Mortgage Tender – Easily bid for a mortgage online!


For many, buying a home is one of the most important steps in life, and especially with your first home, applying for a home loan at the latest becomes timely. Different banks and finance companies offer several options for mortgages. In the midst of these alternatives, it’s easy to get lost and wonder how to choose just the right mortgage for everything from the Dazzling Selection. However, there is no need to be left alone with the choice of a mortgage, but there is a simple solution to this, namely bidding for a mortgage.

This is how you compete for a mortgage

This is how you compete for a mortgage

Etua.fi makes it easier to apply for a mortgage. No more queuing for a bank and branch – a mortgage loan nowadays that can be competed on the internet – completely without risk. Let the biggest banks in the country compete for you!

What does it mean to tend for a mortgage?

This is how competitive tendering works in practice

At its simplest, bidding for a loan means comparing the loan products of different loan providers. Banks and other financial companies bid on the loan and the related interest and payments based on the borrower’s ability to pay. Factors that affect your ability to pay, such as the age of the borrower, your income, your financial situation, and any health challenges you may have. When filling out a loan application, the borrower must provide the lender with real information about, inter alia, his / her financial situation and income, whereby the lender will consider and decide on the appropriate loan amount and associated loan terms and conditions.

In order for the borrower to find the best deal on a mortgage loan, it’s best to ask as many banks or financial institutions as possible before making a final decision. There are also several loan comparison sites on the Internet whose free services make it easier to apply for loans. It is worth noting, however, that often by approaching banks and financial institutions directly, the offer may be cheaper than using the middleman’s comparison tools. Comparison sites can be a useful help, especially to give you a good idea of ​​which bank or loan provider has the best interest rates and terms of payment.

This is how competitive tendering works in practice

This is how competitive tendering works in practice

It is worthwhile to put some effort into bidding for a mortgage, as it is an economic decision that will most likely be lived for years, if not decades. Well-designed is half done, so it’s a good idea to start preparing for this task carefully.

Gather all the information, documents and attachments you need for your mortgage application. For example, you might want to book a folder for them, where they can stay together easily and carry them when needed. The information required is the income and monthly expenses of the borrower or (in the case of applying for a joint loan), current loans, other assets and collateral, and information on the target home.

Fill out the loan application. In the Internet age, the most convenient way to apply for a loan is to go online. Here’s where you can use the loan application forms on comparison sites to get directions on which loan provider might have the most favorable terms. Completing the loan application itself does not bind the borrower to anything yet, so it is advisable to fill out the application at any place that offers suitable terms.

Most banks and financial institutions respond to an application by sending a loan offer by the next day at the latest. This is where, at the latest, terminology related to loan terms and loan repayments, such as the annual interest rate, is a good idea to study, unless it has already been internalized. Understanding payment policy terms and concepts is an important part of the mortgage application process and, at best, will save the applicant a long penny over the years.

Once you’ve made the decision, it’s up to you to accept a suitable loan offer. At this point, the bank or finance company will agree with the borrower on the terms of the loan. Loan negotiations can be conducted online, over the phone or at a face to face office.

Of course, the final step in applying for a loan is signing the application. By now, the borrower should be aware of the current annual interest rate of the loan and what it means in practice, ie all the annual costs and expenses associated with the loan. Before signing a loan, it is also worth considering how you are prepared for the borrower’s risks in the long term. If you wish, you can protect your own solvency by, for example, interest rate hedging or insurance. Also, find out how you can make changes to your loan repayment plan or apply for a grace period.



Loan without attachments

January 27, 2020