Are you going to build a house? Do you need financial support? See what conditions must be met to get a mortgage loan.
A mortgage loan without any certification is a great solution for people who need money, but would prefer not to use payday loans, and the mortgage loan could be out of their reach due to poor credit history. Real estate loans are becoming increasingly popular and it is hardly surprising, because it is one of the most friendly financial solutions available on the market. Why?
Who can apply for a mortgage loan
Virtually everyone can apply for a mortgage loan: natural persons and companies, the unemployed and pensioners, indebted persons registered in the Credit Information Bureau (BIK) and those against whom the bailiff is conducting proceedings, as well as farmers. The latter is a professional group, whose applications for credit very often are rejected by banks, motivating their refusal with uncertain collateral – the effect of farmers’ work depends largely on such an unpredictable factor as the weather.
A loan for what purpose?
The borrower can use the money from the mortgage loan for any purpose. So he can buy real estate for it (house, flat, but also recreational, construction or agricultural plot), finance current expenses, such as holidays, buying a car, buying home appliances, and build or renovate a house / flat / company headquarters. It is also worth noting that a real estate loan can also be used to consolidate several loans and to pay bailiff’s liabilities. Such a wide range of possibilities is in vain to be found in the case of a mortgage loan offered by banks – in this case the purpose of its taking must be very clearly defined, and in practice it is granted to finance the purchase of a property or a construction investment.
What about people with a negative credit history?
Banks do not grant loans to people with poor credit history in BIK, which significantly limits the group of their potential customers and means that many of the aforementioned groups can say goodbye to their dreams of this form of financial assistance. It is true that banks also offer mortgage loans, but the formalities for granting them are often even more complicated than when applying for a regular loan against a flat. It is necessary not only to evaluate the property and conclude an insurance contract, but also to deal with certain issues in court. Meanwhile, real estate loans offered by many para-bank companies simplify all formalities to a minimum, and the relevant documents can, of course, be completed online.
Loans without BIK
Mortgage loans are granted without checking the client in BIK and in other databases, without an income certificate (for lenders it does not matter whether the client works on a contract of employment, a mandate contract or a contract for a specific work or does not work at all) and without written consent spouse. The only condition for receiving such a loan is to have an appropriate mortgage, which can be a house, an apartment, a construction plot or any other real estate (the mortgage must be entered in the land and mortgage register).
Loan against a payday loan
A real estate loan is the perfect solution for anyone who is distrustful of payday loans , knowing that they can afford a longer loan repayment period. For these loans, it is between 20 and 30 years, with an average interest rate of between 7 and 9%. When spread over so many installments, monthly repayment should not have a drastic effect on the borrower’s budget.
Let us remember, however, that a real estate loan is a financial liability that also carries risks. If for some reason the borrower stops paying off his debts, the lender can ask the bailiff for help in settling the debts, and the total loss of client solvency may result in the lender taking over the property.
Real Savings Bank and secured loans
Real Savings Bank offer does not provide for a mortgage loan. First of all, the customer’s creditworthiness, whether he can present documented stable income and many other factors affecting internal scoring are assessed. An important aspect for Real Savings Banku in the case of granting a loan is also having a permanent residence in the territory of the Commonwealth, as well as reaching the age of 20 and having a potential client’s ID card.
Real estate loan
To sum up, a loan against real estate that can be obtained from a parabank company is an interesting proposition for people willing to return borrowed money for years. This form of borrowing does not exclude many customer groups, unlike a classic bank mortgage. Currently, loan companies have maximally simplified the process of granting mortgage loans and offer them without the need to submit any certificates – about employment or a strong credit history at BIK.