Mortgages: offers and conditionsOn December 24, 2019 by Marlene Niemeyer
Mortgage from Lender bank offers the possibility to borrow a larger amount in the form of a bank loan. This loan from Lender bank can be useful to all who need to get money to buy some real estate or other expenses. It can be an interesting offer for anyone who is looking for money for their business. The only condition for obtaining this loan is the possibility to provide the bank with a property.
Mortgage from Lender bank
The minimum loan from Lender Bank in the form of a mortgage is USD 150,000. The maximum amount of this loan is not limited (it only depends on the estimated price of the property, which will serve as a guarantee for the borrowed money).
The minimum maturity is from 60 months, the maximum is 240 months (ie from 5 years to 20 years). Among the great advantages of Lender bank’s mortgage is a zero fee for arranging a loan. But at Lender bank there is no such fee, the mortgage is provided free of charge.
Mortgage terms and conditions at Lender bank
mortgage Lender bank is provided for those aged 18-65 years. If you are older (or if you reach the age of 65 before paying off the entire mortgage), the bank will not lend you the money.
Another condition for a loan with Lender bank is the opening of a current bank account with this bank. The bank then regularly deducts individual installments and mortgage fees from this account. This means for all those interested 0 – 300 USD per month for the maintenance of this (the amount of fees for an account at Lender bank depends on the turnover on this account. If you meet the minimum turnover requirement monthly).
In addition to the bank account fees, Lender bank will ask you for USD 1800 a year to manage your mortgage loan. But you don’t pay any extra fees.
Extraordinary repayments and early repayment of the mortgage
Like many other banks, Lender bank does not allow early mortgage repayment free of charge. If you opt for early repayment, the bank will ask you to pay a penalty fee. The amount depends on the amount you will repay early. On the other hand, the extraordinary installments of the mortgage from Lender bank are free of charge and free of charge.
What can Lender bank money be used for?
Lender bank US mortgage is provided as a non-purpose bank loan. You can use the money for any purpose. However, if you disclose to the bank and demonstrate what the funds will be used for, the interest rate may be reduced. This is basically set to a minimum of 6.99%.