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Refinancing - taking out a new mortgage loan (usually at a lower interest rate) to pay off an existing mortgage (generally at a higher interest rate). Refinancing can lower your monthly payments and shorten your repayment term.
Using your real estate as a collateral, AmCredit offers to refinance your existing mortgage loan with another bank.
Quick application for an execution of a loan - Consult our customer managers and explore your possibilities:
-You will learn the maximum amount and the maturity term of the loan
-You will be told the amount of monthly payments - Fill in the loan application and send it to the customer manager. You may do it at our homepage on the Internet, if possible. Prepare and submit all other documents required for applying for a loan
- The decision on the loan conditions will be issued in 1-3 days
- Sign the loan agreement and make a notarised collateral agreement. After the entry into the agreement, the notary fee and the state fee must be paid. Insure the collateral with an insurer acceptable to AmCredit
- The requested loan amount will be transferred to the bank account
| Loan Terms |
| Currency: |
EUR, USD |
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| Intended purpose:: |
refinancing of existing loan |
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| Amount: |
starting from 10 000 EUR |
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| Maximal loan amount: |
up to 90% of the collateral value |
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| Loan term: |
up to 35 years |
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| Collateral: |
real estate |
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| Monthly payment: |
40% of the monthly net income of the family |
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| Interest rate: |
marginal + 6 months' Euribor, if the loan is disbursed in euros |
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marginal + 12 months' Libor, if the loan is disbursed in dollars |
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| Origination fee: |
1% of the loan amount |
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It is possible to take a mortgage loan without origination fee. Call us and ask!
Documents required for applying for a loan - Loan application from AmCredit (available at www.amcredit.com)
- Salary certificates of the person(s) applying for the loan. Certificates concerning other income, if any
- Account history of the person(s) applying for the loan for the past 6 months
- Appraisal report of the real estate serving as the collateral for the loan. Choose the appraiser from the list of real estate companies acceptable to AmCredit
- A calculation of repairs or building work, in case of refurbishment or construction of housing
AmCredit may request other documents in order to analyze the loan application, if necessary.
Repayment of the loan
The loan is repaid on a monthly basis, in accordance with the payment schedule agreed upon.
To allow us to assist you in finding a suitable housing loan for you, call or visit our office.
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