What advantages does a non-bank mortgage offer to buy a property?
A non-bank mortgage to buy a property is intended for all who have applied for a mortgage at the bank, but their application has been rejected for any reason – low income, low creditworthiness, entry in the debtors register. Although virtually anyone can currently apply for a mortgage, it is certainly not a condition to be granted to all applicants. Banks carefully choose their clients, examine their creditworthiness and subject them to a complex process – not everybody can go through the final sieve. Fortunately, there is a non-bank mortgage to buy a property with which a much larger number of people can fulfill their dream of owning a home.
A non-bank mortgage to buy a property, or what is it about?
A non-bank mortgage to buy a property is not so unknown. Currently, the interest in this financial product has grown rapidly, which may be due not only to its easy availability, but also to the relatively simple acquisition conditions. Basically, it is the same product that the banking companies provide under the name American Mortgage – you do not have to prove what you will use the funds for. A non-bank mortgage for the purchase of real estate is provided by non-bank companies.
Advantages of a non-bank mortgage to buy a property
A non-bank mortgage to buy a property hides a number of benefits. First of all, there are conditions for negotiation, which are many times easier than for a banking company – you do not have to prove income, you are not checked in the registers of debtors, you do not have to prove your creditworthiness. It is provided against the property pledge and the maturity period can be from 1 to 30 years. An important advantage is its settlement, which, unlike the mortgage contracted at the bank, does not last several months, but only a few days. This allows you to realize your property purchase plans much earlier.
Do you want to change your family budget? Take advantage of refinancing your non-bank mortgage Depending on the amount of the loan, you may also be granted a non-bank mortgage without a pledge A non-bank mortgage calculator quickly calculates your repayments Mortgage with execution, your rescue from auction The whole blog