Do you want a home of your own, but do not you still know what funds to access to fulfill this dream? There are a few options in our country, but usually people swing between a First Home and Mortgage credit. Find out from this material what are the advantages and disadvantages of each credit with เอกสารกู้ซื้อบ้าน , what conditions you have to meet for each, and decide which type of credit is right for you.
What does a mortgage credit mean?
Mortgage loan is a loan you make to the bank to buy, build or renovate an apartment. The difference between mortgage credit and other types of credit is that you are guaranteeing mortgage with that home.
For mortgage and real estate loans, you can sell the house without paying the prepayment, based on the agreement issued by the lending bank. The condition is that the amount you mention in the agreement credit balance, interest, and other fees is paid into the account. You can make such a credit for up to 35 years, which is an advantage because you pay lower monthly installments.
What is the mortgage guarantor?
Even if you only make this credit, your spouse if it is the owner will have to sign the guarantee contracts imposed by the bank. Thus, he or she becomes the mortgagee guarantor. Depending on the bank’s procedures, the mortgage guarantor does not necessarily become a whistleblower. Co-debtor undertakes to pay the rates if the debtor no longer pays. The mortgagee as the owner of the property mortgaged in favor of the bank gives its consent to the mortgage.
What does a mortgage creditor mean?
The mortgage lender in this case is the bank, which provides the loan money provided that the borrower guarantees the loan with the purchased dwelling.
Is it possible to take over or refinance a mortgage loan?
In practice, taking over the credit is done by selling the property. Thus if the new buyer meets the bank’s eligibility criteria not necessarily the same bank holding the mortgage at the time of sale, he will be the owner and the holder of the credit agreement. Acquisition, like refinancing, is done on the basis of an altar- nation agreement, namely a refinancing agreement and an agreement to establish a mortgage of rank 2, which will become a mortgage of rank 1 after repayment of the initial loan and cancellation of the corresponding mortgage.
The refinancing of the loan does not involve the change of the owners, the holder of the credit agreement may change for example, the wife can become a holder, co-debtor and vice versa, if he or she is eligible. The mortgage credit can only be refinanced with a balance on the balance, i.e. no additional amount is granted. Instead, you can reduce or increase the credit period.
What are the conditions for a mortgage loan?
If you want to make a mortgage, there are a few requirements from the bank, the most common being:
You must be at least 18 years old and up to 65 years old at the end of the loan. For retirees, 70 years of age are also accepted at the end of the loan. For staff, age restrictions may occur 60 years on end of credit. For seafarers, depending on the bank, the maximum age at the end of the loan can be 55 years.