Real estate credit is one that the bank grants to you who are looking to finance a property through long-term installments, but how to achieve this?
It will always be a great challenge for many people to get that “blessed credit”.
Since each bank works as a different option for releasing credit, there is a whole profile that needs to be filled out so that this can really become a reality.
Is Home Loan the Same as a Financial Loan?
It's a very interesting question:
Because many people think that the bank releases a mortgage using the same criteria that it uses to release the financial loan.
However, it's not exactly like that folks, well, let's go for some interesting information
Personal loan is usually always with different rates, as the amounts are not as high as a loan for a loan for an apartment of 200 thousand or 300 thousand, for example.
But then, how does real estate credit work?
There is credit from private banks and public banks, we even have a special article talking about these two types of credit, click here and check. But let's advance some information here in a practical way.
Real estate credit is released after a normally thorough analysis by the bank.
In general, for you to get a mortgage loan approval, you need to prove an effective link with some body that is responsible for its payment.
How to get a credit with a low score?
It is very difficult to get credit with a low score, especially when you want to buy an apartment or a house. Impossible?
It is for this reason that there are social programs such as Bolsa Familia that help many people to achieve their dream.
Anyway, did you find this information interesting? Would you like more information on this topic? Leave your comment, and of course, don't forget to share this content with friends.
