Such is the irony. As a result, the client might get the feeling that he cheated, but it will not be so. As the borrower may violate the terms of the contract, they know everything. Moreover, the loyalty of financial institutions in creating these tandem can reach such proportions that they are ready to offer our potential borrowers loans at favorable interest rate, which will be issued against collateral in the form of real estate under construction. The Bank is also a possible violation.
However, it is not strange looks, but this specific category of people in our country are very inclined to commit rash and spontaneous actions, which ultimately lead to the financial collapse or destitute. The only problem may occur if you want to refinance a mortgage. Thus, both the lender and the prospective buyer of country property can be fully confident in the cleanliness of the documents on the lot under construction.
And it's perfectly legal, but completely unfair. And when the amount of own funds is not enough, in this case people suffering from creditmany, begin to contact the banking organization. However, even then it will be necessary to observe a number of important formalities, among which is the fact that cost of urban real estate serving as collateral must not be lower than the estimated amount of the loan. This is due to the fact that many men are 30 years of age suffer cravings for expensive and new cars, and as practice shows, in most cases, their financial capacity is not the same appetites. For example, if representatives of the credit institution's opinion, the loan was obtained by fraud, and they can prove it in court, the borrower may be required to pay the full amount of the debt immediately. In this case, having accepted the inheritance, you have a chance not to pay for someone else's loan, and become only the rightful owner of the property. In addition, the real estate that will serve as collateral, should not be prescribed to minors. According to financial analysts one of the most popular tricks of financial institutions advertising their own loan products are so-called interest-free loans that are issued to potential borrowers in times of celebrations such as new year or Christmas to buy expensive gifts to their relatives or loved ones. However, even then it will be necessary to observe a number of important formalities, among which is the fact that cost of urban real estate serving as collateral must not be lower than the estimated amount of the loan.