The Series Condominium

Buying a home is one of their own after a few people to buy with cash. Most will need to buy based on the amount of storage. He is down The rest is usually a large sum of money that home buyers often ask for a loan made. But the problem is that some people do not get credit in my life. It may not be apparent in everything. Since the evidence required for the loan to the lender. Get the waiting period The criteria considered in the bank lending for housing and so on. To provide information to home buyers and decision support for those who are new to the residential loan.

The main question:

1. In addition to the loan to buy a house now. Borrowers can borrow money for housing other company?

Also, “to borrow money to buy a house”, including the purchase of land. Or condominium, the Borrowers can apply for loans to buy homes and many other aspects.

1. To buy land to build their homes in the future.
2. To build homes on their own land.
3. For expansion or repair their buildings.
4. To pay off debts related to housing.
5. Homes for redemption of debt from financial institutions.

In general, “Mortgage” at financial institutions. Let the Microfinance loans are usually covered. As mentioned above

2. Why is the bank loan interest as well. The annuity is different?

There are many who consider buying a home loan rates of financial institutions. I found that some of the loan interest rate is equal. Why do a monthly annuity is different. The fact is that The borrower in a low interest rate. Borrowers will pay for it. But there are risks associated with the payment later. If the interest rates would rise. And the monthly annuity payments, the borrower can not pay the bank interest. The Bank would have a higher annuity payments and let customers pay more than ever before. Sometimes if the rate is much higher. The borrower is unable to make payment of the increase. And symptoms that “The shock of the annuity that increases” (Payment Shock) pose problems for both the borrowers and financial institutions that have a debt to the subsequent increase. So if the borrower a floating rate loan in which the interest rate is low. So be careful in this case too. However, to help customers and prevent the above problems, although banks. Will be announced by the real interest rate. However, there are some banks use to calculate monthly payments for debt repayment (Monthly Repayment) of charge from positive real interest rates by 1-3%. Therefore make annuity payments may vary for each bank. The interest rates announced by the same amount. GHB is used for the calculation of the period for payment monthly. Case of a floating rate Charge, the real interest rate plus 1% of the annuity does not increase as a result of the borrower whatsoever. The contrary, they can be useful too. If interest rates increase later. Not to return the money was not enough to break the bank will not have to inform the customer to add payment. Which are owed a debt problem easily. But if interest rates do not rise in the lower back or annuity paying customers than it is to cut more principal. As a result, debt faster than that specified in the Loan Agreement, such recovery may remain for 20 years, 18-19 years, and so on.

3. The bank lenders have long since. 10-15-20-25-30 year should be a long recovery are good?

When home buyers wishing to borrow money. Always questioning myself to recover in any good. So, if the borrower is unable to repay the loan as quickly as possible, it is better only because the borrower is free. However, some borrowers who want the loan is quite high. While the ability to pay is relatively low. If this is the need to extend the loan for as long as 25-30 years, to be reduced to the point that annuity installments due on the loan as well. Interest rate equal installments will take longer. Annuity would be reduced, for example, 1,000,000 baht loan recovery period of 20 years at an interest rate of 8% per year repayment period.

Number of years	10 years	15 years	20 years	25 years	30 years
Annuity (THB)	12,132	9,556	8,364	7,718	7,337
Annuity reduced compared	0	2,576	3,768	4,414	4,795
Reduced if the loan term up to 5 years	0	2,576	1,192	646	381

Incidentally, if the required repayment period is the period of 15 years or 20 years if we see that the immediate future, they may have to pay a surcharge within the family. Financial crisis could cause problems in installments. If you feel like it, to feel and be safe. The recovery period may be extended as long as it is not.

4. Lending rate between 1-2%, a significant difference, is it?

Current housing loan of different financial institutions. The floating interest rates ranging from 4.50 to 5.25% and two-year fixed rate of about 3.50-3.75%. It can be seen that the interest rate is only 1-2% is significant because it puts the burden on vacation there. Or relieve the installments not less. Finding a loan or a loan, the borrower must consider the financial institutions with the lowest interest rate. However, in addition to saving the installment will see of it. Borrowers need to look for other expenses such as fees, appraisal from the lender. And loan fees, etc.

5. Currently, banks Housing loan interest rates vary widely. It was time to do it?

Housing loan rates The banks are now offered with either a “floating rate” (Floating rate) and a “fixed interest rate” (Fixed rate) floating rate: The interest rate that determines it. Floats are not constant throughout the recovery period. The bank can be adjusted as appropriate. The liquidity situation in the financial system. Or the cost of the bank

Ref: http://www.reic.or.th/RealEstateForPeople/Topic-AdviceHomeLoan05.asp