Being single is not easy in our country. If we go for a mortgage, it won’t be easy. Lonely people like us are much lower than married couples, but why is this so? The reason is very simple, namely risk. The banks assess the risk before they give us a loan. In the case of lonely people, the risk is very high, because if such a person loses his job, who should repay the loan? Situations in life can surprise us and you can never predict what will happen, and therefore this possibility can occur.
If the job is not a loan repayment, then a bailiff will appear and all complications will begin. In the case of a marriage where there are two people, the situation is different. If one loses his job, the other still has a change. That’s why the single is much harder to get a mortgage. In recent years, this has changed for the better, because in the past nobody ever wanted to talk to a single. Today, banks are a little more supportive of this, so if we want to apply for a loan it will be worth going to several banks. Then we will see if they have an offer for us that is able to satisfy us.
You don’t need to explain to anyone that if two wages count and it’s not even too high, can you fit in the limit more easily than when you are alone? You have to earn a lot, that’s why not everyone will be able to afford it. We have to convert everything and then we will find out if it is a loan for us or not. If we have large expenses, it will be more difficult for us to get a loan. At the bank, we can do this analysis very quickly and then we will find out which option is most suitable for us.
If you earn the national average, you can count on getting a mortgage loan of several hundred thousand zlotys. If someone counts on half a million then they must earn a minimum of five thousand a month. These are the amounts that many people have every month, but we must remember that the larger the loan, the higher the installment. If it turns out that we lose such a well-paid job, we will grow so much quickly that we may not be able to deal with it. This is how it looks in practice and such a solution must also be taken into account.
It will be easiest for us to use the mortgage calculator now. We indicate there that we are singles and how much we earn and we know how much credit you can count on. If nothing appears or the amount is too low, we won’t do anything. Our task will then be to start looking for a better paid job and then we will fit into these calculations and banks will surely give us credit. This is what it looks like, if you don’t earn a lot, you can’t count on much. Banks will not risk it because it can cost them too much.
The bank does not want our property back but only wants to pay installments systematically, because it earns money on this. We have to pay on time and then we won’t have any problems. There are no additional costs or interest, and for twenty or thirty years it can accumulate a lot and it should be avoided. Mortgage is a responsibility, which is why you have to approach it so responsibly. This is not fun but life.
Help from a financial adviser
If you do not know much about mortgage loans and you do not know if they will give us something or not, a good way to check it all will be a visit and a financial advisor. It will be a person who has several dozen credit offers. He has contact with banks and can send requests on our behalf. If the banks respond positively to the applications, then it will be possible to negotiate the terms.
Only a financial advisor is able to help us in this situation, because he knows what he can count on and what concessions the bank can go for. For sure, we will gain a lot from such cooperation because we are safe. The financial advisor is with us until the end, i.e. until the mortgage is activated. For sure, with the help of such an experienced person, it will be easier to choose a loan that will be very beneficial to us.
If you can negotiate the terms of the contract, you must do it and take advantage of this opportunity. Many people use the help of a mortgage specialist and are really very satisfied. We can also check what a visit to a financial advisor looks like and whether he will meet all our expectations.