Home Equity Loans up to $ 300,000 USD.

 

Across Lender is a credit institution that makes mortgage loans of $ 5,000 up to $ 300,000 with a repayment term of 1 to 20 years.  It is 100% focused on the signing of mortgages between individuals, being very different from the banking ones since they are used to obtain urgent liquidity, exit the Financial Credit Institutions, cancel debts, etc.

Characteristics of the Swiss Invest Mortgages

Characteristics of the Swiss Invest Mortgages

Here we are going to show the conditions of the collateralized loans signed by the company, being the following.

Amount and return period Spin Lender

Across Lender allows borrowers to request amounts between 5,000 and 300,000 USD, and no greater amount is possible regardless of the value of the guarantee.  It does not matter if you contribute a real estate valued in millions of USD, this lender establishes the limit at $ 300,000. As for the term to return the money, you have from 1 to 20 years, being a usual term in private capital.

Interest rates

The interest rate applied by the entity in the mortgage firm is usually between 12% and 16% per year depending on the term established. The longer the term set by the applicants, the higher the interest rate.  Although compared to bank mortgages it is a high APR (Annual Equivalent Rate), it must be borne in mind that these are private loans.

Spin Lender interests therefore we can affirm that they are in the sector average.

Switzerland Invest accepts Financial Credit Institutions

The answer is yes, when dealing with mortgage loans it does not matter to be included in lists or files of defaulters such as Financial Credit Institutions and others. They do not analyze the solvency of the client according to the Financial Credit Institutions but rather at the equity level.

Therefore being in some list as Financial Credit Institutions does not have to be a problem.

Required documentation

In order to apply for one of these loans on home from Across Lender it is necessary to provide the following documentation.

  • Simple note of the property (It can be physically requested at the Property Registry of the locality of the property or through the official website at registradores.org )
  • Receipt IBI or Real Estate Contribution Tax.
  • DNI of the credit holders and signatories.
  • Photos of the property inside and out. In case of having an appraisal it will not be necessary.
  • Justification of income such as payroll, pension, benefit…

Spin Lender Simulator

Once the request is made, you can ask the entity to send you a simulation of how the financing would look.

On the web we have not found any simulator however if there are several representative examples of mortgage.

Types of SwissInvest Mortgages

Types of SwissInvest Mortgages

If you go to this financial institution you will discover how many are the mortgage loan offers that they can offer you.

According to how the payment is made

It is necessary to differentiate according to whether the payment is made with lack of capital or without lack, which is what we explain now

Mortgage with Lack

It is a credit with a real estate guarantee where the borrower only pays interest monthly leaving the principal unamortized. It is the ideal option when customers want to pay a reduced fee, wanting to make a refund at the end of the term or at the time they want. For example, if you are waiting to sell a property you can make the return with the collection of that money.  It is not necessary to wait for the maturity of the loan, the cancellation can be done before the payment date.

Non-grace mortgage

It is a credit on a mortgage where the client pays principal + interest with which the installment to be paid will be higher.  If you want to repay the loan from the beginning, this is the ideal option, although in return you will have to bear a higher monthly fee.

Across Lender offers two different types of private mortgage, being what we show below.

Across Lender offers two different types of private mortgage, being what we show below.

Debt reunification with Mortgage

Through these home equity loans clients can reunify or group their debts / credits into one.

In this way they can achieve two things:

  • Save money provided that with the new loan the installment to be paid is lower due to the lower interest or the longer repayment period.
  • Organize payments much better by putting all debts together into one.

Spin Lender Inheritances

Are you managing an inheritance but everything costs a lot of money? Do you want to put the property in your name but the tax payment prevents it?

Make the acceptance of inheritances with mortgage credit. You can apply for this mortgage and put on real estate.

Mortgage Guarantee Requirements

Mortgage Guarantee Requirements

Surely here you will want to know what are the requirements that must be fulfilled to be able to access the Across Lender loan being the ones indicated here.

  • You have to be of legal age
  • Have a guarantee free of charges.
  • The value of the property must exceed 60,000 USD.
  • Customers must be able to justify demonstrable income of some kind.
  • It is necessary that all the owners of the property sign the credit, including the beneficial owner, if any.

Swissinvest home equity loans therefore have more or less the same requirements as in other private equity companies.

Whereas before the justification of income was not necessary for some years on the contrary if it is.  For those looking for personal mortgage guarantee loans, tell them that they do not exist as such.  A personal loan is by definition a credit without collateral and therefore it makes no sense to provide a guarantee.

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