Mortgage Loan For Payment Notes?

Can you get a mortgage even if it has a payment note: Yes, today, more and more banks are offering you this, what was previously considered impossible, due to the danger of lending money to people with bad credit, has now become possible again.

Bad credit are usually classified as high risk customers

Bad credit are usually classified as high risk customers

Customers with bad credit are usually classified as high risk customers and to this customer now offer a number of banks and mortgage companies so-called special loans.

Loans and mortgages to people with bad credit and other “credit weakness” people (we understand that a person with a payment default not automatic credit is weak) are becoming more prevalent in Norway. But the market is not as large as in the US for example, where about 20% of all mortgages are made to credit weak people.

There are several banks and lenders to provide mortgages

There are several banks and lenders to provide mortgages

In Norway, there is a growing market. There are several banks and lenders to provide mortgages to people who are not accepted by regular banks, for example due to the default payment.

These banks and mortgage companies often have several employees per customer loan, and in each loan program, make a completely individual assessment of their credit rating. Looking at is a whole, and not individual error, such as a payment standard.

A payment standard has been for three years

bank

Instead, it tries to focus on the past to pay to look ahead. A payment standard has been for three years, where it can happen a lot financially!

To be able to accept mortgage loans to customers with a lower credit history is to take many off, one can expect banks to pay a higher interest rate than many other banks. This is to cover the increased risk. Where about 20% of all mortgages are made to credit weak people.

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