions created mainly for young people with a maximum age of 34 years.
Through it, people in this age range will be able to finance up to 100% of the home of their dreams to pay for it over a period of up to 40 years, which is an important advantage compared to other types of mortgages.
Another of its relevant characteristics is that it has an exit interest of only 1.99%, while the rest of the periods will be up to Euribor + 0.99%.
The young mortgage also offers the facility to make the request entirely via online, which makes the process much easier and faster. This allows the client to have the necessary financing to acquire their home in less time.
It is important to note that RN Tu Soluciones Hipotecaria is a mortgage brokerage company registered with the Bank of Spain and that brokers mortgage products from most Spanish banking entities, but due to the volume of business, it obtains better financing conditions or percentages. financing greater than those usually found in entities.
What requirements are needed to access the Young Mortgage?
An important benefit of this mortgage is that it allows young people to access it with less savings. In the words of Daniel Gulias, deputy director of the company RN Your Mortgage Solution, «today, it is possible to get a mortgage with little savings.
What we value most when doing a study of a 100% mortgage is that the future mortgagees have previous experience of paying other loans or that they are renting, and that they have adapted to paying monthly installments and are complying with them, No problem. The experience in paying these installments means that the new mortgage does not become a problem in the future, if employment allows it».
On the other hand, in order to get these mortgages with little savings, the buyer needs to have a stable job and that the future installment does not exceed the recommended debt, which is around 35%.
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