Real estate credit is what the bank grants to you if you're looking to finance a property through long-term installments, but how can you get this?
It will always be a great challenge for many people to get that “blessed credit”.
Because each bank offers a different credit release option, there is a whole profile that needs to be completed for this to actually become a reality.
Is a real estate 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 it uses to release a financial loan.
However, it's not exactly like that folks, well, let's go to some interesting information
Personal loans generally have different rates, as the amounts are not as high as a loan for financing an apartment worth 200,000 or 300,000, for example.
So, 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 it out. But let's provide some practical information here.
Real estate credit is released after a usually thorough analysis by the bank.
In general, to get a mortgage loan approved, you need to prove an effective link with an organization responsible for its payment.
How to get credit with a low score?
It's quite difficult to get credit with a low score, especially when you want to buy an apartment or a house. Impossible?
And that's why there are social programs like Bolsa Familia that help many people achieve their dreams.
So, did you find this information interesting? Would you like more information on this topic? Leave a comment, and of course, don't forget to share this content with your friends.