“Housing, a Universal Right”

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“How Much Should I Earn to Buy a Home?”.

The first requirement to buy a home is the salary, this depends on whether or not you can buy a property.

To know how much you must earn to buy a property you have to consider three things: mortgage payment, fixed expenses, and additional or sporadic payments. Many economists consider that it is not convenient to occupy more than 30% of the salary in the payment of the mortgage, although there are opinions of other savings specialists who consider a maximum of 35%.

In addition, the new owner of a home must have a significant saving for the not to mortgage 100% of the property, it is considered that paying between 25% and 30% on the value of the property in cash is advisable. And the ideal mortgage must have a maturity between 15 years and 25 years, depending on the age.

“Housing, a Universal Right”

Housing is a universal and basic right to social welfare, from Ecobanka we are committed to promoting equal pay between men and women. In addition, wages must rise each year in the same proportion as the cost of living rises.

In our job offers you can find the job with the salary you need to buy the house you want.

 

 

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