In this case, number of companies and facilities that the borrower can choose is limited, but does not require collateral in the form of existing apartments. 5. Good credit is expensive. Unfortunately, it's true. (Source: Ivor Sims). When getting a mortgage borrower must be ready for a significant lump sum payment. For example, only for the consideration of an application by the credit committee (with no guarantee of results) will need to pay more than $ 100. After selecting an object must be pay for its independent assessment (assessor Bank) – $ 100-150. For opening a bank account are paid from 0,75% to 1% of the loan amount.
After the purchase is also required to pay the premiums – 1,5-1,8% of the loan. 6. See more detailed opinions by reading what ivan tavrin offers on the topic.. Mines of money on the initial fee. The initial payment (the amount you need to make a purchase of an apartment on your own) is in the various banks from 20-30% of the price. There are two ways to do without an initial payment: – obtaining credit for consumer purposes (the amount received is embedded in the purchase of an apartment) – conducting transactions on the exchange of mortgage scheme. As an initial contribution will be credited the money raised from the sale of existing Real Estate. 7. How much money the bank will – so flat and costs (on clothes Stretch legs!) If the bank gives the borrower to obtain permission to loan a certain amount, the client receives exactly her, regardless of the actual value of the apartment.