
Mortgage duration: the longer the duration of the mortgage the shorter the monthly fee is, but the greater are the interest that we will have to pay to the bank.
Commissions: there are large numbers of committees for different concepts, and we will need to properly analyze them all.
Additional products: in some cases banks force us to hire additional products for better terms. In these cases it will be very important to calculate the actual cost of such a derivative product.
My Personal Advice:
Be aware for the low monthly fees associated with long-term mortgages (40 or 50 years). In these cases, the interest that the bank takes is enormous, depending on the interest rate and duration you can end paying between 2 and 3 times the actual value of the house.
Talk with the Mortgages specialists if you need more help.
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