For those who want to buy an apartment or start renovating their home, perhaps in order to take advantage of the tax incentives granted at the state level, or even change their look by changing the furnishing, the right path can certainly be represented by the home loan. A road that can be practiced with a certain ease. Such as? Ensuring additional liquidity that can allow you to face the expense without jeopardizing the family budget.
The home loan is considered by insiders to be one of the most well-known forms of finalized financing. They are very popular with Italian consumers, as the available statistics recite in an eloquent manner. A favor justified in particular by the speed of the procedures that characterize them. In fact, usually the presentation of a valid identity document, the tax code and a document capable of attesting the applicant’s income capacity are sufficient.
What makes a faster process possible is in particular the fact that it does not require the long series of guarantees that instead distinguish the home loan. Even the intervention of the notary and any technical expertise are bypassed, with a significant acceleration of the practice. The explanation of this simplified procedure also lies in the consistency of the amounts that are requested by the potential users, which are clearly more contained than a product like the home mortgage. Su usually limit 20% or little more than the value of the home.
In practice, a working day can be enough to have the required amount available. Instead, it takes several weeks to get a positive response to a mortgage.
If, as we have already pointed out, house loans do not force us to provide guarantees of similar importance with respect to those that the credit circuit claims for the loan. Furthermore they do not oblige to raise a mortgage on the property concerned. It should also be remembered that there are some disadvantages to be weighed with extreme care, before subscribing to one. In particular, home loans see banks or credit institutions consulted require higher interest rates, such as to significantly affect the APR (Effective Global Annual Rate).
The market offers many financing solutions from banks and financial companies. These should be carefully examined before eventually being signed. The conditions can of course also vary significantly depending on the amounts requested and the institution consulted. To be able to orientate better, the interested party can still request a quote, filling in every part of the form that you will find here on the side.