
Bank mortgage – why is it difficult to get one?

The mortgage loan is very popular. No wonder this is a very attractive option. However, not everyone can use it. Banks carefully check the people who submit their application. If we apply for a mortgage loan at a bank, we must be prepared for the fact that it is accompanied by numerous formalities. We can’t do everything online, so you probably won’t go without a visit to a bank branch. We must remember that our credit history will be taken under the microscope. What else will be needed to confirm our financial credibility? Earnings certificate and failure to register in debtors’ registers. In addition, banks also offer mortgage loans. Unlike a mortgage, a mortgage can only be taken for a specific, specific purpose. What’s more, the goal must be related to real estate. For example, it can be renovation, construction or purchase of an apartment.
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As already mentioned, not only banks will grant us a mortgage. Non-bank institutions also offer us such a product. The advantage of this option is the ability to apply online. We can take out a loan without leaving home. Formalities are limited, which speeds up the entire application process. The amounts and period of crediting such a loan depend on the offer of the company with which we plan to cooperate. Usually we can receive up to 70% the value of the pledged property. The range of sums is therefore very wide, from tens of thousands to even a million zlotys, but the maximum amount is directed to people running a business. As a natural person, we will definitely receive smaller amounts, because we do not have revenues that would allow us to repay a loan of one million zlotys.
Private mortgage – money worth the risk?

Private lenders can be both natural persons and companies that do not operate as loan institutions. Advertisements with private loan offers can be found on internet forums and websites brokering such services. The offer is varied and we will find proposals for loans against real estate. Private loans usually involve additional costs that do not come from commission or interest. We are talking about operational fees that many lenders expect from us. These fees are his remuneration for activities related to servicing the loan agreement. These costs vary and depend on the amount of the loan taken out and on the duration of the contract. It is noteworthy that there is a significant difference between private loans and non-bank loans. It is mainly about the legal basis of the contract. If we want to become the clients of a loan company, we are obliged to sign a contract. In the case of a private loan, we may enter into a written or oral contract. Loan agreements between natural persons operate on the basis of the Civil Code. In turn, the content of non-bank loan agreements must meet the requirements set out in the Consumer Credit Act. This means that the conditions are clearly defined and understandable to the customer. In the case of contracts signed with natural persons, unfortunately we do not have this guarantee.
Loan against third party real estate

An attractive option may be a third party real estate loan. This solution is proposed by some banks, similar offers can also be found in the non-banking sector. Rapida Money is willing to grant us such an online loan of up to PLN 25,000 for a maximum period of 48 months. The condition is having a guarantor who owns the property and has a positive credit history. Such a person takes responsibility for paying off our debt. If we prove to be impeccable, the resident will have to pay our debt. This is a big risk for him. We should also think about the choice of our guarantor. When we decide on a married person, we need the consent of the spouse, and this can cause complications.
The quality of the guarantor
It is also worth considering the aspect of our guarantor’s age. A casual student or a retiree living on benefits is not the best option. This will be the case even if the potential guarantor has his own property. Lenders are reluctant to grant loans to both young people and the elderly. A loan against the guarantor’s real estate will be a good solution for us if we do not have a positive status in BIK. In this case, the service provider will take into account the creditworthiness of our girary.
Mortgage – make informed decisions

A mortgage is a very good option, but you should be well prepared to make that decision. Calculation and careful planning will help us choose the right time to commit.
In turn, the choice of service provider is also important. Applying at a bank or loan company will always be safer than a private loan. The risk that accompanies cooperation with a private lender is mainly due to the fact that we cannot verify it accurately and the loan agreement is based on the Civil Code.
threats in mortgage loan
Before we decide to take a mortgage, we must be aware of the risks that may be associated with it. If we are unable to cope with the obligations, we will lose the pledged property. Such a loan usually involves a large amount, and if we do not plan to repay it exactly, additional fees may exceed us. Unfortunately, despite many warnings, many people still do not read the contracts they sign, or do so superficially. It’s very irresponsible and can be fatal to us. When we sign a document that is unfavorable for us, we will necessarily have to adapt to its conditions.
Other types of loans secured by

Not all of us know that a loan against collateral need not only apply to housing. Other goods can also be our protection. A car loan is a very popular option. This possibility gives us, among others Autokapital. We will receive an installment loan there for the transfer of the vehicle. This offer is addressed to both individual clients and people running a business. The procedure is analogous to that for a loan against a flat.
loans for movable property
We can also take out a loan against movables. Kasomat prepared such an offer. We then receive a loan with security in the form of an object of our choice. The loan company does not provide specific information about what these objects can be. It is known that they must belong directly to the customer. The selected item should be very accurately described by us in the form. It is also necessary to send documents confirming his pledge. The loan amount will depend on the value of the item selected by us.
As you can see, there are plenty of attractive solutions in the field of secured loans. It’s important to know what’s best for us and how to use it.