To receive a mortgage loan today, it is necessary to possess not only the worthy salary, but also suitable appearance and even a sex, so let us find out what it is all about.
The one of the research companies has constituted an image of the perfect mortgage borrower which wouldn’t have problems with mortgage loan reception during difficult post crisis time. The ideal mortgage borrower, according to experts, looks as follows: the unmarried woman of 25-30 years or the married man of 27-40 years with good higher education. An ideal place of work is state companies or corporations. The candidate on a mortgage should have the high income. Besides, these borrowers should have enough accumulating to pay at once half of cost of mortgage apartment.
So let us consider the crucial points: Naturally, let start with the age: it is enough young men, people in the blossoming of forces. What are for today the most vigorous, successful in the market and, first of all, have distinct enough career destiny of promotion. The second moment. Why the man should be married? Abundantly clear that for him the fact of taking care of a family is important enough. Why unmarried women? Most likely, the business lady, it is unconditional.
However, this portrait has caused discussions among other experts. So, the editor-in-chief of one of the magazines notices that in practice banks study credit history, than the column about marital status more scrupulously, and trust married women more often. About unmarried, I haven’t absolutely understood why because when the bank inspects ability to meet payments of the client, it is considered and borrower and means of all family. Therefore and at the married woman if both spouses have the stable work confirmed with all inquiries, and this work either in a state sector, or in the company, where they wages and salary workers, and the company obviously isn’t going to fall. Nevertheless the woman unessentially should be unmarried. And married will fit too.
However experts converge that banks still pay attention to sphere of action of borrowers. For example, there is not a lot of chances to receive a mortgage loan at workers of real estate development companies and at individual businessmen. And in general ideal it is not enough for banks of potential borrowers, and the others, according to banks, aren’t quite unreliable.
The situation on a loan market also doesn’t cause optimism – financial crisis has led to almost complete turning of mortgage lending. Therefore those who had the luck to receive a mortgage loan, it is necessary to face rigid enough requirements from banks. The first down payment should constitute from 25 to 70 % from a payment amount, the borrower should have high level of incomes – in 2 times above, than payment under the credit, or no more than 40-70 % from a salary. A crediting period should constitute from 1 till 20 years.
Can you remember those good times when anybody could take a loan if one needed funds? And just imagine the situation of those who have to bear that load nowadays when the world economy is facing tough times. And for those people having loans the issue of credit monitoring is as urgent now as never before. It is not only about credit monitoring, this also helps save money, time, and nerves and be quick in solving loan related issues. Those who are looking for a place where to find out about credit monitoring, are welcomed to visit this credit report monitoring site – there is much information about credit monitoring and how to order the service.
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