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Ways to manage money at University time

During the university period the income is non-existent and at the same time the economic commitments and debt levels are minimal. The university students do not have in their priorities the control and the planning of the expenses and for that reason their money usually escapes from their pockets easily.

What they will most likely not learn in a university master class is that acquiring good financial habits during this stage will be decisive in defining the behavior they will have in adulthood in relation to money management. For this reason, it is important to consider these tips to avoid zeroing in financial behavior:

Set expenses

bank

Unless they originate from other places and must pay rent and services, most university students do not have a defined income item and their fixed expenses are practically zero. It is important to establish a cap of money for transportation, school supplies and food and of course allocate a certain amount to savings, in order to be prepared for eventualities.

Set limit to fun

Set limit to fun

If they feel that the money does not reach them even though they have lunch at home, do not spend on transport or rarely buy books, it is most likely that trips with friends on weekends are taking over the entire budget.

Be careful with debts

Be careful with debts

If you are a student and want to access any type of credit (credit cards for example) keep in mind that, although borrowing at the university stage turns out to be a good opportunity to start building credit history, you should do so responsibly avoiding All costs incur debts to cover daily expenses.

It is important to rent a home that is consistent with the needs and the money available. Do not compromise your other expenses by paying a whim that is not within your pocket.

Get the best 100% mortgages in the market in 2019

Are you looking for a 100% sales mortgage or 100% more expenses ?

If a 100% mortgage plus expenses is needed in 2019, it is possible to get it with our mortgage brokers if 80% appraisal (you can even reach 90% appraisal and 100% in 2019 if you are an official, in certain areas of Spain) allows it and you have a good economic profile, or if you provide a double real estate guarantee to mortgage next to the home that is purchased.

If it is possible for you to get a 100% mortgage, it will certainly be with the best mortgage brokers of 2019 selected by our team of economists. Leave your contact information without obligation on our form and a mortgage expert will analyze your chances of accessing a 100% mortgage loan this 2019:

Get a 100% mortgage in 2019

Get a 100% mortgage in 2019

Getting a 100% mortgage in 2019 is possible, but not easy: banks are tightening the concession criteria over last year. For certain groups, such as officials, it is even possible that the second limit of 80% of appraisal is exceeded, reaching 90% of appraisal depending on the home you want to buy.

The mortgage experts selected by our portal are able to obtain the best conditions for clients who only have savings to pay expenses and even for buyers without savings. In any case, before being mortgaged, it must be very clear that asking for a 100 mortgage must only be done if we have savings capacity, at least in relation to the fee we will pay. You always have to have a mattress of money in mind, to be able to be at least 6 installments, to be able to deal temporarily with the mortgage if at some point things are not going as well as we expected. Our mortgage brokers are the best when it comes to negotiating a 100 mortgage and getting the best financial conditions. But this does not prevent us from being the most responsible mortgages possible and form and inform very well of the obligations that we are going to contract.

100% purchase mortgage in 2019

100% purchase mortgage in 2019

It is possible to finance 100% of the purchase price at 80% appraisal up to 40 years provided that all customers are undefined, contribute expenses and the fee does not represent more than 40% of their income.

In cases where there are two who buy and one of them is temporary, the salary of the indefinite will have to be sufficient for the payment of the mortgage not exceeding 40% of their income quota. In cases where it is a single holder and also has a child, in addition to providing expenses as savings, the child will be considered an additional monthly expense of 250 euros. The term of the mortgage plus the age of the holders cannot exceed 75 years.

100% mortgage plus expenses in 2019

100% mortgage plus expenses in 2019

Apart from certain groups such as civil servants, who can access 100% financing plus expenses without providing additional guarantees (according to risk requirements that financial entities mark at any time), indefinites can access a 100% mortgage plus expenses in 2019 if they provide a double guarantee (a house free of charges that can be mortgaged, in addition to the house that is purchased).

In addition, if the client does not have adequate stability at the discretion of the bank, or the debt ratio is slightly higher than 40%, guarantors with stable work or pension with sufficient income are required.