I have a home of their own and are deferred annuities may be comforted each other during the early years of the period. In the early years ...
02:44
I have a home of their own and are deferred annuities may be comforted each other during the early years of the period. In the early years of installment payments. We always have interest loan to buy a home at a discounted rate. Or promotion of low interest itself.
However, over time until the promotion's interest is then enters a floating interest rate. Floating rate will depend on the market rate loan. The policy rate is set by the Bank of Thailand. In the current market interest, it is about 6-7% per year, which is considered quite high enough.
Would be nice if we could reduce the loan interest, the less it can not be.
The refinancing to qualify.
1. First ask borrowers refinance to reduce interest we should have a history of loan payments regularly. And punctuality Each installment payments in that period, we should settle for accuracy and completeness. This time you first and for the sake of the future we want to refinance my home.
2. Check the interest rates of refinancing required. The current bank different promotions to attract customers to borrow money to buy a house like us. In particular, some banks will keep interest rates at exceptionally attractive if we have some rights such as the right to borrow to buy a first home. Or the right of the agency to provide banks with interest rates.
3. Check the cost of refinancing carefully. Because of the refinancing, we may incur in the event that we change the loan as a loan from Bank A, but we've come a loan from Bank B, instead of the lower interest. However, should the cost side. And if possible seek to negotiate a new bank rescue us from the costs that may not necessarily be very good.
4. Ask for a lower interest loan from an old source. In some cases, if you pay on time. Full pay period We might do Or a request to reduce the interest on bank loans as a source of it.
5. financial plan if you pay within a shorter time. For example Never borrow from banks in a loan term of 30 years, but we thought we would pay to refinance out quickly. Payment may be only 15 years to make our mortgage payments to increase it. If we do financial planning in advance may cause "shock" and adversely affect the new pay period. History and will take it easy.
However, for stories of interest rates was not the case only in the calculation before deciding to move on loan. But interest rates are the most important issues in refinancing. If you see a low fixed interest rate in the early years. The current interest rate for the first year down to 1%, 2.5% and 3%, but that will only interest in the early years only because mortgage loans have a loan term is ten years or so. Whether refinancing Buying a new home It should take into account the interest rate expires after a fixed interest. While some people may be excited about. "M minus" over MLB's alone. Ignoring the normal interest MLB SR. Interest or major customers of banks that are newsworthy. Unlike some banks and other financial institutions typically small. Often define the higher reference interest of major banks, financial institutions, therefore, although down from the previous benchmark. It may be the same rate as large financial institutions so only solution is the need to compare interest rates between financial institutions. Also need to look at the history of financial institutions that loan that is higher or lower than the banks we use it.
Hope you get some benefit for people wishing to refinance my home.
One of the key people who wanted to have a first home is. "Mortgage" or a loan to buy a house. I have to admit that a factor not ...
02:30
One of the key people who wanted to have a first home is.
"Mortgage" or a loan to buy a house. I have to admit that a factor
not overlooked it. The less you have to carry cash to buy a house after
washing. Some people may have wanted to live, but to invest. Whether on
business or to grow up. Instead of buying a big house we ever try to "tips
for home loans" below it.
Current lending by financial institutions seems to be tighter than in the past. People who want to buy houses to live really. You should have a certain level of savings. Because financial institutions Backup link may not release the full loan. Typically, loans are approximately 70-90% of the remaining parts it is essential that homebuyers must bring savings out. But the need for money after we left to live, whether it is a home. Necessary furniture Appliance necessary And miscellaneous expenses too.
Recommended
- For people with low incomes. Should pay period as long as 20-30 years due to make monthly installment payments decreased. The burden is not on the way in installments home.
- In general, banks often provide a loan of about 30-90 times the revenue. Cascades may very least, as a professional group. Home buyers should plan carefully before loan possible.
- Banks are generally set monthly annuity of about 25-30% of the borrowers. For example A salary twenty thousand baht Should payments in installments 5-6. Thousand baht per month
The bank credit
For the financial institution in each of slow speed may take a different post. But in general, the loan approval to loan it will take about 20-30 days to consider is how much difference. Borrowers must contact form. And submitted evidence to fully prepare. Then the financial institutions to assess and set limits to it.
guarantee
Financial institutions will be surveyed and appraised the house and land to be used as collateral. This will take about 2-5 days, then will consider loan applications by analyzing the income of borrowers and collateral. As well as other factors, and will inform the borrower that the borrower estate taken as collateral. In case the borrower can not repay the debt, it can be forced out by security.
Loan and loan period.
When home buyers to borrow money often think to question myself always thought that it would recover in time for how long. Generally, banks will provide loans ranging from 5-30 years this decision will depend on the loan. And the ability of the borrower to pay the loan. If the borrower wants the loan, but the ability to pay is relatively low. It has to be extended for as long as 25-30 years in order to provide an annuity reduced to the point that can be deferred because the loan as well. Interest rate equal installments even take longer.
Annuity
Generally, loan finance lender is approximately 70-80% of the appraised value or purchase price. But in today's highly competitive market. Financial agreement with the project or program, the bank provides financial support. The bank will provide a loan of up to 90-100% of the appraised value or purchase price. The recovery period, banks often set a long recovery period of approximately 15-30 years (depending on the guarantee securities), but most banks often require a period of recovery, combined with the age of the borrower must not exceed 65-70. For example, 40 years to recover up to 30 years and so on.
For borrowers who are current in the payment period of 15 years or 20 years if projected that in the next 2-3 years, the costs will be higher in the family will have to make repayment. May extend the recovery period is 25-30 years, it is possible for a minimum monthly annuity installments. Because later, when the family income is increased, it can pay for the period increased from the originally defined as the pay monthly 223 baht, it could be up to a month, 278 us or more, which makes the debt run faster. I
How was Not too cumbersome for a first home, right? I do not think I'll consult people a lot because the house is jointly owned by the family will be home to a "warm" to the occasion. The new family is encouraging all my family.
