Features of lending secured by real estate
It is difficult to even imagine a person who has never faced financial difficulties in his life. They can be caused by both lack of work and unexpected expenses on a particularly large scale, for example, buying a car or expensive digital equipment. Whatever the circumstances, financial problems should be solved with all possible promptness. A loan secured by real estate looks like the most adequate option in order to get a serious amount and dispose of it according to your decision.
Banking organizations actively promote a loan secured by real estate without a certificate of income, because it allows you to minimize financial risks. This category, mortgages secured by real estate, also applies to consumer loans. The latter can be targeted or non-targeted. Before using a loan secured by a house, you should familiarize yourself with the terms of its provision.
Loan secured by real estate: what do you need to know?
Many citizens who were dissatisfied with their decision managed to get a loan secured by property in banks. It is important to understand that the bank will never evaluate your property at its real value, so it will provide only 60-70 percent of the market price of a land plot or house.
If the borrower fails to repay the loan on time for the outpost of housing, then he will not only lose real estate, but also lose up to 40 percent of its real value, which makes such loans even less promising. The legal aspects of applying for a loan from a bank should be studied with all possible care. The Bank always reserves the right to sell a real estate object if the client does not fulfill the strict conditions for providing financing. To get money secured by real estate in the bank, you will need the following list of documents:
- passport and TIN code;
- loan application;
- income statement;
- a copy of the work record (notarized);
- marriage certificate;
- a certificate from the housing department about the registration of children in the apartment.
Also, bank customers do not have to rely on quick financing, even if they are satisfied with the conditions for receiving funds. Usually loans secured by real estate are delayed for at least a month. It takes at least 7 days to collect documents, another 10 days are needed to review the application and the same amount to register the transaction. It may take another 5-10 days to collect additional certificates. If an apartment is secured and a loan is urgently needed, then such terms of its provision are unlikely to suit the client.
What are the real alternatives to bank loans? A loan secured by a house can be obtained by anyone who takes advantage of the offer of a specialized financial organization. You just need to leave a request on our website, which will be considered in the shortest possible time. We issue a secured loan as part of a standard procedure, so the client knows in advance the full list of documents that he must provide before applying for a loan secured by real estate.
We are constantly improving our own service, and also make sure that the credit conditions remain favorable for customers. You can discuss all the nuances that a real estate loan involves with our manager. You will not have to wait in queues to submit documents. In addition, 99 percent of the company’s customers can get a loan secured by property, since the percentage of refusals remains minimal. All terms of cooperation are available on the website. You can take a loan secured by real estate from us with full confidence that the lender will honestly comply with the terms of cooperation.
visit our office in Kyiv; contact our staff by phone; fill in a simple online application form on our website. Receiving a sum of money takes from 2 hours to 1 day (if there is a minimum set of documents).