New year, new home: Is it the right time to invest in a mortgage?

4 points to consider before hiring a home loan.

The beginning of the year is, for many, the ideal time to set goals and materialize important projects, such as buying a house.  

Opting for a home loan can be a good way to start the year, but it is essential to plan and evaluate if this decision is right for you.

Next, we present the points to consider when considering a home loan.

Market state and interest rates.

These two factors have a great impact on the decision to apply for a housing loan. Currently, the Euribor rates have been decreasing, making it a good time to consider a variable rate housing loan.

In the real estate market, there has been a continuous increase in house prices, but the beginning of the year may present less demand, creating opportunities to negotiate more competitive prices.

Evaluate your financial situation.

Before moving forward, it is essential to have a clear vision of your finances.  

• Initial deposit: Banks require a savings equivalent to 10%-20% of the house value. Make sure you are prepared for this commitment; 

• Monthly payment: The loan installment should not exceed 30%-40% of your net income (effort rate).

Compare the offers.

In the market, there are several housing credit options, and choosing the best one requires some research.

• Simulations: Use online simulators to compare installments, costs, and conditions.  

• Trading: It can be essential to seek support from a credit intermediary, such as Savings in a Minute, to find the most advantageous market conditions.  

Start the year with organization.

Moving forward with a housing loan at the beginning of the year helps you organize your budget and plan the next steps clearly. From handling documentation to choosing the ideal house, starting early avoids hasty decisions and allows you to take advantage of opportunities.

It is a process that requires financial planning and careful analysis of the available offers, but with the right steps and the right help ensures a successful deal. By using the services of Poupança no Minuto, you have access to continuous support that takes care of all bureaucracy and communication with banks, at no cost! Already simulate your housing credit and see how much you can save with the ideal conditions: [Poupança no Minuto](https://www.poupancanominuto.com/simuladores?utm_source=poupanca-no-minuto&utm_medium=artigo&utm_campaign=803-poupanca-no-minuto)