One should always consider a real estate loan without equity very carefully, because very few banks finance something without secure equity. The majority of banks are using equity capital of approximately 30 percent of the total construction costs or the respective purchase price for the real estate loan of the construction project, and also expect the incidental costs associated with the purchase of real estate to be disbursed independently by the customer and possibly additionally financed.
Some banks offer the possibility to take the credit of the complete purchase price or the complete construction costs. The additional costs should therefore be covered by existing assets of the borrower. In a so-called 120 percent financing , all common ancillary costs of the acquisition are included in the credit.
Variety of providers of real estate loans without equity on the Internet
On the Internet you will find many pages where you can get a real estate loan without equity under certain conditions quickly and discreetly. It does not matter if you need 8 5000 Euro or even 1 50000 Euro as a real estate loan without equity. You can simply make a free application for a real estate loan without equity, the provider then examine the application and within minutes you will receive a preliminary decision by e-mail. Of course, the financing for upcoming renovation or modernization work around the house is also accessible. This is decided by the borrower individually according to his personal wishes.
Especially for young people, it is very difficult to get a cheap financing from a house bank, because very often the applications are rejected immediately, on the grounds that the young people have too little or no equity. For various sites but you may get a real estate loan without equity. You should not shy away from the free loan application , because so you can convince yourself of the quite unbureaucratic processing itself.
A complete financing of the property by means of a loan is much more common in many countries than in Germany. For example, in the US, online credit is one of the most preferred ways to get a good and cheap loan. This has been common for some time and will become more prevalent here in Germany.
The monthly installments should not be too high!
In most cases, it may make more sense to choose a cheaper property instead of the absolute dream property. Above all, the owner should feel at home in it. Even for the family, the requirements for future home ownership should be fully met. If the monthly burdens have been calculated realistically, the form of a real estate loan without equity is the best option for the acquisition for people who were previously unable to generate equity.