Spain Real Estate News
Access to housing is one of the biggest concerns for the youngest groups in the population. High prices, job instability and difficulties saving enough to meet the initial expenses derived from the purchase are obstacles that sometimes seem impossible. Help, in these cases, comes from youth mortgages.
...continue reading "Youth Mortgages: What They Are and What Advantages They Offer"
Access to housing is one of the most worrying aspects today. Prices, interest rates and the need to pay at least 20% of the home value upfront are just some examples of obstacles to overcome. To partially alleviate this situation, there are public aids to ease the buying.
These aids, granted by the different administrations, are of three types: guarantees to afford the home purchase, tax reductions and financial support for the mortgage.
Financing is one of the fundamental aspects when buying a home. Generally, banks offer mortgage loans that cover up to 80% of the property value, which requires savings to cover the remaining 20%. When you do not have that cushion, it is possible to obtain a 100% mortgage, but the requirements are much higher.
...continue reading "100% Mortgages: What They Are and What to Take Into Account If You Want to Buy Without Savings"