Real Estate /
Getin Noble Bank / Dombank - it is possible to cancel mortgage agreement in CHF? [41]
I have taken loans,but those days if you put 30% or above down you could get no income verification loans as they were best for us being in cash businesses.I wonder if they still exist after the crash.
120% is a rip off because if the property value dont go up and you cannot sell it,how will you pay back.Bank is not a charity,they want to make money on you.More they will lend more they will make.Its so funny when people taking the loan say,oh ill pay it early,and then at closing the closing costs are increased in the States,while in Poland they slam you with pre payment penalties which are illegal in residentials in the States.I would never take a loan in Poland with fluctuating interest rates,you dont know what your mortgage will be next month even if its in PLN.
With current situation,banks will guranteed make deals with the creditors.lol instead of 30 years they can lower the payment and pay in 40 years,and the bank makes more money and also dont get the property in default.