How to get a mortgage from scratch? Mortgage financing is an excellent option, especially for those who want to buy their first home. When someone wants to buy a property, mortgage financing is an excellent alternative with attractive interest rates and affordable installments. It's the opportunity to own your own home by paying over a long period of time. It's a great facility for most of the population. You can skip by clicking on the minutes below: 02:39 How to prepare to finance a property? 34:07 Where to start looking for credit? Fintech x Bank. 49:22 How to get a mortgage from scratch ----------------------------------------------------------------- Follow the playlists on the Seja Best channel How to get a mortgage in practice: • How to get a mortgage in practice... How to get a loan online in practice: • How to get a loan with collateral... ----------------------------------------------------------------- Want to do a FREE simulation for financing or a loan with collateral of real estate? ▶ Website: https://seja.best/?utm_source=youtubemkt Follow us on social media: ▶ Portal: https://seja.best/portal/financiament... ▶ Facebook: https://www.facebook.com/bestcreditoi... ▶ Instagram: https://www.instagram.com/seja.best/?... ▶ Linkedin - https://www.linkedin.com/company/seja... ▶ Tiktok - https://bit.ly/3wdeWhv #homeequity #realestatefinancing #realestatefinancing How real estate financing works The first thing you should know is that to take out real estate financing, the ideal is to have an advisor who can find the best rates and conditions for you! The guarantee of this process is the property itself that is being acquired. Therefore, it is the fiduciary alienation that ensures the operation. Later on, I will explain this point in detail. The down payment for a mortgage loan will depend on the bank chosen. Some only cover 70% of the property, so the down payment must be 30%. However, it is recommended that the borrower offer as much as possible to reduce the installments. Finally, the installment will include the debt amortization installment, interest rate, insurance and administrative service fee. Above all, the installments and the outstanding balance will be adjusted by the TR (Reference Rate), but in some cases it can also be adjusted by the IPCA (Broad Consumer Price Index). Amortization In Brazil, it is common to find two amortization systems: the SAC Table (Constant Amortization System) or the Price Table (French Amortization System). SAC Table In the SAC Table, the installments start higher and decrease over time. Since the amortization value is constant, the outstanding balance decreases faster, as does the interest. This system is more suitable for those who can pay a higher amount at the beginning, softening future installments. Price Table The value of the installments is fixed throughout the contract. This system is recommended for those who have fewer resources available at the beginning of the financing. The great advantage is that the debtor will not have any surprises over time, but the financing ends up being longer and more expensive. Documentation You may be wondering which documents are necessary for the real estate financing transaction. It is important to remember that today each financial institution requests a specific list of documents, but here are the most common ones. First comes the CNDs, which are negative debt certificates. These documents confirm that there are no financial or procedural debts of the individual or legal entity. Therefore, the CND from the Federal Revenue Service is always requested. Another is the civil CND so that the banks have all the guarantees and do not run legal risks with the transaction. Regarding the property, you will need to present the registration with liens and actions to certify that there are no seizures on that property. In addition, you must also present the CND of the property's IPTU in order to know if the taxes have been duly paid. If you are buying a house in a condominium or an apartment, you must request the condominium CND.