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New Housing Mortgages
Are you a foreigner in the Czech Republic looking to buy a new home or do you just want to invest in a property around here?
I specialize in helping expats secure new housing mortgages, whether you're new to the country or a long-term resident (from EU or outside of EU).
Each bank follows its own methodology when assessing mortgage applications from foreign nationals.
Foreign nationals usually have to meet stricter criteria to obtain a home loan. I will guide you through the process, ensuring a smooth and hassle-free experience.
The Real Estate Purchase Process Over Time
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Submission of the mortgage application and initial evaluation.
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Executing a property reservation contract and making a reservation deposit.
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Providing income verification and arranging for a property appraisal.
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Reviewing the preliminary property purchase agreement.
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Receiving mortgage approval and completing the loan documentation.
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Finalizing the purchase agreement.
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Accessing the mortgage funds after submitting a request for registering the mortgage in the property registry (once all disbursement conditions are met).
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Acquiring the property: Submitting the purchase agreement to the property registry upon full payment of the property's purchase price.
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Fulfilling any additional loan conditions post-disbursement.
Timeline to obtain a mortgage
STEP 1
Assessing the Loan's Impact on Your Current and Future Financial Situation
STEP 2
Evaluating Creditworthiness – Assessing Your Ability to Meet Loan Obligations
STEP 3
Scouting for the Ideal Property and Moving in!
Wealth creation and
goal-setting
I recognize the critical importance of wealth creation and goal-setting, especially when it comes to planning for retirement. Many financial goals revolve around ensuring your financial well-being in the future. Most of these goals involve financial resources, whether you're saving money for the future, investing it wisely, or preparing for anticipated expenses.
We have a choice when it comes to managing these financial goals. We can either set aside funds for the future, understanding that their value may diminish over time due to inflation. Alternatively, we can consider taking out a loan and paying interest when we could be earning interest on our savings. Or, we can proactively prepare for future expenses, which is the essence of goal-oriented financial planning.
How I evaluate my work is by assessing how your wealth grows over time and whether you are steadily working towards achieving your long-term financial objectives.
Budgeting
Budgeting is the cornerstone of financial health, paving the way for responsible financial management, debt repayment, and securing your financial future. It encompasses several critical aspects, including building an emergency fund, setting up life insurance, and allocating resources towards achieving your goals.
At its core, budgeting empowers you to take control of your financial life. It helps you determine how much you can comfortably set aside for savings, investments, and other financial aspirations. Moreover, it acts as a safety net, ensuring that you are financially prepared to face unexpected expenses or emergencies.
Budgeting isn't just about numbers; it's about making informed decisions about your money. When budgeting is neglected or erratic, it can have a ripple effect on all aspects of your financial well-being. However, when done systematically, it provides a roadmap for achieving financial stability, paying off debts, and reaching your financial milestones.
In essence, budgeting is the first step towards securing your financial future and ensuring that your financial resources are aligned with your life goals.
