What do you need to request a mortgage?

• Having savings: Currently it is very complicated for banks to finance 100% of the mortgage. This is why you should have enough savings when you ask for a mortgage, at least 25% to secure a loan.
• Stable work that ensures income: The most important requirement and the first thing that our bank will be fixed in our work situation. Having a fixed and indefinite job that also gives you good income will be a reason for confidence for the financial institution.
• Credit history: That we do not have any non-payment and that we are not on any list of defaulters will also increase our confidence in our bank. If at any time in our lives we have had debts, it will be difficult for the bank to believe that this can happen again.
• Have an endorsement: Being able to offer an endorsement gives certain guarantees and peace of mind to our bank, but we must bear in mind that the guarantor is responsible for the mortgage debt in case something does not go as we expect. Without a doubt it is something that you have to think about.

As we have said, each bank has its premises and conditions, but these are the bases that you must have clear when going to a financial institution to request a mortgage.