Consider state programs that are available to you for the purchase of your house.
Although there is no particular assistance for the purchase of a home, you may be able to take advantage of measures put in place by the government to encourage the acquisition of real estate in general. The most well-known is undoubtedly the Zero Rate Loan, which is intended for individuals who are purchasing their first home, apartment, or house, whether new or old, while still employed. If you fulfill certain requirements, you may be able to seek assistance.
Check with your local government as well: some municipalities provide purchasing help in the form of a subsidized loan or relocation support. In our chapter on subsidized loans, we provide you with all of the information you need to know about these programs. Sections are also available for purchase in the case of a Putrajaya apartment for sale.
Prepare for the possibility of obtaining a mortgage for the purchase of your home
Upon signing the compromise agreement, your mortgage application file may be submitted to the bank. If you are purchasing a new home, your mortgage application file can be sent to the bank immediately. An application for credit, on the other hand, is expected! You will need to gather a large number of papers (payslips, taxes, family record book, etc.).
You may provide the seller with a certificate of financing in order to ensure that you have the best possible possibility of completing the transaction. This demonstrates to him that you are financially capable of paying for the home you are viewing.
It doesn’t get much simpler than this! To find out how much you can borrow, run a simulation of your borrowing capacity. After reviewing a few papers, your credit expert issues you a certificate of good standing.
Create a model of borrowing capacity
If you purchase your home via a promoter, your file will be ready to be submitted to the bank as soon as the reservation contract is completed by all parties involved.
If, on the other hand, you wish to purchase land on which to construct your home, your file will be much more complicated. When applying for funding, you must provide a presentation of your building project. If you have to take out a bank loan to pay for the land, you’ll have to start planning your build early!
Finally, several more papers will be required for your loan application file, including blueprints, construction permits, and two-year and ten-year guarantees. So be patient, and most importantly, prepare ahead of time. You will sign a sales agreement with your vendor once you have made an offer to them.
This is a good strategy
Our recommendation: hire a notary public! No additional fees will be charged and you will have an expert on your side to accompany you and provide advice – especially about the conditions antecedent.