One of the main goals of each person is to get a home, but the money saved is sometimes not enough to buy the home of your dreams.

That is why mortgage loans were created; these are loans that banks give so that people can raise the money needed to purchase the property. Each institution have different financing schemes to suit the needs of each person, as guarantee, the bank generate an encumbrance to the property, which will be undone when the debt is paid.

To request one of these credits is recommended to answer some questions previously, you must be honest with yourself so that during the period in which you have to pay the loan, your credit history do not be affected.

First, you have to make an exact account of your income, from the total subtract all your expenses, How much money would you be able to separate to pay the loan? Talking about your expenses, Have you ever been delay with the payment of any of them? If the answer is yes, you should analyze why of this, maybe it's because you forgot to pay on time, lack of organization or lack of money, you have to analyze your own experience with those small payments which, although they may be small are mandatory and in case that you don’t pay can generate problems.

Focusing this to a bank loan, the consequence could be severe; nonpayment starts to generate interests, increasing your debt and making more difficult the payment of it, thus a bad credit history is generated, reaching the point of risking losing what you already considered your heritage.

There are different types of loans and the fees to pay are stipulated in a contract, payments may be small amounts with an increasing rate or payments and rates fixed.

Remember, a mortgage should not become a burden, on the contrary, should be an viable and positive alternative to achieve acquire your estate, so the fees payable should not cover more than 30% of your income, consider that payment will not be for one or two years, is going to be a payment for a lot of years, a payment that you will not be able to avoid.