Step-by-Step Guide to Owning Your Own Home!

1️⃣ Organize your financial life

Before applying for a mortgage, check:

Credit score

Verifiable income (pay stub, bank statements or MEI declaration)

Possibility of using FGTS (Brazilian employee severance fund) as a down payment.

This increases your chances of quick approval and better interest rates.

2️⃣ Run an online simulation

Visit the websites of banks and fintech companies to run a mortgage simulation.
Compare:

CET (Total Effective Cost)

Monthly interest rate

Term (up to 35 years)

Installment amount

Institutions such as Caixa Econômica Federal, Banco do Brasil, Itaú Unibanco, and Banco Inter offer online 100% simulations.

3️⃣ Separate the documentation

Have the following on hand:

Document with photo

Proof of income

Proof of residence

Income tax return (if applicable)

For self-employed individuals, bank statements from the last few months are helpful in the mortgage loan analysis.

4️⃣ Submit the proposal and await review.

After submitting your data:

The bank performs credit analysis.

Assess ability to pay.

Confirm maximum amount financed

Some fintech companies offer pre-approved credit in as little as 24 hours.

5️⃣ Choose the ideal property

With approved credit, you can finance:

New or used apartment

Home ownership

Property under construction

Property for investment

It is possible to finance up to 80% or 90% of the property value, depending on the profile.

6️⃣ Digital signature and release

The contract can be signed digitally.
After registration at the notary's office, the funds are released to the seller and you begin making installment payments.

✅ Strategic Tip

If you already have an active mortgage, consider transferring your existing mortgage to reduce interest rates and monthly payments.
Also consider refinancing with real estate collateral to obtain capital at lower rates.