Here the trick is in making a good planning financial, so that their times of income agree with those of the payment of the hypothecating loan. 3. It distinguishes the class of quotas. The quotas of amortization can be constant, increasing and decreasing. The banks supply the constant quotas generally and this one is accepted by the borrowers. In spite of which it can interest to him plus a decreasing quota or flood. Examples of it would be: If you arrange a hypothecating loan, perhaps of long temporary duration, in the years of amortization she is whereupon on the occasion of their retirement, their income are going to be reduced; if it is therefore quota interests him plus decreasing, it will pay more at the outset (moment in that you have more economic resources) and will pay less in the end (when their income are smaller). We suppose that at the time of subscribing a mortgage you have many expenses, for example is paying the letters of car, and that these expenses are going away to reduce in the future next, will interest to him but the increasing quotas, thus now that when has less money pay less, and it has more liquidity, of to have cancelled the letters of the car, it will be in favor in better conditions for confronting the payments of the hypothecating credit.
4. It determines duration of the mortgage. We leave from an idea that by simple, is still important. Whatever more SMALLER duration has its mortgage will be quotas, but MAJORS will be the total interests that will pay. So that the interesting thing is to find a point of balance in the temporary period to subscribe.
The improvement form to be able to make this decision is by means of the request to its bank of a PICTURE of amortization of the loan. So that studying this one and seeing the quantity of the quotas that is able to pay, it can determine the smaller term of time, to be avoided interests. There are occasions in which the banks are reticent at the time of facilitating that picture of amortization, but you are in his right plenary session to obtain it so she insists. Typical banking excuse is the one of to argue that since the interests are variable the amortization picture can change in the time. This is certain, but even so, it is possible that the bank makes a simulation to him of that picture, although is left from the assumption that the interests do not vary, so that you make the decision to determine the time of amortization. In summary to decide on the best hypothecating loan, we must take care of a: a) The TAE of loan b) The temporary term of the quotas. c) The type of quota, constant, flood, decreasing.
