Loan Applications Inquiry

Although borrowing from banks seems to be quite difficult lately, it is actually quite easy if you follow bank policies. If you have not experienced a problem between banks, there is no obstacle to using the loan if there is no disruption in your payments and your credit rating is positive and high.

However, there are some situations, even if your credit rating is high, you may have difficulty in attracting credit. One of these cases is the number of loan applications. Applying for a loan, applying repeatedly, will reduce the credit rating, as it will be seen by other banks, and can be regarded as a negative situation during the credit withdrawal phase.

What is the number of loan applications?

loan applications

The number of loan applications can be considered as the total sum of the loans you have made to banks. If you have made an application from a bank, you should remember that this application will be seen by all other banks. Since all the applications and results you make on the common screen of the banks will appear, unfortunately, your frequent applications will unfortunately reduce your credit rating considerably. For this reason, the possibility of using credit will be reduced for those who have more applications.

For example, all transactions you make in a bank are recorded. These records are shared with all banks and a credit registry is created. Applying frequently and especially rejecting these applications will be reflected on the screen of the bank employee when you apply for a loan from other banks and the possibility of approval of the loan will decrease. In this case, we have discussed what to do in the continuation of our article.

Number of Credit Applications

Number of Credit Applications

If you want to know about your past loan applications to banks, there are some ways to do this. Banks can record your transactions for a certain period of time and communicate them to you. If you would like to inquire about the number of loan applications and learn, you can choose the following steps.

Customer Service: You can call the bank to which you have applied for a loan and learn about the bank applications you have made between certain dates. If you wish to receive these applications as a document, you can request that the details be sent to your e-mail address.

Internet Banking: If you use one of the internet banking products at the bank where you apply for a loan, you can learn all of your loan applications along with your customer number. At the same time, you can learn the applications that you have made from the inquiry page of the application results from the banks’ websites.

Number of Applications Learning and Application Details

Number of Applications Learning and Application Details

During the course of learning the number of loan applications, if your number of applications is too high, you should wait for a while to delete them. The number of applications is deleted on average between 3 and 6 months and is removed from the common screens of the banks. However, if you want to use credit without waiting within this period, you can take a look at our list of banks that give credit to those who have more applications, you can use credit without waiting. In addition, we should remind you that the credit rating should be higher than the number of applications.

Financing your first home

In the draft Budget Law 2016, the government has provided for the relaxation of the zero-interest loan and the loan for social housing, so that more first-time buyers can benefit from it.

Financing your first home

Financing your first home

Housing Minister Colonel confirmed at the Fnan Congress on December 15: “There are tangible signs of market recovery in transactions and construction. But it became clear to us that accession was lagging behind in tense areas and for young households. Our choice (for 2016) is to consolidate existing processes. “

Special credits exist to facilitate the first purchase of the principal residence, but they do not always meet their public. The government has therefore provided in the 2016 finance bill, relaxation of the zero-rate loan and social loan accession, so that more first-time buyers benefit.

A soft zero rate loan

A soft zero rate loan

The state-funded free-of-charge (PTZ) loan complements conventional financing and reduces the cost of your first principal residence. The PTZ is granted under means condition, it allows to finance an acquisition in the new or in the old with works.

Take the example of a couple with two children who wants to buy his first apartment in La Rochelle for 200,000 euros. He will be able to benefit from a “free” loan of 52,000 euros. The government decided, last November, to give an additional boost to first-time buyers. In 2016, it could represent 40% of the cost of the operation against 18 to 26% today.

“The goal is to distribute an additional 55,000 PTZs next year, and to go from 65,000 to 120,000, including more than 10,000 additional ones in the old one,” Colonel said at the Fnan Congress. The modifications made to the existing formula will be voted within a few days in the next budget law.

Main improvement of the system: the increase of the income ceilings which will allow a greater number of borrowers to be entitled, the extension of the deferred payment of the credit which would go from five to fifteen years, against zero to fourteen years today, for a maximum loan term that remains twenty-five years.

There is no more geographical restriction for the purchase in the old with works. The list of cities in which one could benefit from the PTZ to complete the financing of an old property has disappeared. With this expansion, the public authorities want to encourage future owners to reinvest abandoned centers in small towns and to participate in their renovation. However, by setting a minimum of 25% of the work in the total cost of the operation, the government could miss its target.

The “social accession loan” aligned with the PTZ in 2016

The "social accession loan" aligned with the PTZ in 2016

First-time buyers can also benefit from a so-called “PAS” social housing loan, granted on a means-tested basis. In 2016, these will be aligned with those of the zero interest loan to open this financing of the principal residence to a greater number of first-time buyers.

SSP is not a discounted or free credit, it is a conventional loan granted by a bank or financial institution that has signed an agreement with the State. “The PAS is an option of a conventional loan, it must be asked to his bank, explains Speaker, communication manager of the broker Good Lender. This allows subscribers to receive or continue receiving housing benefits (APL) and thus reduce repayment payments. “

Find the right real estate loan quickly and accurately

A very significant proportion of home builders and homebuyers are not interested in dealing with real estate financing. The reasons are different, but mostly the lack of enthusiasm has to do with the fact that many more tasks are pending. In addition, most people do not know much about this topic, which is often a deterrent.

Financed through the house bank

Financed through the house bank

As a result, is often financed through the house bank – in the hope of being offered there a loan on good terms. Whether a loan offer is good, however, can not be easily assessed, this comparison offers are needed.

Exactly why it is recommended to make financing inquiries with further potential lenders. Those who do without this step and conclude without prior comparison may give away a lot of money.

It works without a banking marathon

It works without a banking marathon

Nevertheless, it is not necessary to get involved in the so-called banking marathon and to visit countless banks in order to describe their own project in detail each time. A much better method is to use our building services. As an established provider, which has been successfully operating in the market for many years, we know exactly what is important in real estate financing.

Our service is characterized by several features. A key element is the neutral advice – we act as an independent provider, which can fall back on financing offers of more than 400 banks. In the first step, we always focus on optimizing the financing of our customers, taking personal needs into account.

In the next step, the loan search takes place, which we take over completely. That is, our experts review the market to identify the banks with the most attractive financing options. For our customers, this means finding a suitable real estate loan quickly and at the same time unerringly.

 

Real estate loan, comparison

Real estate loan, comparison

 

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