New year, new house: Is now the right time to invest in a mortgage?

4 points to consider before taking out a home loan

The beginning of the year is, for many, the ideal time to set goals and realize important projects, like buying a house.  

Opting for a mortgage can be a good way to start the year, but it is essential to plan and evaluate if this decision is appropriate for you.

Then, we present the points to consider when considering a home loan.

Market conditions and interest rates.

These two factors have a great impact on the decision to apply for a home loan. Currently, the Euribor rates have been decreasing, so it is a good time to consider a home loan with a variable rate.

In the real estate market, there has been a steady increase in house prices, but the beginning of the year may have less demand, creating opportunities to negotiate more competitive prices.

Read also: House prices will continue to rise in 2025

Evaluate your financial situation

Before moving forward, it's essential to have a clear view of your finances.

• Initial entry: Banks require a savings equivalent to 10%-20% of the house value. Make sure you are prepared for this commitment;  

• Monthly installment: The credit installment should not exceed 30%-40% of your net income (effort rate).  

Discover: Mortgage Credit: How to know if I have financial capacity?

Compare the offers.

In the market, there are several housing credit options, and choosing the best one requires some research.

• Simulations: Use online simulators to compare installments, costs, and conditions.

• Trading: It can be essential to seek support from a credit intermediary, such as Poupança no Minuto, to find the most advantageous market conditions.

Read more: Are you hiring credit? Get to know the intermediary elected Product of the Year 2025!

Start the year with organization

Moving forward with a housing loan at the beginning of the year helps to organize your budget and plan the next steps clearly. From handling the documentation to choosing the ideal house, starting early prevents hasty decisions and allows you to take advantage of opportunities.

It is a process that requires financial planning and careful analysis of the available offers, but with the right steps and the right help, it ensures a successful deal. By using the services of Poupança no Minuto, you have access to continuous support that takes care of all the bureaucracy and communication with the banks, at no cost! Simulate your mortgage now and see how much you can save with the ideal conditions: Poupança no Minuto