The reimbursement of already spent money for the solution of the housing needs is based on the fact that the client takes the loan only after he has already paid the event . For example, he paid the apartment in cash from the money temporarily lent to him by his parents and needs to return it to them soon. However, there was no time to deal with the loan before buying and it was necessary to act quickly.
How the repayment can be financed
1 / Building savings loan – a very expensive option at today’s prices and interest rates. Suitable for small loans up to USD 200,000, or if the property cannot be pledged.
2 / Mortgage loan – the most common form, especially for higher loans. Ideally in combination with the Mirror Mortgage
3 / Combination of building savings and mortgage
4 / Replenishment of missing own resources in the form of special consumer loans
How to choose the appropriate form of financing
The same conditions apply to re-financing as to refinancing . The only difference may be the time by which the redemption has to be settled. Normally within 12 months after the original payment of the event.
Exceptionally, some banks allow up to 24 months to pay back .
The same level of interest applies to repayment as to other specific forms of financing .
Practical example: Reimbursement of the purchase of a house
Mr. Ruza got a life offer to buy a house for a price that is not refused. At that time, however, he was at the trial with a new employer and the seller was in a hurry. That is why Mr. Růča agreed with his father that he would lend him money under a loan agreement. The purchase took place and in 3 months the new owner of the house had his financial advisor prepare a tender for the appropriate financing of repayment. He brought to the winning bank an indefinite employment certificate. The bank then transferred the amount due to his father’s account.
Benefits of meeting a comprehensive loan specialist
- Non-binding and free consultation
- Find all energy saving options
- Settle administration in one place
- Discuss possible combinations you will save on
- Calculate multiple banking houses for easier orientation without losing your precious time
- Select the bank that best suits your requirements
- You do not have to circulate the banks and find out the differences and make a difficult analysis