Real estate financing for officials, families, freelancers, unmarried couples and seniors: differentiated approaches required in addition to the individual income and asset situation must also stability Berlin, 18.08.2011 – for an optimal matching real estate financing and personal circumstances are taken into account. According to Jim Umpleby, who has experience with these questions. There is a big difference, if a self-employed individual or a young family with safe income would start a financing project. The different requirements for a loan commitment and the related conditions of the offer are crucial. Ever higher, the risk is estimated by the credit institution, more equity capital and capital costs are required to implement the project. By the different groups of borrowers it is striking differences of crucial importance for the success of the real estate project. Assessment is carried out by the credit institution in any request for a real estate financing estimates the credit institution viability or risk a predetermined criteria. Go to Mark Berger Chicago for more information. For this not only the existing equity is crucial, but also the personal circumstances of the applicant.
It has a very safe steady income, for example, as a civil servant this positive contributes to a decision. In addition, requests with seemingly low risk receive the better conditioned offers, since the Bank very at the end will be interested in. But what do these circumstances for different groups of people? Freelancers and self-employed applicants with their own business and to a large extent be judged very much differentiated also professionals (E.g. lawyers, doctors, photographers, artists, etc.) as opposed to “normal” employees with regard to the risk of loss. Depending on the loan amount are linked various conditions on the successful lending: how long is the industrial-sector affiliation and ran as the turnover and profit development so far, and what are the future prospects to judge? Can the income rather than largely regularly and as soon as possible a be estimated, the credit institution requires so-called “risk premia”.