If you're looking to buy a home in Paraguay, there are a few things you need to keep in mind.
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Here are some tips to help avoid default on your mortgage:
1. Make sure your credit score is high enough. The higher your credit score, the lower your interest rate will be.
2. Get pre-approved for a mortgage before you go out looking. This way, you'll know what kind of loan you qualify for and won't have to spend hours negotiating with banks.
3. Avoid getting taken advantage of by unscrupulous lenders. Ask around for recommendations before signing anything.
Here are some tips on how to avoid some of the common pitfalls when it comes to home loans in Paraguay:
First and foremost, make sure that you have a good credit score. This will help you get approved for a loan more easily, and it will also mean that you will be able to pay back your loan without having to worry about being in trouble with your credit rating.
Next, make sure that you have enough money saved up for a down payment on the home that you want to buy. This down payment is generally around 10 percent of the total cost of the home, so it’s important to have enough money set aside if you want to purchase a home in Paraguay.
Finally, be aware of the terms and conditions of the loan that you are applying for. Many lenders in Paraguay require borrowers to have an annual income of at least US$50