Remortgage in a currency you actually have...
Getin Noble Bank / Dombank - it is possible to cancel mortgage agreement in CHF?
Emigrate to Switzerland - work as hard as possible to save up some franks and then come back to Poland to pay it off
But only idiots took took it without thinking that its a trap by the bank
I have never taken a bank loan in my life so I know nothing about it . Why 120% property value loan is a rip off? And, what is the decent percent?
Cargo pants 3 | 1443
5 Apr 2020 #34
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.
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.
Cargo pants 3 | 1443
6 Apr 2020 #35
Remortgage in a currency you actually have.
How will that help?They still have to pay the bank in franks,re-financing only works when the interest rate is too high.
It will cost them, obviously...
Better some pain now than much more later, as the zloty slides..
Better some pain now than much more later, as the zloty slides..
Cargo pants 3 | 1443
6 Apr 2020 #37
More pain later will only be if the frank goes up and zlota falls.LOL less pain if the frank falls,but again who knows.I think those idiots deserve it.Just like in States 30 mil people lost houses cuz the idiots over extended.Got to have at least 1% idiots.
More pain later will only be if the frank goes up and zlota falls.
Of course; that is the greatest fear of the Frankowicze.
They say you should never hang on to falling stocks for sentimental reasons; there are parallels here.
PropertyMngWawa - | 9
6 Apr 2020 #39
the only option is to cancel bank agreement. and if any one need help i might help. the first cases are now in the court
Cargo pants 3 | 1443
6 Apr 2020 #40
i might help
Is the help free or for a cost?Banks I doubt are idiots who make you sign tons of paper work,I have never heard any one win.
PropertyMngWawa - | 9
6 Apr 2020 #41
loan agreement analysis is free, remuneration is a percentage as a success fee. there is not tons of paper work, only two pages of POA, the rest of the work is doing me and legal firm. you are wrong. people are winning and the first case which start everything is Mr Dziubak case. you should hear it. the legal firm also has a winning case. this is first instance, but win is a win