Housing and Real Estate

When choosing a home insurance a point where we look at is in the water seepage, leaks and general water damage, as they are quite common and some insurers today do not have these coverages that may cause significant costs for damage to other floors or on our property.

Water leaks can happen due to defects in construction or age of the building itself that cause defects and can not be attributed to the constructor. The leaks usually occur in the rain that acts on the facade or window and go to the indoor humidity and producing a multitude of flaws in the paint, parquet, furniture, etc.

In the case of water seepage are many questions to be asked, for example, when the trouble started, if there have been reforms, if the source is to weather, breakage of pipes or gutters jams. These questions can clarify if the leaks were caused by negligence or defective construction and above all tell us who has the responsibility to rectify the defect.

Another important point is to analyze whether in addition to our home insurance may have some more to act as insurance against the community or some other neighbor.

We all know the problems that cross many families for not choosing a mortgage that truly fit their current and future economy, the Bank always recommends that multiply the current interest rate up to 5%. This simple operation warns against possible increases in the Euribor and we can see if you really serious in the future we can continue to pay the mortgage.

The mortgage loan
The feature to note in mortgage lending is that we offer as a guarantee of payment to the finance our home, thanks to this important guarantee banks can offer interest rates much lower than in other types of loans.

Mortgage loans have become increasingly necessary due to high costs were reaching the homes and also the costs resulting from its own mortgage. Save for these expenses and the entry of the building is something very important today, since the entities are hardly willing funded more than 80% of the value of the house if we do not present an endorsement.

The mortgage is most interested
Usually also choose between an interest rate fixed or variable mixed, there are other things in which we set ourselves such as our level of indebtedness. It is important not to spend more than 30% of our monthly income to pay the mortgage and this can be adjusted by changing the amortization period may reach 40 or 50 years in some entities.

The only product that should be compulsory to hire a home insurance, which may be formalized in any entity or insurer. Many banks require you to hire different products to offer a differential lower or respect him favorable conditions, it is at this point that we really should figure out whether it is profitable to hire a pension plan or for example use their credit cards.