1. Once that we have decided that we want to apply for a mortgage, before we should decide what will be our maximum loan, having into account our incomes and our expenses to calculate the maximum monthly amount that we can pay.2. We should ask for information to the different banks so that we can compare the conditions that they offer us, as well as the interest types and the commissions, etc. and decide which is the one that suits us best.3. Once that we have chosen the bank, we should provide it with some economic, personal and working information. This documentation will be helpful for the bank, so that they can check that we accomplish the requisites and value if we can support the payment of a mortgage, how much will be the maximum amount that they will grant and the conditions.
4. Once that all that information is provided, the financial entity will make an economic and financial feasibility study of the operation. Considering the amount requested, the period of time, our debt capacity, etc.5. The entity as well will ask for a valuation and verification of the state of charges os the property that we intend to mortgage to know the value and the registry situation of the property. We should pay for these expenses.6. Once that the negotiations have ended, we could request the bank the binding offer that includes all the financial conditions of the loan.7. The process finishes with the pertinent notarized signature of the public deed, the payment of the taxes to the pertinent tax office and the inscription in the pertinent Land Registration.