Get a loan promise in advance
Get a loan promise before you start looking for a home. This way you will know exactly what kind of a home you can afford. In addition, you will have an upper hand as a buyer. The best homes are sold quickly, but as you have already agreed on a housing loan, you can make decisions quickly.
Getting a preliminary housing loan proposal is easy. The proposal preliminarily states the maximum amount of loan, along with the loan period and interest of the loan. The loan proposal does not bind you or the bank, but this way you will get an idea of the price level that suits you best.
For a loan promise, we need a more detailed report on your income and expenses, information on the property to be bought and on any additional security. With a loan promise, the bank commits to finance the purchase of the home under the agreed terms and conditions. The loan promise will be in force for one month and you can renew it easily.