What can I afford?
Finding out what you can afford is one of the first steps to buying a property in Spain, which can be done by applying for a home loan and have it accepted. This step will help you narrow your search for both a neighbourhood and particular houses. The approval is a simple calculation that considers several factors, but primarily your income. The mortgage formal approval by the lending entity enables you to have a feel of the price of the property you can afford, knowing that, where approved; you will be able to borrow a percentage between 60% and 80% of professional valuation price.
