Some banks already granted the 120% mortgage, es decir, 100% of the price of the House but about a 20% additional reform, that will be delivering to deadlines in advance and the budget of the work function.
The purchase of a home that we want to be our primary residence is one of the decisions more important in our lives, especially if associated with the purchase of this home have to "mortgage us" in 25 or 30 años.
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One of the first questions that arise us when it comes to buying a used home is: ¿Buy a refurbished home? or do I buy one housing need reforms and I do it to my taste ?.
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Used housing need of reform can be a very interesting choice since they usually have a price lower than you would have a House does not need reform. On many occasions we throw away houses to reform by the "surcharge" which means having to have enough savings to make the reform or borrow loans subsequent to the purchase of housing, It is not always possible viable.
However now PLANETACASA has a plan to help you. Thanks to our financial service MaxiCredit Now we can get for you the plan mortgage 100%+ reforms.
What are the characteristics of the mortgage 100% + Reform?
Features This mortgage are as follows: The House that you want to reform must be to be the residence of the recipient. The Bank grants financing of the 100% the purchase of housing and reforms everything on mortgage and a maximum period of 30 años (Depending on the age of the holders). The amount that the Bank would give for reforms would be of approximately the 20% the value of housing. El cliente must provide to the purchase costs of the Scriptures (notary's office, taxes, etc), not the Bank is financing these expenditures. The money that is earmarked for the reform will be back the sale of the House before a notary and will be as you go to advance the work and According to the budget the client contribution.
What do I need to apply for a mortgage 100 % + Reform?
You will need to gather certain documents that you must submit to our financial advisor to perform you a free feasibility study. These documents are:
- Contract of employment
- The last payroll 3 meses
- Last year Bank movements
- Other contributions (extraordinary income or pension)
- Data in case of possibility of endorsement
Do you have questions? We put a practical example:
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How to finance a mortgage 100% together with reform?
Sergio, de 32 years of age and Lorena, de 30, living rent from ago 3 years to pay €550 / month. They want to buy a home used by €100,000 that will be your housing first and that used it to be your residence. This House needs reform and the cost of these reforms will be about € 20,000. Both are working and have the capacity to pay a mortgage of €120,000 to 30 años. The Bank accepts an funding TOTAL €120.000.
The day of the deed of purchase notarized, the Bank shall deliver to customer € 100,000 for the purchase and customers have to put their savings the the writings of purchase and mortgage expenses. The Bank has pending deliver € 20,000 will be go by delivering to the constructor as this present the corresponding invoices. A month after the purchase of housing, This has already been renovated and the manufacturer has received the 20.000 that agreed with customers in 4 payments €5,000. Sergio and Lorraine have a house renovated to his liking, that it has earned value and why pay a mortgage of €120,000 with one monthly fee of €414 / month.
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