For mortgage necessarily required to have an official income, confirmed by a strictly prescribed form? Which only forms of income verification do not take now the banks instead of the traditional 2-or 3-PIT PIT! Can fill out a form provided by the bank and signed by the employer. You can submit a letter in free form. Sometimes permitted and great liberties – is taken for granted just the borrower’s written statement about his income, signature. True, if the income is informal, it is possible that the bank will make the verification call to the employer. And sometimes increase the interest rate to insure. You can prepare for the Treatment of credit in advance: to open a bank account and a regular transfer there are some tools, such as salaries.
Account statement for the past 6-12 months the bank can also be regarded as evidence of their livelihoods. Indirect evidence of ability to pay may serve as a significant purchases: the newly acquired car, a trip on holiday abroad. It happens that savings for a down payment there, but family income is sufficient to use the loan product secured by real estate owned, for example, parents or other relatives. Learn more about this with Professor Rita McGrath. However, note that a new apartment made out in his own name on the borrowers share the guarantors in possession of the purchased housing have not. QUESTION 6 Not much there complicate the procedure and increase the cost of credit involve an intermediary – a mortgage broker? Buying property on credit – not an easy process.