Are you reviewing the different apartments for sale on the real estate market? You’ll undoubtedly find more than one that fits your needs and lifestyle. However, the quickest and easiest way to get your first apartment is through a mortgage. You may be thinking about applying for one What documents are required . Do you know what documents banks typically ask for?
1.- Identity document
An essential document for accessing a mortgage loan at any financial institution is the National Identity Document. This does not prevent foreign citizens residing in the country from obtaining a mortgage loan; they simply need to present their Alien Identification Card.
It’s important to note that there are different types of mortgage loans, bolivia phone number library and in some cases, this requirement may vary. For example, if you apply for a mortgage loan as a couple, the bank may also ask for the ID of the person you plan to buy the property with.
>2.- Service receipts
Another document banks usually request when applying for a mortgage loan is utility bills. The type of bill you provide isn’t very important; it can be for electricity, ss=”in-cell-link” href=”https://cnnumbers.com/how-crm-helps-customer-management/” target=”_blank” rel=”noopener”>how crm helps customer management and maximize sales water, or landline telephone. However, it is essential that it be the most recent one.
Furthermore, it’s important that the utility bill be personal. Keep in mind that the financial institution will be able to contact you based on the information provided in this document.
3.- Documents certifying income
Financial institutions will require you to meet certain requirements for a mortgage loan . For example, they will require you to have a good credit history to ensure you can handle the financial responsibilities you assume, which they will verify with the financial system.
Similarly, usa b2b list another important variable for financial institutions is your ability to meet your monthly payments. Let’s not forget that banks set a minimum income requirement to obtain a mortgage loan and will want to ensure that your income is sufficient to cover the payments. To do this, they will require you to provide documents proving your monthly income.
At this point, you should keep in mind that the documents you need to submit will not always be the same, as there are both dependent and independent workers. Therefore, it is necessary to submit the documentation according to the income tax categories.
Finally, it’s interesting to note that some financial institutions exempt you from submitting income certificates if you receive your salary from that same bank. This is a minimal benefit, but one that should be taken into account.
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4.- Certificate of seniority at work
Similar to the previous point, some banks not only need to know that your income can meet the monthly payments, but also whether you’ll continue to have that income in the long term. Let’s not forget that this is a process that can take up to 20 or 25 years.
Therefore, it’s common for these entities to ask you for a certificate of seniority. This must be issued by the company you work for. Typically, it requires at least one year of experience at the workplace.
5.- Self-assessment documents</h2>
Another document required for a mortgage is the property appraisal. These are the summary sheet and the urban property report, which detail information about you as a property owner and the characteristics of the property you’re purchasing.
These are generally optional requirements, but it’s important to keep in mind that some banks still require them. The municipality is the entity responsible for providing you with these documents.
Now you know some of the requirements for applying for a mortgage . Banks generally request the same documents. Try to gather them now and you can be sure that your process for accessing a loan will be faster and simpler.
Edifica Real Estate</em> offers you the best apartment and office projects located in the best areas of Lima and other cities. If you’d like more information about our projects, please contact us and we’ll get back to you shortly.