What is a mortgage loan simulator?
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A mortgage loan simulator for banks helps you to anticipate the conditions that your future mortgage will have and to compare between the mortgages offered by the main banks so that you choose the option that best suits you.
The mortgage loan simulator allows you to calculate the amount of the monthly installments of your future mortgage based on the repayment term, the years you have and the total amount you wish to receive for your mortgage.
It is a very simple tool to use and a great help to establish a payment plan for the next 36 months based on your income and expenses before embarking on this new project.
But how does the mortgage loan simulator work?
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The operation of the mortgage simulator is very simple, you just have to enter the variables that define your economic situation and you will receive a range of offers from which you can compare and choose the one that best suits you.
The steps are very simple:
Indicate how old you are when you start paying your mortgage
The repayment system in which you want to pay your mortgage
The type of rate (fixed or mixed)
The net income you have
The value of the property in pesos ($)
And you know the maximum amount you can access depending on your situation.
It is a personalized service that allows you to establish the conditions that best fit your economic situation and also have the advice of a manager who helps you with all the procedures and advises you throughout the process so that no inconvenience arises and helps you to plan your fees so you don’t have delays with your payments.
You can calculate your mortgage according to two types of rates: adjusted for inflation or variable rate that have a fixed period during the first years and another variable. You also have the possibility to estimate the behavior of your mortgage based on three types of possible scenarios: optimistic, moderate and pessimistic. In this way, you can anticipate the possible economic difficulties that arise during the payment of your mortgage.
Once you have completed all the steps, the mortgage simulator shows you the most relevant options of Argentine banks according to the variables you have entered
Steps to use our Mortgage simulator
The first step only asks you to fill in the data corresponding to the property you wish to acquire: the value of the property, the savings you contribute, the type of housing, etc. And you continue to the next step.
In this step, you only have to enter the data of your current employment situation, such as the type of contract you have or the seniority in your job, as well as the monthly income. Click on continue …
Finally, fill in your personal and contact information so that we can personally send you the mortgage proposals that best fit your situation. You accept the terms of service and you can press the Finish button.