A future renter will pay a fixed monthly rent, and also wants to rent a fixed-rate mortgage loan in order to repay the same annuity to the bank throughout the repayment period. He was stuck in the choice of the most suitable home loan insurance.
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Housing loan can be secured by loan companies with insurance from insurance company, with a mortgage or acquiring a guarantor. What type of loan insurance should you choose? Can you choose a monthly loan repayment loan by choosing the appropriate credit insurance? What should he consider when choosing a home loan insurance?
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The insurance company pays an insurance premium, but it undertakes to pay off its obligations to the bank in the event of Marjan’s default. By doing so, the bank insures that it will receive a repayable loan if Marjan can not repay it.
In this case, the bank will transfer its claim to the insurance company. By transferring a receivable to an insurance company, Marjan will now have to pay the loan obligations to an insurance company, no longer a bank. Each such case of recovery is treated individually.
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When we need a higher sum of money to buy a house or a dwelling and a longer maturity, we usually insure a home loan with a mortgage. Why? In the case of loans secured by a mortgage, the bank offers a longer repayment period than for the remaining collateral, up to 360 months (30 years).
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For this type of loan insurance, the following costs must be paid: the cost of valuation of the real estate which is the subject of the pledge, notarial charges and the costs of entry and cancellation of the lien in the land register and the costs of the bank.
In the case of securing a loan with a mortgage, the credit agreement will be concluded in the form of a notarial record. The mortgage constitutes the right of the bank as a lien creditor to repay the outstanding portion of the principal in the event of default of credit obligations, together with interest and costs from the sale value of the pledged property.
Marjan would pay for the monthly installment of a housing loan secured by a mortgage in the same way as insurance with the insurance company. The form of insurance does not affect the amount of the annuity. Nevertheless, the described costs, which are related to obtaining a loan and entering the mortgage, should be added.
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In addition to securing a loan at the insurance company and with a mortgage, Marjan could also opt for the third option. This is a secured loan with a wedding. At the guarantee, the guarantor undertakes to settle the obligations of the borrower with the bank if he / she will not be able to repay the loan. This form of insurance is suitable for smaller amounts of credit and shorter maturity. In the case of marriage insurance, the repayment period is limited to 96 months (8 years). The guarantor must be creditworthy and meet all the conditions of the bank. A bank may also request more guarantees for securing one loan to approve a loan. Guarantee is often an additional form of insurance even when mortgaged or insured with an insurance company.
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We invite you to consult a banker in loan company regarding rental and insurance of a home loan. We recommend that you subscribe to the consultation and coordinate the date and time of the consultation.
How to choose the right between different loans?
Did you find yourself in a situation when you need a certain amount of money urgently and immediately, for which you do not have enough savings or do not even have one? The solution can be a suitable loan. loan company offers loans for many purposes. Wondering how to choose the right one in a given situation? In order for your decision to be appropriate, read out below for what specific loans are appropriate, when to hire them, get to know their characteristics and benefits.
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Gregor, as every morning with his car, went to work, and suddenly the warning lights on the dashboard turned on, and in the engine they smoked. A cold walk overwhelmed him at once, knowing that the repair would be expensive. He can not wait for repair because he needs a car every day, but his salary is still far away. Now what? In loan company we came to help him with the granting of an extraordinary limit.
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The extraordinary limit is intended to cover one-off costs for unexpected costs that exceed the monthly inflow. You can apply for it to users of personal accounts Aračun, Aračun Senior, Premium and Akeš, who have received at least three regular monthly inflows into account.
An extraordinary limit is secured by an insurance company, but also with a pledge of a deposit or a guarantor. The amount of the extraordinary limit depends on the amount of your regular monthly inflows, and you will pay about the limit of about eight percent *. You repay it within 12 months, but it should be noted that the bank also charges approval and management of the limit.
In the cold winter, the young family stayed warm.
Jasny and Erasmus were born in December. The parents were shortly after birth to a new big test, because the heat pump was broken in the house. The heat pump had to be replaced immediately. However, since this high cost was not expected, it was urgent and quick to take out a loan. The solution for them was to hire a quick loan, as they needed some 1000 dollars in the shortest possible time.