Home financing is a great alternative for those who do not have all the money to buy but are in a hurry to purchase their own home. To be able to adhere to the option, the consumer must seek a financial institution and wait for its purpose, credit and conditions to be approved. But this process is not always easy.
To release the amounts demanded, banks check a lot of information. What is the desired amount? Does the buyer have enough income to pay the installments? Is the consumer’s name “clean” in the market?
First, institutions seek answers to these questions. Then evaluate the structure and regularity of the property and amount available for entry. And then, the credit is or is not released for real estate financing.
To make this process easier, we’ve listed seven tips that will help you get housing more quickly and accurately.
Open a financing bank account
When the funded future already has an account with the property installment bank, the chances of credit approval are greater. The advantage is due to two reasons:
- Financial institutions seek to privilege their clients, so that the banking relationship is lasting;
- The client’s income and bank transactions are already known to the bank, which will know their income and payment possibilities if the credit is contracted.
Another benefit of being a bank account holder is lower interest and negotiated condition with the usual manager.
Keep documents accessible and complete
For credit analysis, the financial institution requests numerous vouchers. Income, address, market credit and others are among the requirements, and it is important to have the statements handy whenever a new voucher is requested.
Ease of access to documents will show your commitment to meeting bank requirements, showing planning. Agility in the process is another benefit of this accessibility.
Each bank has specific document list requested. When choosing an institution, it is interesting to know its particularities and already provide them. In general, the proofs required in credit analysis are:
- Buyer’s personal documents, such as ID, CPF and marriage certificate;
- Personal documents of the buyer’s spouse;
- Proof of address;
- Proof of income;
- Copy of income tax return.
It is also very useful to have all these documents scanned and saved on a thumb drive, so that sending to the manager or delivery to the bank branch is possible whenever requested.