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7 things to check before you take an 8% mortgage
Preparing your paperwork does more than improve your terms — it can save you hundreds of thousands of tögrög a month.
СApril 28, 20266 min read
Г. Сүхбат
Financial advisor
An 8% mortgage is the biggest long-term financial decision most people make. A few days of preparation can be worth ₮200,000–400,000 a month in better terms.
What to prepare early
Verifiable net monthly income, a clean 24-month credit history, uninterrupted social-insurance contributions, and a collateral valuation are the items that move a bank's decision the most.
A word of caution
Heavily advertised "zero down payment" offers usually hide fees and a higher rate. Always compare the total amount you will repay, not the headline.
If the monthly payment tops 35% of your income, that loan is not "affordable" for you.
- Prepare your documents two weeks before you visit the bank.
- Cleaning up your credit history moves your terms the most.
- Keep the monthly payment under 35% of your income.
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