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Let’s not get carried away by borrowing – Loans


The best loan is the most important feature is that relatively quickly and seamlessly get ? course obviously be cheap, at low installments részletű, but the most important thing is that we get, so we thought together key borrowing “banánhéjait”, ie the cardinal points, where we can slide.

We choose the wrong property

home loan

There are quite a few reasons why you cannot borrow a property. There are surprises in our small country, such as looking at a house that is not listed as a residential property. Undivided co-ownership can be solved at times, but it is a very macerated process.

It has also slowed down borrowing and even where it has been a deterrent when it comes to real estate, utility debt or common costs. This usually occurs if the previous owner did not pay properly. In this case, you must first settle this debt and then request a new unencumbered ownership certificate. And then the borrowing procedure can begin. And it’s not 10-20 minutes.

It is also often the case that the contract of sale is not well written . Usually this is due to the uncertainty that we do not know which bank will lend to us. However, this must be stated in the contract.

Each bank has a leaflet describing exactly what and how it should be included in the contract of sale. Let’s focus on that because it’s not cheap fun and wasteful money is a multiple contract change.

Not enough credit

credit score

There were many stories that the property was there, but we didn’t get the credit. There are several reasons for this, let’s look at the most common ones:

We didn’t know about it, but we were on the KHR list. This means that we are not a good debtor, and almost all banks immediately cancel their contract with us. In such cases, it is worthwhile to settle our debt immediately. We’ll wait to get off this list. Only then can we take out a home loan .

Another common mistake is that we think we can take out, say $ 10 million , but in reality only $ 8. In such cases we are in a rather uncomfortable situation, since we have already signed a contract of sale and paid a deposit. In this case, we usually get a handkerchief.

Otherwise, we can solve these problems very simply well in advance. The solution is credit pre-qualification. All we have to do is just pop in the idea that we want real estate! Let’s go to the bank and get a credit pre-qualification.

This process is about looking at our financial capabilities, just as we were applying for a home loan . Although there is no real estate to buy, we will eventually know exactly how much credit we can borrow. And it will also be clear how much real estate we are looking for at what price. What’s more, it saves you time, because when you really buy a property, you don’t have to do it again.

Recommendation: Be sure to do a credit pre-qualification! We can only win with it.

Prepare yourself well

As you can see from this brief entry, there are many places in which we can fail our credit, including the home we looked for. If you look at it properly, credit pre-qualification can be the key to everything. There are so few people who use it, yet it simplifies this otherwise complex process. Contact us as soon as possible! If you have a question or need help, we are here to help.

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