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20 Creative Ways for First-Time Buyers to Save Money for a Home.

20 Creative Ways for First-Time Buyers to Save Money for a Home.

Planning to buy your first home? If you're a first-time buyer, you will no doubt know how difficult it can be to save for a home. In fact, putting a large enough home together can, for some people, be a significant barrier to homeownership. According to ATTOM Data Solutions, U.S. housing affordability in the last quarter of 2018 fell to its lowest level in 10 years. As home prices rise, the down payment required for the purchase also increases. But rising home prices aren't the only problem. Compounding the challenge facing first-time buyers is the fact that many are struggling to pay off student…
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What are the expenses when a mortgage is constituted?

What are the expenses when a mortgage is constituted?

The constitution of a mortgage involves the payment of a series of expenses that go beyond the payment of the monthly payment. Until the approval of Law 5/2019 regulating real estate credit contracts, most of these were assumed by the buyer. With the new regulations, the situation has changed significantly. In this post we explain who pays what when a mortgage loan is signed. Expenses involved in signing a mortgage Notary. Payment of the notary's fees for attesting to the formalization of the mortgage operation. Appraisal. Expenses derived from the process by which the value of a property is certified. The appraisal…
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