I want the cheapest mortgage loan of all, how do I find it?
Becoming an owner of an apartment or a house is not something that can be achieved overnight, it represents a great investment. However, it is not impossible either and can be obtained through mortgage loans.
Buying a home remains one of the priorities of Chileans, and one of the key points to achieve this is how to make the loan cost them so much.
Mortgage loans are offered by different financial entities nationally and internationally. In Chile, banks seek to provide more and more facilities for users to decide and access this financing without implying entering into an unpaid debt.
So what elements can be taken into account to make this credit cheaper?
Your history as a customer
One of the first points is not up to anyone but you. Your behavior as a client, that is, how much you borrow, how good a payer you are, among other aspects, is key to obtaining a better credit evaluation and, consequently, a lower interest rate.
Compare the available alternatives
While there is an average, remember that each entity has different rates, as well as fees and additional fees that vary. The only way to make an appropriate decision is to inform you. This doesn’t have to be a tedious thing, since you can access online comparators like The Weng Nunez.
The bank where you are already a customer
In order to build customer loyalty, many banks grant special interest rates to those who have a payroll account or even a credit card. If you are a customer of a bank, it is worthwhile to inform yourself and see what they offer you for applying for your mortgage credit there.
Buy before construction
One option to achieve a reduction in the price of housing is to buy when the project has not yet been built. Because they need to be sold to start construction, introductory prices tend to be much cheaper, resulting in great savings. If you are able to wait for the property, this is an alternative worth exploring.