| M | T | W | T | F | S | S |
|---|---|---|---|---|---|---|
| « Jun | ||||||
| 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| 8 | 9 | 10 | 11 | 12 | 13 | 14 |
| 15 | 16 | 17 | 18 | 19 | 20 | 21 |
| 22 | 23 | 24 | 25 | 26 | 27 | 28 |
| 29 | 30 | 31 | ||||
.
Entries (RSS) and Comments (RSS).
| M | T | W | T | F | S | S |
|---|---|---|---|---|---|---|
| « Jun | ||||||
| 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| 8 | 9 | 10 | 11 | 12 | 13 | 14 |
| 15 | 16 | 17 | 18 | 19 | 20 | 21 |
| 22 | 23 | 24 | 25 | 26 | 27 | 28 |
| 29 | 30 | 31 | ||||
That financial institutions do not grant more loans mortgage interest is nothing new. However, neither in their interest to say things clearly and directly (because at the same time want to give them our money at a low price), have sought ways to say ‘no’ to those seeking new mortgages without being note too.
So far, the clearest and most direct way of refusing to give a mortgage on a shameful era raise the premium of interest added to the Euribor. Some entities, to reject the mortgages have been limited to a request of interest Euribor plus 2%, which completely unacceptable and miss back to the most courageous.
It was also customary to refuse funding for an amount exceeding 80% of the appraised value of a floor to force the customer to provide the remaining 20%, more logical and necessary expenses of writing (in some regions close to 10%) .
Others require hiring a life insurance for the entire duration of the loan in lump sum, that is, to pay the total amount of life insurance contracting for 25, 30 or 40 years, figures logically above 5,000 euros, added that part or all of the above, casting doubts over the launch.
However, some financial institutions still have one more twist. I understand that you have a savings bank has instructed its adjusters to reflect in their reports a price of building a 20% lower than calculated. In this way, the amount of the mortgage is so low that any customer can use it to buy a house.
Of course, the bank or has not told you not to lend money, only that its offer is only 80% of the valuation reflected in the report of a valuer ‘independent’. You, on the instructions given to the valuer knows nothing.
Anyway, if you encounter with this case and requests a valuation for a house of € 200,000, the assessor may find that the ‘value’ only 160,000 euros and that the entity provides only about 130,000 euros.
Of course, all this changes dramatically if you buy one of these beautiful apartments have sold up to 25 financial institutions. Euribor or more keys, just over 80% of the total assessed if necessary, and valuations by independent valuers adjusted. You see, if you buy a flat is because you do not want to buy it … who gives loans.
Posted in Uncategorized
.