However, in fairness it should be noted the fact that people are having and older age, are not always able to boast of prudence. It is not surprising that modern abundance of goods and services directly presses on the brain of those who lived in the Soviet Union, forcing them to commit and make a purchase. It should be noted the fact that the number of Bank and non-Bank financial institutions ready to provide its clients with cash now number in the thousands and all such organizations, according to advertising slogans and avenues, only exclusive, profitable and reliable credit conditions. The Bank approves his application, but includes in the credit agreement a lump sum payment for the issuance of money. Meaning of refinancing is that the new loan the borrower receives on more favorable terms than was the old.
It should be noted that loans to purchase real estate are considered to be rational, however, some borrowers even when getting these loans manage to overreact. Refinancing, or refinancing, is a procedure in which the borrower takes a new loan and expense extinguishes the old. And when the amount of own funds is not enough, in this case people suffering from creditmany, begin to contact the banking organization.
However, all the above factors are not so easy, so many mortgage borrowers also fall into the group of those who struck creditomania. And it's perfectly legal, but completely unfair. And one of the main reasons for such purchases, according to leading psychologists, is the uncertainty that tomorrow these goods are still on sale. However, it is not strange looks, but this specific category of people in our country are very inclined to commit rash and spontaneous actions, which ultimately lead to the financial collapse or destitute. Moreover, you can cancel the contract before receiving the money. The result is that it takes the Bank has 90 thousand rubles, but still have 100 thousand. It's a dark, gangster and totally unfair scheme. In the future, referring any difficulties or shocks is that not every borrower is able to repay such an expensive mortgage loan, which leads to the fact that borrowers start to rush, trying to refinance the loan or to change bought on credit "square meters" for cheaper housing. Moreover, the loyalty of financial institutions in creating these tandem can reach such proportions that they are ready to offer our potential borrowers loans at favorable interest rate, which will be issued against collateral in the form of real estate under construction.