Post-contract management of mortgage credit: What you should know.
Learn all about home loan management, after signing the contract.
Having a contracted home loan implies numerous financial responsibilities, as well as being a guarantor of one. By being a guarantor of a loan, if the holder fails to make the monthly payment, the guarantor becomes responsible for the debt. It is important to take this into account when contracting one or more loans.
If you encounter difficulties in paying credits, know that you can reduce the amount you pay monthly in the short term, resorting to grace period or capital deferment, two processes that allow you to "push" a certain amount of debt to the end of the loan term.
In case of having credit denied, note that it may have been due to the DSTI factor - Debt Service-to-Income - which indicates the financial effort of a client regarding the settlement of a debt.
Discover more about all these topics in the articles below.
Related Articles:
- Mortgage credit: How to stop being a guarantor?
- Second mortgage: How does it work?
- Home credit: What does capital grace period and deferral mean?
- Credit refused by DSTI? Find out what this concept represents. (Translated from Portuguese)