It is natural to assume that after a few years of renting an apartment in a metropolis, you automatically think about the purchase of your own housing. And if such thoughts come to your mind, then you most likely explore banks for a loan or mortgage, for example, about Nomos Bank for banks. ru. This is good in many situations, especially if you are planning a family or if most of the savings are already in your wallet. But in some cases it is worth stopping and thinking whether you are ready for such a large purchase? Below we will give some signs of why you should wait.
1. You are not friends with loans
If you have a story of overdue payments on loans and loans, then this will not only have a bad effect on your loan and interest that the bank will indicate to you, but this should be a signal for you. The fact is that not only banks see the degree of your capabilities and responsibility when it comes to paying debts, but you yourself must pay attention to this. Why will you put yourself in tough financial risks and jeopardize your life and your future apartment, if it is problematic to pay amounts of obligations for you? In the end, even if you are ready to squeeze your expenses, try first to establish your credit history, so that the banks offer you the best mortgage and lending options.
2. You are already drowning in debt
Longs and payments on loans for a car, training, use of credit cards have already hung over you? If your debts devour your salary, add a mortgage to them will be an unreasonable move. First pay off with the fact that you should already, and then go to a new level.
3. You have no fund for a rainy day
The fund for a rainy day or accumulation for a rainy day is a very important component of the correct functioning in this world. You have no guarantees that you will not suddenly dismiss or you unexpectedly not lose a certain amount on a particular investment, and the bank, nevertheless, will ask you a monthly mortgage payment. If you expire it, you will drive yourself into additional interest and as a result, find yourself in a very deplorable position. In general, before getting on credit, make sure that you lay at least some pillow in case of unforeseen circumstances.
4. You have no initial contribution
No matter how much you are offered real estate without an initial contribution, it is better to choose a standard option with the initial payment of a certain amount. And the more you can accumulate yourself without climbing into the bank piggy bank, the less your interest and less you will lose. Consider it.
5. Your income is not stable
If over the past few years you have often changed the work or if your salary depends on different circumstances that you are not able to predict, then the mortgage for you may turn out to be a Russian roulette. Freelancers and people whose income depends on individual projects should be accumulated on housing, and not take a loan on it.
6. You are not sure you want to stay in place
Many people like to live at different points of the city, and sometimes even in different cities and countries. They do not just like to do it, they are ready to live like that and are ready for such movements. Someone often moves because of work, other people study, others travel. In any way, real estate for you can be an extra load that you do not yet need.