However, even then it will be necessary to observe a number of important formalities, among which is the fact that cost of urban real estate serving as collateral must not be lower than the estimated amount of the loan. When it comes to the apartment bought on a mortgage, the heirs to repay the loan jointly, in proportion to the share they received. The Bank, in which you arrange a loan initially, you will not be able to prevent it, so as to extinguish the credit ahead of schedule is not prohibited. For example, if the Bank unilaterally amended the contract. However, if you are not satisfied with the terms of the loan, you don't have to go to court and terminate the contract, in order to improve them.
In General, termination of contract by the borrower, the procedure is quite complicated, the success of such initiatives rarely end. If you have already applied for a loan on bad terms, you might think that the Bank lied that the Treaty violates your rights, you can still try to terminate it. The Bank approves his application, but includes in the credit agreement a lump sum payment for the issuance of money.
In any case, until he attains the age of majority. it can change throughout the term of payment more than once. Thus, both the lender and the prospective buyer of country property can be fully confident in the cleanliness of the documents on the lot under construction. Usually the initiators of termination by banks. Financial institution, in turn, may be a kind of indicator of the reliability of the developer, because of serious financial institutions are ready to cooperate only with honest, reputable and successful construction companies. It's a dark, gangster and totally unfair scheme. The Bank approves his application, but includes in the credit agreement a lump sum payment for the issuance of money. As a rule, in the office of the institution to a potential borrower will provide the phone number of the financial institution partner, which he will be able to get a wide range of information about conditions of granting of the loan, interest rate and other important aspects. The only problem may occur if you want to refinance a mortgage.