Everyone today may need to borrow money against their real estate collateral. The amount needed may also be small. Any person of the Republic of Latvia who has reached the age of 18 and owns any real estate (house, land, apartment, building, office space) is eligible for the loan. A mortgage loan can also be obtained if the property is inherited, not privatized or not even registered in the Land Register.
According to discussions with investment specialists
It is possible to settle the mortgage loan even for those who have previously been in debt or are still on the list of debtors. The loan amount depends on the value of the pledge. In case of non-repayment of the loan, the real estate will become the property of the bank.
You can also apply for a mortgage on the Internet. A mortgage loan can be used for any purpose, not just for the purchase of a specific property. Usually, processing a loan application and getting advice is free. The interest rate is set individually. It depends on the location, area, legal and actual status of the property.
It is easy and simple
To get because you do not have to submit different statements on monthly income or pledge declarations. Even more, the availability of quick loans is greatly facilitated by the fact that it can be obtained as an SMS loan; after registering on the lender’s website all you have to do is send a text message and the required amount of money will be credited to the client’s account in no time.
The main advantage is that credit can only be started after graduation or in case of discontinuation of studies. Student loan is usually useful for young people who are no longer dependent on their parents and who want to continue working hard, as the loan is mainly used for urgent purposes such as rent, study materials and also food.