Welcome to my “Commercial mortgage refinance”.
What is mortgage refinancing?
Conditions for refinancing mortgages
Refinancing mortgages of other banks: the best offers 2017
The most unpleasant part of the loan, of course, interests, which must be paid on it. It is interest that makes up the very amount of overpayment that arises in any type of lending. If he talks about a mortgage loan, then the amount of overpayment is especially significant. That is why very often borrowers are considering a variant of mortgage refinancing, the main purpose of which is to reduce the interest rate.
Conditions for refinancing mortgages
Refinancing mortgages of other banks: the best offers 2017
The most unpleasant part of the loan, of course, interests, which must be paid on it. It is interest that makes up the very amount of overpayment that arises in any type of lending. If he talks about a mortgage loan, then the amount of overpayment is especially significant. That is why very often borrowers are considering a variant of mortgage refinancing, the main purpose of which is to reduce the interest rate.
Refinancing a mortgage, or refinancing a mortgage is a new loan to pay off your current mortgage.
Borrowers turn to refinancing to:
lower the interest rate
reduce the amount of monthly payment
increase the loan period
change the currency of the loan
change the banking organization
Of course, the most popular goal is to lower the interest rate. To do this, borrowers turn to other banks that offer more attractive terms.
There is also the option of applying to your own bank with a request to lower the interest rate. However, your current bank will not do it without good reason. This can be either a general economic situation, when all banks sharply lower the rate, or your arguments, supported, for example, by the consent to give you a loan with a lower rate from another bank. In any case, there are many options for refinancing mortgages.
Borrowers turn to refinancing to:
lower the interest rate
reduce the amount of monthly payment
increase the loan period
change the currency of the loan
change the banking organization
Of course, the most popular goal is to lower the interest rate. To do this, borrowers turn to other banks that offer more attractive terms.
There is also the option of applying to your own bank with a request to lower the interest rate. However, your current bank will not do it without good reason. This can be either a general economic situation, when all banks sharply lower the rate, or your arguments, supported, for example, by the consent to give you a loan with a lower rate from another bank. In any case, there are many options for refinancing mortgages.
Conditions for refinancing mortgages
It is worthwhile to understand that refinancing a mortgage is literally a new loan. First of all, this indicates that the bank will necessarily check your solvency at the moment, especially if it is a new bank. For him, you will become a new potential client.
Of course, each bank puts forward to its borrower the basic requirements that concern: In addition, you should study all the special conditions put forward by a particular bank. Be sure to pay attention to those items that require additional costs from you:
real estate assessment, which can become a pledge for refinancing mortgages
consideration of the loan application, if the fee for such a procedure is set by the bank
commission for the issue of a loan, if it is established by the bank
withdrawal of security, which is a paid procedure
Thus, you should understand that the bank can refuse to refinance your mortgage and you will lose money that was spent on preparing the application. Of course, this is not how much a substantial amount, but if you add time to prepare special documents, a fee for issuing the required certificates, this becomes a more tangible factor.
As for the special documents, the new bank for registration of your application for on-lending will necessarily require the basic documents that you have already prepared for obtaining the current mortgage. As a rule, these are such documents as:
certificate of state registration of law
contract of sale, gift, etc.
an extract of their house book
reference HBC
explication
living plan
etc.
In fact, all the risks associated with preparing an application and related documents are justified by the savings that can be achieved through a reduction in the interest rate. Therefore, after you decided to refinance your mortgage, you must choose the most favorable offer from the bank
It is worthwhile to understand that refinancing a mortgage is literally a new loan. First of all, this indicates that the bank will necessarily check your solvency at the moment, especially if it is a new bank. For him, you will become a new potential client.
Of course, each bank puts forward to its borrower the basic requirements that concern: In addition, you should study all the special conditions put forward by a particular bank. Be sure to pay attention to those items that require additional costs from you:
real estate assessment, which can become a pledge for refinancing mortgages
consideration of the loan application, if the fee for such a procedure is set by the bank
commission for the issue of a loan, if it is established by the bank
withdrawal of security, which is a paid procedure
Thus, you should understand that the bank can refuse to refinance your mortgage and you will lose money that was spent on preparing the application. Of course, this is not how much a substantial amount, but if you add time to prepare special documents, a fee for issuing the required certificates, this becomes a more tangible factor.
As for the special documents, the new bank for registration of your application for on-lending will necessarily require the basic documents that you have already prepared for obtaining the current mortgage. As a rule, these are such documents as:
certificate of state registration of law
contract of sale, gift, etc.
an extract of their house book
reference HBC
explication
living plan
etc.
In fact, all the risks associated with preparing an application and related documents are justified by the savings that can be achieved through a reduction in the interest rate. Therefore, after you decided to refinance your mortgage, you must choose the most favorable offer from the bank
Refinancing mortgages of other banks: the best offers in 2017
Choose a bank for on-lending for mortgages, based on your goals: if you want to reduce the interest rate, then compare its size with different banks, if you want to change the currency, then evaluate which banks with what currency work, etc.
We want to suggest that you study the most favorable offers from banks in terms of interest rates.
13% per annum is offered by Tinkoff Bank.
At 12.50% per annum, the interest rate is set in several banks: Delta credit, BinBank.
Raiffeisen Bank offers mortgage refinancing at a rate of 10.90% per annum.
AbsolutBank set an interest rate of 11.75% per annum.
In addition, to choose the most beneficial offer you can use credit calculators and compare the proposed options.
Thus, we recommend that you explore the possibility of refinancing your existing mortgage loan. This will allow you to significantly save and repay your loan in the most comfortable financial conditions.
Choose a bank for on-lending for mortgages, based on your goals: if you want to reduce the interest rate, then compare its size with different banks, if you want to change the currency, then evaluate which banks with what currency work, etc.
We want to suggest that you study the most favorable offers from banks in terms of interest rates.
13% per annum is offered by Tinkoff Bank.
At 12.50% per annum, the interest rate is set in several banks: Delta credit, BinBank.
Raiffeisen Bank offers mortgage refinancing at a rate of 10.90% per annum.
AbsolutBank set an interest rate of 11.75% per annum.
In addition, to choose the most beneficial offer you can use credit calculators and compare the proposed options.
Thus, we recommend that you explore the possibility of refinancing your existing mortgage loan. This will allow you to significantly save and repay your loan in the most comfortable financial conditions.
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