Mortgage credit with green receipts

Purchasing a home through a home loan is a process that requires care and attention, which finding the best financing conditions from financial institutions can make everything more accessible. When we talk about mortgage loans with green receipts, the process can be a little more detailed, however, it is not impossible and is one more solution.

For the modality, take into account factors such as guarantees, history and effort rate, these play an important role in this possible solution. There is a need to demonstrate to the financial institution the specific situation on the part of those who intend to acquire a property, demonstrate that even with green receipts it is possible to enjoy financial stability and security.

Professional instability is not the only factor that will influence the approval or rejection of your home loan. Since it has a more unstable professional situation, the financing provided by the bank may be of lower value and the spread may be higher.

Take into account three factors such as:

#1 Effort Rate
The ideal effort rate is 35%, in this sense the bank will carry out an analysis of its income in the same year.
The intention is to understand whether the disposable income after subtracting all expenses will correspond to the payment of the installment at the end of the month.
A suggestion is to use online simulators and consider which fixed expenses you can mitigate in order to increase income.

#2 Warranties
Due to the instability that can be transmitted to banks, the solution is to present guarantees, such as a credible guarantor or a mortgage on a property as a double guarantee. As a down payment, present equity that allows you to go above the usual 10% of the value of the property.

#3 History
It is important that you have a "clean" history, this factor will provide the bank with a higher level of trust. Defaults demonstrate the complete opposite, creating insecurity when assigning a home loan, whether they are defaults on payment of the installment or current debts.
Consider before moving forward with home loans, it may be better to stabilize financially and then move forward. This time step may also be a chance to increase your income, as the financial institution will analyze your situation by monthly income.

Purchasing a home through a home loan is possible while working independently, just take these three important factors into account when making the decision.

Sources: SUPERCASA and Freepik