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The higher the credit score , the greater the chances of getting housing loan approvals. Knowing the score and knowing when it increases or decreases, and the educational content benefits those who want to understand their credit and the impact it can have on their consumption goals.  This makes it easier for you to organize your accounts, too. It is a complex formula that considers several factors described in your credit score report , such as: payment history: if you have an outstanding balance on your credit card or a non- companies, banks and financial institutions use a system that collects information from public records or data from credit protection agencies. The more you know what makes up your credit score, the easier it will be to keep that score high. Generally, public and negative registration information, such as: financial backlog, application of bad checks, lawsuits, bank debts, age, participation in companies, etc., counts for the punctuation. any d...

The home loan is a financial product through which a financial institution lends us money based on a real guarantee, which is our property (home, garage, storage room, premises, site, etc.). In case of non-payment, the entity may require us to collect the money owed through a judicial procedure and in the last case, it may be left with our home as part of the debt collection in full or in part.  The housing loan is a financial product that allows us to receive money in exchange for our personal commitment to return that amount, together with the corresponding interest, through periodic payments and placing a property as collateral. Banks can grant housing loans at a fixed, variable or mixed interest rate. Fixed interest rate: The interest rate and therefore the monthly payment to be paid remain fixed throughout the life of the loan . The advantage of this modality is that you will know in advance how much you will have to pay each month, without worrying about...

There are certain things in which most of the banks looks for approving loans and It is one of the main points that financial institutions look to decide not only to approve the application but also to determine their interest rate. Mainly, the better your payment history , the greater the chance that your application will be approved and have the best interest rate. If you have the habit of leaving accounts overdue or negotiate debts, even if you no longer have any arrears, you may suffer the consequences by having the credit disapproved.  Your employment relationship and your marital status are also factors that can influence when applying for a housing loans. This is why public-sector workers, who are more stable in employment, often find it easier to borrow a loan from a bank. At times when the economy of the country goes bad, banks may decide to grant fewer loans due to the pessimistic scenario.  This is because institutions seek to reduce the level of r...