Getting the first home loan is a very important goal and there are several factors to choose the most appropriate one. While the myriad of financing options available in Rome for first-time home buyers may seem overwhelming, taking the time to research the basic information and requirements for real estate financing can save you a significant amount of time and money. Relying on a real estate broker - credit broker in Rome is certainly indicated, in this way convenient deals can be concluded, considerably reducing expenses. However, it should be taken into account that a first home loan affects the standard of living of a family for the next 15-20 years. So every mistake made in the stipulation phases must be multiplied by the amount of the loan and by its duration.
Here are some questions about what first home loans are and how they work.
The cost of buying a first home does not end with the mortgage to be taken out for the purchase but we must consider the costs of taxes, appraisals, notaries, which are calculated in different percentages on the different amount of the loan requested. Many of these costs are reduced when the purchase concerns a first home by young people under 36. Let's see, therefore, what are the costs in Rome to buy a first home between taxes, costs and mortgage.
The law in Italy provides for the deductibility of interest expense and expenses deriving from mortgage loan contracts stipulated for the purchase, construction or building renovation of the main residence.
A common question for all of us when applying for a mortgage, for example a first home mortgage, and it's always the same: is the fixed rate or the variable rate better? There is no a priori choice that is better than the other, there is only one general rule to follow.
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Home Renovation Loans Are The Smarter Way…read more
An 80 percent mortgage is one that requires you to put down 20% of the price of the house, apartment as a deposit, and borrow the remaining 80% of the property value from a mortgage lender…read more
Find out how the advice of a credit broker - real estate broker in Rome can help you find your best mortgage for your second home... read more
Subrogation loan in Rome? - It's not difficult!
Transferring the loan to another bank in Rome brings many advantages and is less difficult than one might think. What do we need to know to subrogate the loan?...read more
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