That sounds illogical, but the lower the interest rate, the longer a home buyer pays off a loan. The maturing life insurance. Familiarize yourself with the topic to get a good deal. applicable risk rules should not be maintained. Do you already have a strategy how to fix that?
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Mortgage loans for the purchase of real estate
We agree with this important principle and do everything we can to ensure that our clients receive the most favorable interest rates for their mortgage-backed loans. Our staff will take care of everything related to the loan – completing the documents, negotiating with banks and any other institutions that have a relationship with them.
In a strong competition to each other, the individual banks are only concerned about more customers. The usual repayment period for a loan is about 30 years, but some banks also grant their customers mortgage-backed loans with a 35-year term extension. The age limit for the borrower is 65 years, for some credit institutions 70 years, where the borrower proves his income by submitting the required documentation of the income received by the principal bank.
The individual banks have special requirements for the documents to be submitted. Depending on the needs of individual banks, the interest rates are between 6.45% and 14%. During the entire credit process (document processing, allocation of funds, credit management), credit institutions charge the borrower certain fees, eg fee for document processing, fee for property valuation, etc.