You no longer have to go to a bank branch to get the first information about a mortgage loan. There is a lot of info about this topic on the internet. Websites are full of information, and of course also at the banks themselves. They only have an extensive website where you can go for information and simulations. With the latter you can calculate to the nearest cent what the loan will cost you per month. And how many costs are in addition to the capital.
Interesting or not?
And that makes a mortgage loan interesting or not, the costs that come with it. You have to pay them anyway, but the lower, the more interesting of course. Because that means that you can borrow more capital and have to spend less on costs alone. So make sure you compare as many banks as possible to find the lowest costs. Buying a home is a serious investment. It costs you a lot of money, a loan takes up most of your monthly budget. And then you have many other costs, such as insurance, renovations, materials and so on. So make sure that you have secured the loan with the most interesting conditions at the time of application.
Continue to compare until you find the mortgage that you want to buy your home with. And once you find it, you can go to a bank branch. Because for a home loan, there is a lot more to it. The bank will check whether you can handle the loan. To calculate that, you have to count on such a processing time of 2 weeks. You will then be informed by the bank whether you can borrow or not. That depends on the income and expenses that you have at that time. So a stable income and no other or few loans. Because you can only spend 1 / 3rd of your income on all loans together. This is to ensure that you can still live comfortably.
Bank will estimate
You will hear all the information in such a conversation at the bank branch. If it is an existing home, it is possible that the bank will first send an estimator. He must estimate what the property is worth and that will be aligned with the amount you wish to borrow. Even if you still want to do renovation work and want to borrow extra for this, then an estimate will be made of this. In this way, the bank has an idea of what exactly will happen and how much the value of the home will be. They do this if you can no longer pay back the loan, then they know how much they can sell the property.