Los Montesinos Property for Sale

Number of properties: 2
  • Ref: VRE 4040
  • Bedrooms: 2
  • Bathrooms: 1

Apartment · Re-Sale · Los Montesinos
Spain - Costa Blanca South - Alicante
Alicante (South)

A South Facing, Two Bedroom, Top Floor Apartment in Los Montesinos, elaborately decorated with a great sense of space being some 90m2. Peaceful views to the green park area, just a few minutes walk to all the amenities this Spanish town has to offer: banks, supermarket, shops, bars, restaurants etc. The beach is just 15 minutes drive, along with the major town of Torrevieja, its...

€ 104.950 € 90.000 More Info
  • Ref: VRE 2599
  • 134 m²
  • Bedrooms: 4
  • Bathrooms: 2

Apartment · Re-Sale · Los Montesinos
Spain - Costa Blanca South - Alicante
Alicante (South)

This East Facing, First Floor, Four Bedroom Apartment in Los Montesinos is located in the heart of this beautiful and popular Spanish town. Situated within a few minutes walk of all this area has to offer, including a wide variety of bars and restaurants, shops, banks, supermarkets, gyms, bakeries, butchers, schools, and much much more. This extremely spacious property of some...

€ 124.950 More Info
See properties in Los Montesinos Property for Sale

Things to do if you want to know if you can afford to buy a home

One of the most common doubts that arise when we look at a home for sale is to know if we can afford it.

Many voices have blown our ears that it is better to buy than to rent, that renting a house we are throwing the money. However, during the economic crisis a lot of defaults came to the surface because many homebuyers bought above their means.

However, the current situation has changed. Now there is a real estate market with much more reasonable prices, and with some banks that now lend money to much more advantageous conditions. If your dilemma is to buy or not to buy, in this article we help you to calculate if you can pay your home. Because that's the main thing. Then whatever you decide is up to you.

What are your annual gross income? Well, if you know ... multiply it by four.

Investment in a home should not exceed the annual gross income of a person (or a family) corresponding to four years. That is, if you multiply your gross annual income by four, you will get the maximum price that you should pay for your home.

Do not borrow money for more than 33% of your income.

Another formulas commonly used in the financial system is the so-called "30% Rule". Under this unwritten rule, the total indebtedness of a person (or a family) should not exceed 33% of their income. That is, the mortgage fee must be at most 30-33% of your salary / income.

However, in this case, the concept of indebtedness does not refer exclusively to the mortgage rate, but also to the other monthly receipts that we may have for other loans and credits. That is, all of our loans must account for at most 30-33% of our income.

Try to add savings for 20% of the cost of the property.

Experts advise saving at least 20% of the price of the home as a guarantee to know if we can afford it. If you have savings and can pay cash up to 20% of the price of the house, experts calculate that you can cope with the investment, as long as you also comply with the first two requirements of this article.

20 Feb 2017
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Responsable del tratamiento: Vincent Properties Group S.L., Finalidad del tratamiento: Gestión y control de los servicios ofrecidos a través de la página Web de Servicios inmobiliarios, Envío de información a traves de newsletter y otros, Legitimación: Por consentimiento, Destinatarios: No se cederan los datos, salvo para elaborar contabilidad, Derechos de las personas interesadas: Acceder, rectificar y suprimir los datos, solicitar la portabilidad de los mismos, oponerse altratamiento y solicitar la limitación de éste, Procedencia de los datos: El Propio interesado, Información Adicional: Puede consultarse la información adicional y detallada sobre protección de datos Aquí.
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Responsable del tratamiento: Vincent Properties Group S.L., Finalidad del tratamiento: Gestión y control de los servicios ofrecidos a través de la página Web de Servicios inmobiliarios, Envío de información a traves de newsletter y otros, Legitimación: Por consentimiento, Destinatarios: No se cederan los datos, salvo para elaborar contabilidad, Derechos de las personas interesadas: Acceder, rectificar y suprimir los datos, solicitar la portabilidad de los mismos, oponerse altratamiento y solicitar la limitación de éste, Procedencia de los datos: El Propio interesado, Información Adicional: Puede consultarse la información adicional y detallada sobre protección de datos Aquí.
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