Some of temporary benefits and discounts

The action you offer home loans with favorable interest rates and the ability to pay 25% of the approved loan amount in non-designated purposes.
The maximum repayment of housing loans is 25 years.The interest rate of Sparkasse package for users:
NCS 6.6% APR = 7.29% for loans with repayment period of up to 10 years
NCS 6.8% APR = 7.25% for loans with repayment over 10 years. 
Collateral Loans:
When applying for any of the offered loans offer you the flexibility of the combined security instruments in accordance with your abilities guarantor, mortgages, insurance, deposit and other security instruments.

Documentation

When raising bank loans usually require the same (general) documentation that must include:
     completed loan application form
     photocopy of ID card (or a document on which the identification number is written)
     last payroll certified by the employer (authorized person)
     PK1 card for the current and previous year certified by the employer and the Tax Administration
     for retirees confirmation on the amount of the pension certified by Bureau
     copy of the card or checking account books

With mortgage loan for a fiduciary transfer of ownership of the property to the Bank, whose estimated value must be at least 2 times higher than the required loan amount. Here, the Bank will also seek land registry extract (original), which also must not be older than 15 days from the date of application, and as collateral for property insurance against fire and other hazards endorsed in favor of the Bank.

What are conditions that must be fullfiled?

To join a mortgage on a property is required, in a strictly prescribed written, expressed the will of the owner of the property and the mortgage lender to a mortgage on the property by registering for a required amount of loans and interest stipulated or agreed. This is usually done in the form of a special contract, but can be regulated in the contract of sale of the apartment, house, etc.

Home loan or mortgage rates

Many people are asking themselvs what is better solution to take.Loan or mortgage rates?Both have some advantages and disadvantages.Difference is in cover for that money you borrowed.Mortgage rates are smaller and cheaper because Bank of America have insurance for cash that lended to costumer.No so much pressure like in cash credits.Cash credits are smaller sum of money and short time during repayment.

Bank of America introduction

Bank of America has good reputation over hundred years and its one of the greatest American banks.Tradition and working with clients very greatful,led that bank to top and over 30 millions clients in USA.Bank of America is especially oriented to home mortgage rates so we will talk about it in other articles.  

Home mortgage rates

Special opportunities for home mortgage rates especially on the end of the year.Actions and discounts,better situations for take credit on mortgage.Bank of America is giving small interests in this time,especially for people younger than 30 years.Smaller interest 5 percent than last year is good opportunity to take larger sum of money.