The necessary papers to request a Mortgage Credit

  • March 29, 2020

One of the details that most scares people when requesting a Mortgage Loan is the papers required to apply for the loan. for further clarification

Although the websites of banks and financial companies have a detailed document on requirements, amounts, and interests, to start, a summary is more than enough.

First of all, it is necessary to know that there are different Mortgage Credit 2013 rates, depending on whether it is the construction of work or the purchase of a home (100% and 70%, respectively). They can also be obtained for expansion, completion or renovation of the home.

The minimum age to get a Mortgage Credit is 21 years

The minimum age to get a Mortgage Credit is 21 years

although there are cases of people over 18 who have been able to access it. Until the age of 65 is the cap. The minimum income will also depend on the bank, and only the installment of this loan is considered (that is, if you have other accounts it can create a problem paying all).

In addition, in the case of spouse, boyfriend or partner, the income can be added. The length of employment must be three or six months, for a dependency relationship, and for the self-employed, one or two years. The maximum commitment (means the amount of salary that can be used to pay the loan) is up to 40%. This must be confirmed with the account executive when requesting the credit.

The required documentation is


– Identification document.

– Proof of service in the name of the applicant.

– According to marital status, the marriage certificate, the divorce or separation sentence and the coexistence certificate issued by a justice of the peace.

– Birth certificate of the children in common, if any.

Dependency workers must have the latest pay stubs and the employment certificate on the company letterhead. The freelancers, professional registration, the start of activities, earnings regime and last tax return.

Remember that in Compare you can simulate your Mortgage Credit for free without leaving your home. In this way, you will make an informed and intelligent purchase and you can fulfill the dream of your own home.

Housing loan and the rise in housing prices

  • March 11, 2020

Housing loan in 2020 may not be as easy as it was in 2019. From January to October 2019, Poles took out mortgage loans amounting to nearly USD 55 billion, and the average value of financing granted to one borrower at the end of this period was USD 278,000. USD, which is 5 percent an increase compared to the amounts that were borrowed several months earlier.

Housing loan and the rise in housing prices

Housing loan and the rise in housing prices

This result is largely due to higher housing prices, which force buyers to take loans for higher amounts. The number of people who want to finance the purchase of an apartment thanks to a loan is growing much slower.

In the discussed period, USD 201,000 were granted. mortgage loans, i.e. by 3% more than a year ago. In the last months of 2019, however, increased traffic in this area could be seen. This means that despite rising real estate prices and banks’ tightening credit standards, interest in this method of financing the purchase of a flat remains at a high level.

Despite the fact that for four years the Good Finance interest rates have remained at the same, record low level, most banks changed the parameters of the offers. Mortgages just got more expensive. The highest increases concern those who have a very low own contribution – at the level of 10 percent. For them, over the past year, the average interest rate has increased from 4.08 to 4.21 percent.

Housing loan – interest rate

Housing loan - interest rate

The increase in interest rates not only increases the cost of credit, but also its availability. As our analyses show, in which we took into account a family of three with an income of USD 8,000 net / month, creditworthiness decreased by almost USD 50,000 (from USD 685 thousand to USD 635 thousand).

In 2020, no major changes are planned for borrowers, but it can be expected that banks will regularly tighten their criteria for granting financing.

Therefore, if we have the funds for own contribution and we are determined to buy a new M., it is not worth waiting with this decision and applying for a loan.

House prices in Poland


The real estate market in Poland is doing very well. Despite rising housing prices, interest in buying a new apartment is not weakening, also with a view to renting. We are still happy to buy real estate on credit.

We take them for higher and higher amounts. Most often it is between 200 and 500 thousand. USD. Loans of this value constitute as much as 81 percent. all mortgages granted in 2016 Q3 Interest in larger sums has also increased – from 600,000. USD and up

According to Credit Checker, only from January to October we took out mortgage loans worth over USD 54.6 billion. It is about 14 percent than in the same period last year, of which over USD 22 billion were granted with the support of experts from the Association of Financial Intermediation Companies. Will these trends persist in 2020? How will the future await those who are getting ready to buy their own M.? Will it be harder to get funding? What should future borrowers prepare for?

Is it expensive and will it be even more expensive?

Is it expensive and will it be even more expensive?

The year 2019 on the housing market ends with growth. Both when it comes to real estate prices (we have been observing this trend for a long time) and the number of premises completed. As for the latter issue, 164,000 hit the market. new apartments. It is about 11 percent. more than a year ago.

As for the largest Polish agglomerations, this difference is not so noticeable, because we are observing a tendency to transfer supply to regional cities, because there is also growing demand. There are many indications that this trend will continue in 2020.

Developers and investors who share the housing market with the rise in property prices are largely explained by the rise in the standard of living of Poles. And also the increase in income in our country. However, is a statistical Pole able to afford M.? The costs of buying a flat are rising much faster than our salaries (an increase of 12% vs. 7%), and there is no indication that the trend will reverse next year.

The purchasing power of Poles is changing and thus the availability of housing is deteriorating. For example, for the purchase of apartments with an area of 50 m 2 in the big city three years ago you had to spend an average of 95 net salary. Today it is 101 salaries.

You have to be careful with the loan!

  • March 6, 2020

The process of applying for a mortgage is very complex. It requires the presentation of many documents and thorough analysis by the bank. Finally, there is the longed-for moment of receiving a positive decision. However, this does not give 100% certainty that the contract will be signed! More of this story:

If the prospective borrower receives a new job offer before signing the loan agreement, it is better for him to think about changing the place of employment. Although banks rarely carry out further verification after a credit decision, it is better to be on guard.

When granting credit

When granting credit

Banks usually require that the employment contract the client has lasted for at least 3 months and does not expire before at least 6 months have elapsed. Contracts for a trial period are also excluded.

Of course, the bank may apply a deviation from the procedures, but it’s worth getting to know its policy in advance.

It may turn out that the bank will require the entire credit analysis to be carried out from the beginning and the future borrower will have to wait with the new application until they reach the minimum length of service required by the bank.

If, after receiving a positive credit decision, the bank finds out about the prospective borrower’s transition to sick leave or maternity leave, he may also raise some reservations.

If the exemption was granted for more than 30 days, the bank may cease to recognize the source of income that it took into account when calculating creditworthiness. In the event of transition to maternity leave, the crediting institution may, however, request a statement that the woman does not intend to take parental leave and will return to work.

Another flat? We start from the beginning!

Another flat? We start from the beginning!

If the future borrower decides to change the property he initially intended to buy for another one or for some reason the transaction cannot be completed – the entire credit procedure must be carried out almost from the beginning.

A mortgage is granted for a specific property, which must first be checked in legal and technical terms. Fortunately, sometimes banks allow the possibility of using a short procedure. 

In this case, however, the bank will ask the borrower for all documents regarding the new property (excerpt from the land and mortgage register, preliminary contract, sometimes valuation, etc.). Unfortunately, most banks will require a new, complete application.

If the bank re-verifies the future borrower after issuing a positive credit decision, large purchases may also be unwelcome, especially if they mean the need to take out a loan.

Buying a car for a loan or household appliances in installments can mean that in the eyes of the bank the borrower will reduce his creditworthiness and will be able to afford a lower loan than the one he was granted earlier. So if the bank finds out about such a purchase before signing the contract, it may require a recalculation of creditworthiness, due to the greater risk that the borrower will not be able to pay its liabilities on time.

The loan will not only be granted

The loan will not only be granted

Often, potential borrowers are happy that their application has been approved and the loan will be granted on favorable terms. Once your emotions have subsided, however, it’s worth following the contract terms again.

Often, these preferential credits granted as part of the promotion turned out to be not as cheap as it seemed at first. Banks more and more often use so-called “cross-selling”, so they condition the granting of a loan on promotional terms by purchasing other, additional products.

In the case of mortgages, banks often agree to lower their margin in exchange for using other services, for example, setting up an account, deposit or applying for a credit card.

5 advantages of buying back credit you should know at all costs

  • March 2, 2020



When you subscribe to several types of credit (consumer credit, mortgage, revolving loan, or even personal loan), it is often necessary to avoid the accumulation of monthly repayments. However, there are many individuals who often find themselves in this situation following certain events, in particular a divorce, a dismissal or a retirement. How then to get out? The best solution is to group credit. It is the repurchase of credit. It has many advantages. Now let’s see which ones.

Lower monthly payments

Lower monthly paymentsLower monthly payments

Above all, it is important to clearly define what it is to buy back credit. Also called debt restructuring or grouping of loans, this is a financial method which consists in grouping all or part of the loans in progress and replacing them with a new loan from a credit organization. Thus, the first big advantage of this grouping is the reduction in monthly payments. In reality, the negotiation allows you to readjust the amount of this monthly payment to obtain only one monthly payment of credit according to your current budget. Some individuals, after obtaining an offer to buy credit online, may see the amount of their monthly payments decrease by up to 60%. Impressive, isn’t it?

Simplification of reimbursements

Simplification of reimbursements

By opting for loan consolidation, you now have a single point of contact: a single organization or a single bank. You go from several monthly payments to a single monthly payment. Also, you only have one fixed debit date. All this represents a significant simplification in the management of its finances.
For a good management of your budget, we recommend that you plan the withdrawal at the beginning of the month. Thus, you will have a good visibility of the remaining sums of which you can dispose.

Better interest rate

Better interest rate

The repurchase of credit makes it possible to contract a loan which will join all the precedents. By doing so, you benefit from a more advantageous single interest rate for all these previous credits. Also remember that each of your previous loans has insurance. Grouping your credits allows you to have only one insurance to guarantee your loan, instead of having a multitude of insurances which would generate several contributions which, put together, can represent a colossal sum.

Gain purchasing power

As you know, debts significantly reduce your purchasing power. You can no longer indulge in your little pleasures. Well! By consolidating all the loans into a single loan with a single monthly payment, you can breathe new life into your purchasing power. Since this solution reduces your monthly loan payments by half or more, you can now set up new projects and get more out of your income.

What is the best rate for my credit repurchase?

  • February 13, 2020



The repurchase of credit, like a repurchase of mortgage, makes it possible to make a grouping of credit in only one loan. You only pay one monthly payment. It is more respectful of your budget.

The repurchase transaction concerns several types of loans such as those linked to real estate, works, cars, consumer loans and a bank overdraft. A new loan can generate an additional contribution for a project for example. In addition, when several revolving loans are combined you can negotiate the best rate.

How do I find the best rate for my credit repurchase?

How do I find the best rate for my credit repurchase?

To find the best rate for a loan buy-back, start by requesting a buy-back from a bank intermediary. It is a financial organization which acts as the interface between your credit institution and yourself. It is a broker who works on mandate and who receives compensation only if your file is approved. It allows you to obtain the best repurchase rate of credit and draws a percentage based on the total amount of repurchase.

Even by having recourse to these professionals it is very important that your borrowing profile is taken care of. Your financing request file must be complete and include, among other things, your bank accounts, your income and your credit documents. Do not hesitate to wait a few months so that your accounts no longer show overdrafts and traces of unpaid bills. These favorable signals increase your chances of applying for credit.

The repayment tenure is essential for determining the rate. The shorter it is, the lower the loan buy-back. Depending on your financing needs, therefore, choose the shortest possible duration.

Please note, your advisor must ensure that your household does not suffer in any way from the consequences of the redemption on the financial balance of your household. Having a CDI is essential to obtain an advantageous credit rate by a banking establishment. Civil servants must be permanent and the self-employed must present their last three balance sheets. The more positive they are, the more they will gain from the negotiation.

When to buy back credit?

When to buy back credit?

The best time to buy back credit is when you can earn more money on interest and related insurance.

The date of subscription of your loans from a credit institution does not matter. Check your repayment schedule carefully and ask yourself how much time you have left to repay and at what rate. You can compare it to the current rates over this remaining term to establish the relevance of the credit repurchase. Be aware that rates have never been lower for a new personal loan.

How is the credit buyback rate set?

How is the credit buyback rate set?

The interest rate on the loan repurchase is the result of a calculation. It determines the amount received by the banker in order to lend you money.

Each credit consolidation offer is personalized according to financial situations. The financial institution takes into account your repayment capacity. It’s your debt ratio, your income and your banking history. Beware of too many or too recent banking incidents!

The credit repurchase rate and the duration of the repayment spread are just as decisive. To get an idea of ​​what you can expect, use an online credit buyout simulation tool. You will only have to enter your monthly income, your rents, your monthly mortgage repayment or consumer credit contract repayment for example. You then get an assessment of your credit repurchase capabilities.

What are the advantages of online credit?

  • February 10, 2020


In the digital world, online credit is becoming popular. You can from an electronic medium (PC, tablet, smartphone, etc.) take out a loan online. Why is it so successful? Elements of the answer below…

Get better time savings

Get better time savings

Online credit saves considerable time. Unlike conventional solutions, there is no need to make an appointment with an adviser or wait in the bank hall. From your browser, you can access the specialized site and follow the procedures.

Furthermore, said procedures are also simpler. Depending on the type of loan (car, personal or work credit), you just have to follow the procedures displayed on your screen. In less than an hour, you will have made your request. For workers, this is a completely advantageous solution.

Saving financial resources

Get better time savings

Subscribing to a conventional loan generates in addition to administration fees and ancillary expenses. Travel to collect the requested information can quickly become significant and costly for the requester. Added to this is the cost of printing all of the documents (employment contracts, pay slip, invoices for monthly charges, insurance documents, etc.).

On the other hand subscribing and simulating your credit online saves you all these hassles. From your PC, warm in your chair, you can send your scanned documents directly and finalize your request. Via the secure electronic signature, you can also sign your contract without even leaving your apartment.

Access to more attractive rates

Saving financial resources

Betting on an online loan offer also allows you to take advantage of very low interest rates. On a site specializing in online credit, you will be offered the lowest bank rates on the market. At certain credit institutions, you will benefit from offers with an annual effective annual rate (APR) starting from 0.8%. By betting on the right platform, you will be able to perform simulations in real time. Thus, you will have a better understanding of the total cost of the loan online.


The benefits of having credit are: The option of buying something today and paying the money back over time, rather than having to wait. The flexibility to act on major purchases and life opportunities that may require more money than you have on hand right now, like buying a computer, or borrowing for college.

Loan Payments – What you should know?

  • February 7, 2020

When you need money and you think it may be time to take out a loan, it’s okay to think about paying off that loan first. How much will it be? How often should you pay them? And of course, is there any way to reduce them?

In this article, our partners answer the most common questions about loan payments and give you the information you need to keep your loan under control.

What are my payment options? What can I do to find the option that works best for me?

What are my payment options? What can I do to find the option that works best for me?

Generally, lenders offer you three payment options for your loan. When it comes to choosing your own, you need to consider factors like how often you pay and how you prefer to settle your current bills. Depending on your preferences, you might come to the conclusion that one of these options is more suitable for you:

  • Monthly payments: you make one payment per month, on the same date, which represents 12 payments per year. This option is great for people who are paid once a month or who like to have a predictable payment schedule, as payment will be made monthly on the same date.
  • Two payments per month: you make two payments per month, one in the middle of the month, and the second at the end. This represents 24 payments per year in total. This option may be suitable for you if you prefer to make smaller payments more frequently, on the same dates each month.
  • Bi-weekly payments: You make a payment every other week, for a total of 26 per year. Not only is this option suitable for people who are paid every two weeks, but it saves over time by reducing the interest paid. Learn how biweekly payments reduce the interest you pay here.

How much will my payments be?

How much will my payments be?

You can use a generic loan calculator to estimate the amount of your loan payments, but it is best to go directly to your lender. Not all lenders agree to produce estimates, but luckily you can go to for a no-obligation loan quote. You will find out the potential amount of your loan payments by entering the amount you wish to borrow. And guess what? It’s free and has no impact on your credit score.

Your interest rate is determined by several factors, including the type of loan you choose, the amount of the loan, and your credit history. Not sure how interest rates are determined? You can find more information on interest rates on this web page.

You can reduce your interest costs by opting for a shorter loan term and payments every two weeks. In addition, any additional payments you make on your loan will reduce interest costs. If you want to prepay or make additional payments, it is important to check with your lender about prepayment penalties. Fortunately, unsecured loans have no prepayment penalties.

What can I do to keep my loan payments under control?

What can I do to keep my loan payments under control?


If your lender offers this option, automatic payments can help you stay in control of your loan payments. Once you have established your payment schedule, they will be drawn from your bank account regularly, without your having to intervene. With automatic payments, there’s no risk of missing a payment and having to pay late payment penalties or additional interest charges.

One of the key factors when thinking about getting a loan is its affordability. It is important to make sure you get a loan that suits you and the amount meets your needs and your budget. Sure, it can be beneficial to explore your options online, but perhaps it would be even more beneficial to sit down with a specialist to review your financial situation and understand the loan options available to you. you. You can get both a free no-obligation quote and a meeting with a knowledgeable loan specialist at a branch near you.

Renegotiate your home loan – Steps & Advice

  • January 15, 2020


The real estate rate barometer has never been lower. If you took out a home loan a few years ago, renegotiating a home loan may well save you money on your original loan.

This very favorable context allows you to renegotiate your loan conditions with your current banking establishment or the repurchase of mortgage by carrying out a change of bank .

Why renegotiate my mortgage?

Why renegotiate my mortgage?

Renegotiating a home loan is a timely decision for the borrower. Credit rates have never been lower and competition is raging between banking institutions.

This operation is interesting if you have for example taken out a loan over 20 years and you are in the first 6 years of repayment. Indeed, during this period, you mainly repay the interest paid to the detriment of the capital.

However, it is the loan rate to which you are subject that can grant you renegotiation. The difference between the old and the new real estate rate must be between 0.7% and 1% to be really valid. The amount borrowed for the acquisition of the property must be at least 75,000 dollars. In general, credit institutions refuse applications for which the amount to be financed is lower.

The advantage of renegotiating a home loan is less obvious for those who contracted it after the second half of 2016. Indeed, the difference between the old borrowing rate and the new one is quite small. In addition, certain complexities of mounting the file can dissuade borrowers for such small amounts to be won. On the other hand, for real estate loans which date from the beginning of 2016 or before the approach is very profitable due to the consequent drop in interest rates and savings made.

What is the difference between renegotiating a home loan and buying back credit?

What is the difference between renegotiating a home loan and buying back credit?

Renegotiating a home loan is often confused with buying credit. Even if these two operations allow you to save money, it is however necessary to distinguish them:

  • Renegotiating a loan involves asking your current bank to revalue the interest rate applied.
  • Credit repurchase refers to the fact of having recourse to another bank. Please note that during this process, the borrower will have to pay early repayment indemnities, guarantee costs and administrative costs.

How to renegotiate a bank loan?

How to <a href=renegotiate a bank loan?” />

The first step is to call on a credit broker who will guide you step by step during your credit renegotiation process. He establishes with certainty whether the project is profitable and whether it deserves to be completed or not thanks to his experience on the real estate market.

The second step is to build your loan application package. It can be sent to your usual credit institution or to a new bank. Your objectives can be multiple, such as reducing the term of the loan or your monthly payments. It is according to these objectives that the real estate broker selects for you the most advantageous establishments so that you can benefit from an offer adapted to your personal situation.

In the third step, you give your agreement in principle for the submission of your file to the credit institution of your choice. The credit broker transmits it to the bank which in turn will validate or not the subscription. The approval of the new loan is subject to a study which establishes in particular your debt ratio. The lending institution calculates the possible interest rates based on the current rate. The remaining term and total credit are also included in this analysis.

You can draw a depreciation table to have a clear vision of the situation to come. Once the subscription has been validated, the loan offers are sent to you by post. This fourth and last step ends when you return them signed 11 days after receiving them, this is the legal deadline.

 When should I opt for a personal loan rather than using my credit card?

  • December 29, 2019


When you need to borrow money to cover an unexpected expense (even if the “loan” is just an expense charged to your credit card), you should consider all of the options available to you. Since you probably already have a credit card, this decision is made for you. But when is a credit card not the right choice?

We asked our partners to explore a few situations where it might be more helpful to take out a loan to make a payment rather than using your credit card. Here is what they explained to us:

Four situations where a personal loan makes more sense than a credit card

The payment is considerable

The payment is considerable

It’s one thing to use your credit card for small purchases, which you can easily pay for in the next billing cycle, but it’s another thing if you carry hundreds or even thousands of dollars on your credit card. If you don’t have the cash to pay for large purchases right away, your credit card debt load can drag you into an endless cycle of unpaid balances.

An unpaid credit card balance can spoil your credit score over time. Some people will say that everything will be fine as long as you manage to settle the minimum payment, but the longer you allow this situation to continue, the more the interest payable will increase.

Why is this a problem? Read this article to understand the effect of credit card interest (compound interest) on an outstanding balance.

You are already dealing with a credit card debt

The payment is considerable

Likewise, if your credit card balance is already over 25% of your credit limit, it is recommended that you avoid taking on more debt. Such a balance can hurt your credit score (while a balance below 25% can help your credit score). Are you interested in the subject of credit use? 

Come to think of it, you would like to get rid of your credit card debt anyway

In addition to having the funds necessary for a purchase, you can use a personal loan to consolidate and repay your debts. If you have multiple credit cards or loans with different balances, payment amounts, and deadlines, you may want to consider consolidating your debt. Not only will you get the cash you need to make the purchase, but you will be able to pay off your other debts and have a simplified repayment plan – a single loan, a single payment amount and a payment frequency that’s right for you. Find out how you can pay your bills faster with a debt consolidation loan.

Another benefit of a personal loan? It is a form of installment debt. Unlike a credit card (which is a type of revolving debt), installment loans have a fixed repayment duration and loan amount, which means you know when you will be debt free and how much you will repay. exactly. For comparison, look at your next credit card bill – it should tell you how long it will take to pay off your current balance if you’re only making minimum payments. In general, the duration is much longer than the repayment period of a personal loan.

You can get a better interest rate on a loan

You can get a better interest rate on a loan

Before charging an expense to your credit card, if you know your debt will go on for more than one billing cycle, you need to consider interest rates. If you’ve missed some payments already, your credit card rate may have gone up. Unfortunately, many people overlook this subtlety in their credit card contract. You could get a better rate by opting for a personal loan, especially if you are a home owner.

Do you want to know how much a personal loan can cost you? Try free loan quote to find out how much money you are entitled to and what your payments might be. If you are a home owner, let the loan specialist know who can customize a secured personal loan to suit your circumstances.

In conclusion

A credit card is useful when you make all of your payments on time and have no unpaid debts, but if you’ve had trouble paying off a large balance on your credit card in the past, it’s not. may not be the best financial decision for you. It may be more advisable to choose a personal loan if you need a sum of money, but you do not want to use it perpetually to go into debt again and again; instead, you can focus on paying down the debt, which helps you to take responsibility as a borrower.