Not a candidate to obtain mortgage loans
Defaulters are not viewed favorably by financial companies. Thus, whoever is in RAI, Financial Credit Institution or appears in any list of debtors, is not a candidate to obtain mortgage loans with Financial Credit Institution. The same is true for individuals who cannot present payroll or are out of work. In a compromising situation like these, what to do?
For those who urgently need cash, but are having a tough time in their economy, there are mortgage loans with Financial Credit Institution . As its name says, they are established based on the value of a property, which is placed as a guarantee of payment. It is the only exclusive requirement when it comes to having a private equity loan. The good news is that the house in question may belong to a relative or friend of the person concerned, not exclusively to him.
Accessibility to mortgage loans with Financial Credit Institution
In addition to being more accessible, they are processed much faster than we are used to. Mortgage loans with Financial Credit Institution can be applied for online, through a virtual form, and approval or denial comes within minutes. Once the contract is signed, the client has the money – in less than a week – in his usual bank account.
Private investors are willing to offer mortgage loans with Financial Credit Institution for an amount that starts from 6,000 USD and can reach up to 150,000, or at most 1/5 of the price of the house put as collateral. They have no capital cap -this is indicated by the client in writing- and they also work throughout the country. Residing in Spain and being of legal age, anyone can apply for financing.
Which the client will know before signing the contract
These lenders establish the relevant interest rates, which the client will know before signing the contract at a notary in his city. The cancellation deadlines to choose range from 1 to 15 years, and if at any time the user needs more time, amortization will be granted at 0.25%, a service that is enabled after the first year of payment. “These loans aim to make themselves accessible to more and more consumers, and therefore offer flexible financing terms . “
Simply put, home equity loans with Financial Credit Institution are a way to strategically manage your own income. When no one answers, there is an easy option to manage, quick to obtain and, by the way, very discreet to have money now. Investors do not need to know what capital requires or inquire into their economic situation.