What is it and how it works?

The mortgage subrogation (or even subrogation or loan portability) allows the replacement of the previous mortgage by switching to a new bank that can agree on more favorable terms than the original credit institution; the Mutuario will have neither costs nor charges from the first bank, to which it will not even have to ask for consent to make the transition.

The subrogation can be defined as a “purpose loan” and is only granted for the residual amount of the old mortgage (updated on the stipulation date); as regards the mortgage, it remains unchanged and is updated with the new bank’s takeover. The conditions of duration and rate change radically.

The mortgage substitution can replace mortgages for the purchase of both first and second homes; it is not excluded that we can ask for the subrogation of a liquidity loan.

Before requesting a mortgage subrogation, it is necessary to evaluate the options that best meet our needs and the benefits that can be derived from this type of procedure. It is possible to evaluate the various alternatives by turning to a bank or using the comparison portals on the Internet, which often offer the most convenient solutions.

Even if, in theory, it is possible to request the subrogation mortgage several times, the banks grant this type of transaction only once, as it is the banking institutions themselves that bear the costs of the transition.

It is important to remember that the subrogation of the loan is different from the renegotiation of the loan, where it is possible to ask the bank to change the contractual conditions originally agreed with it, especially as regards the interest rate or the duration of the loan.

 

THE DIFFERENT TYPES OF MUTUAL SURROGATE

Bilateral surrogacy

This provides for the intervention of the new bank (‘subrogant’), the Mutual (debtor) and a subsequent unilateral act of receipt.

The bilateral subrogation is divided into two phases: the signing of the subrogation loan agreement (between the Bank and the debtor) and the stipulation of the unilateral receipt (between the Notary and the Bank).

The trilateral substitution

This provides for the intervention of the original Bank (‘surrogate’), of the new Bank and of the Mutual. With respect to the trilateral substitution, this requires longer times for the practice to take place. This type of subrogation is stipulated with a single notarial deed containing the new loan contract, the receipt of the original residual loan and the commitment not to cancel the original mortgage.

 

Rights and Duties of Banks

It is important to remember the duties and rights of both Credit Institutions involved in the subrogation procedure.

1) THE DUTIES:

• Active bank (the new bank, called ‘subrogant’): transparency and the taking charge of the costs deriving from the subrogation (taxes and fees, notary deeds, fiscal charges);
• Passive bank (the original bank, known as ‘surrogate’): the obligation to cooperate with the active bank and to respond promptly to allow the procedure to start, allowing completion of the act within the 30 days required by law.

2) THE RIGHTS:

• Active bank: this has the right to receive from both the surrogate bank and the mutual bank all the necessary documentation so as to start the mortgage practice;
• Passive bank: has the right to obtain that the contractual parties operate following the principles of correctness and good faith. It does not fall within the rights of the same to receive a notice from the customer of wanting to proceed with the subrogation of the loan.

Many are in financial difficulties and need liquidity in a short time to defray expenses and deal with bills that have not been covered or can be accumulated with the consequent risk of being enrolled in a list of defaulters.

Many people need fast and urgent money to be able to face unforeseen situations that sometimes occur without warning.

Obtaining a quick loan is not easy as it seems since banks do not grant money to those people who do not provide the necessary repayment guarantees and since the requirements are very hard there are many who can not enter the scale to obtain a loan.

 

Our company provides fast and urgent money

To our customers and it is only necessary that this provides a real estate guarantee of any other kind, so that the user can provide all kinds of properties so that our company provides the money you need. You can present real estate type guarantees, vehicles, art collections, taxi licenses, etc. everything works as long as it has the necessary value so that we can provide you with the money you need.

The only exception are the jewels. This is great news for those who are in a difficult economic situation and need an urgent liquidity contribution, real estate guarantees must meet a special condition so that they can be valid, they must be free of charges and mortgages and we accept flats, houses , premises, etc. Solar, plots or land are not valid because they are goods whose prices vary too much and therefore are not acceptable guarantees.

We can grant up to 20% of the value of the guarantee, sometimes up to 25% depending on the quality that this has. Our urgent money credits also have a number of notable advantages for the user, the speed with which transactions are processed is good news because in less than 72 hours the customer can have their money in cash provided that the documents have been received necessary for us to start the procedures.

Another advantage that we can provide the user is that we grant money to people who are registered in lists of defaulters, for example the asnef or who do not have monthly payroll and are in unemployment situation. Thanks to the guarantee we can give money to many people regardless of their economic situation.

Our company is formed by a group of private and private lenders with extensive knowledge in financial and real estate matters and this allows us to make the process go faster and in this way the client gets money as soon as possible, in the shortest possible time. We take care of many tasks such as, for example, the official appraisal of the house that we carry out at an economic price for the user, we never charge money in advance and always try to carry out the greatest amount of tasks so that the client does not feel overwhelmed with the procedures.

We enjoy all the necessary legal guarantees since our company is regulated by the Ministry of Health and Consumer Affairs and we comply with current regulations and laws regarding private loans in Spain. In addition, the transactions are signed before a notary that attests to everything that is revealed in the contract documents. The signatures can be made at any point of the Spanish territory, including the islands and it is not necessary that you travel to do it, since we cover the whole country.

 

Payday loan easy and quick to apply. The contract can be concluded in the Internet bank and the money is credited to the account immediately after the contract is signed.

SMS loan is a very common form of fast loan, where you can apply for a loan with a mobile phone. As a rule, the applicant must first register as a user either on the loan provider’s website or in the office. During the registration, you must enter your bank account details where the loan amount should be received. The user can then receive an SMS message by sending the message to the provider’s number. The money then arrives in your account in minutes. The advantage of an SMS loan is that, as a rule, the borrower’s income and salary and his other financial obligations are not controlled.

Another commonly used device that can create different feelings is an iron. Although many do not need an iron as a primary home appliance, it is still necessary – wearing a wrinkled clothes creates uncertainty and looks generally bad. It is worth investing in a good iron and prices start at just a few dozen euros. Comfortable and good iron can last up to 20 years.

 

It is a financial service

Before using the service, please read the terms and conditions and consult our expert if necessary. For example, if the loan amount is EUR 10,000 and the loan repayment term is 10% with a fixed annual interest rate of 11%, then the APR is 12.23%, the monthly repayment amount is EUR 137.75, and the total amount repayable by the consumer is EUR 16477.51. In addition to the fixed annual interest rate, the above credit cost rate includes 11% contract fee in the amount of 200 euros and annual home insurance payment in the amount of 65 euros.

The volume of passenger traffic was maintained thanks to the increase in the number of passengers on Estonian-Finnish and Finnish-Swedish routes. You may not have any defaults on the loan, the fixed interest rate consists of an individual interest margin and a fixed base rate, the Loan Agreement signed on 25.06.1998, an energy-efficient dwelling or apartment related to the state guarantee, Tallink’s turnover increased by 2.1 per cent in fast cash cash to 444 million euros. amount of 103 000 kroons. which we calculate on the international financial markets on the basis of the interest rate quoted for euro loans. must be the habitual residence and ownership of the borrower. it is possible to take a new loan in addition to the existing loan. Pre-depreciation profit increased by EUR 29.1 million to EUR 74.6 million.

 

Refinancing Up to 10,000 Euros.

Payday loans have become very popular among the population and for many citizens, the service has become commonplace. If your salary is not enough to survive for one month, you can make a quick loan. If you need to buy home appliances, clothes, shoes, furniture for a larger amount, then a quick loan will also save you in this situation.

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In addition to financial collateral, a guarantor who is responsible for the loan obligations may also be able to search for his loan application if the borrower is faced with a difficult financial situation where he is no longer able to service the loan. All in all, this loan is called a surety loan. Short-term loans are mostly without a guarantor; To submit an application, go to the preferred loan portal and follow the instructions.

 

To prove the income

The loan portals prefer two documents – a salary certificate or a bank statement. If you want a loan without a salary certificate, submit a bank account statement for your last six months. However, if you want a loan without a bank statement, submit a salary certificate to the loan portal to show the existence of a stable income. Although loan companies generally have an interest in your existing responsibilities, and when applying for a loan, they must also be mentioned frequently.

In China, however, shares continued to decline today. The system allows the customer to easily check the status of their loan. cash in one day up to 90% of the value of the car and the car always remains at the customer’s disposal, the rate is a discount rate of one year, Article 3. This in turn increases fear, even if the money is secured by the car. Disbursement 3.1. which equates the present value of all current and known future (cost) financial liabilities with the net amount of the credit or the net price. (3) The following factors shall be taken into account when calculating the rate: The Company shall make its loan system more efficient. that the government’s attempts to stimulate the market to sms the loan as falling out. Customers are offered the opportunity to open a personal loan account.