It is worth remembering that the bank will also check your income with the employer before passing the home loan request. Here, it’s easy to disagree, there are mistakes in gross and net income, customers also omit some of their financial charges such as credit cards or debit cards. For the สินเชื่อรถแลกเงิน or home loan you can get the best choices.
Before granting a loan, the bank must be sure that the money borrowed will be appropriately secured a property valuation is carried out for this purpose. Valuations can be made by the bank’s employees. The value of real estate is determined on the basis of a comparison with other properties with similar characteristics.
The parameters that are important in the analysis are:
Location: it directly translates into the market value of the premises. The more attractive the location, the higher price will be. Apartments on the first or second floor are the most interesting for buyers;
Area: the bigger the real estate will be more expensive;
Legal status: apartments with property files will be the most expensive; before buying, you should check whether the flat is not burdened with a mortgage, the right to life or claims of third parties;
Surroundings: means the proximity of institutions, offices, shops and eating places;
Condition of the real estate: construction technology, type of building, date of its creation, standard of finishing, equipment of the flat, access to the elevator;
Technical verification and checking of the appraisal report
Property valuation may be made not only by the bank, but also by a real estate appraiser – if the bank accepts a document issued by an independent appraiser. The author’s valuation carried out by him is referred to as an appraisal report. The appraisal report must be made in writing and is in the form of an official document. It presents both data on the value of the property as well as the manner in which the valuation was made.
Issuing a credit decision
The key moment comes, that is, issuing a credit decision. A positive decision should be treated as an offer to conclude a loan. Before you decide to sign a loan agreement, you can ask for a project to be issued.
Getting acquainted with the mortgage contract
Make sure you understand all the key points and records of the loan agreement. In case of any doubts, a bank employee or credit expert is required to provide you with the necessary information.
When you get acquainted with a document, you should pay attention to:
- The form of payment of the loan (once or in tranches);
- Commissions (fixed or variable) and the method of determining their amount;
- Additional fees;
- Determining who will receive credit funds;
- Conditions for using additional bank products;
- Interest on the loan;
- Loan repayment terms.
Signing a loan agreement
If all records are clear to you, you must sign a loan agreement.
Conclusion of a property transfer agreement
In this case there are several ways to proceed, depending on which property you purchase. Real estate from the primary market, if the construction of a house or flat has not yet been completed, you will have to wait for the act of ownership usually a few or a dozen or so months. If you want to buy a ready-made new flat, you will receive the necessary document immediately.