Managing a home credit involves several financial decisions. This comprehensive guide explores crucial topics, from the possibility of no longer being a guarantor to the implications of early redemption of PPR for credit payment.
One of the most common questions that arises after taking out a loan is whether it is possible to take out another one for a different project. For example, buying a house and a car are among the most prioritized projects, and many people need to resort to financing to acquire both. But how can you know if you have the financial capacity for both?
The stress test applied by banks to clients' incomes applying for mortgage credit has been minimized, so that more Portuguese people can have their credit proposals approved. The measure imposed by the Bank of Portugal is now in force. Understand how it will work if you want to apply for a mortgage credit next year.
Looking to hire a home loan? We have good news for you: The Bank of Portugal (BdP) has eased one of the requirements imposed on clients, making it easier to access this type of financing. Understand what changes in the stress test required by banks in this article.
Your credit or credit transfer was rejected by the bank due to the exceeded DSTI ratio with stress? This ratio can lead to non-approval of financing, if it exceeds 50%. But, after all, what does it represent in credit and how can you work around it?