Good lender Personal Loan offers its clients a flexible mortgage. This is quite an interesting offer worth looking at. At the very beginning it is worth finding out what are the maximum parameters of a given mortgage.
How much the bank can lend us and how many years it can be repaid
In the case of a flexible mortgage loan at Good lender Personal Loan, the maximum amount of the liability is USD 1,500,000. The amount is very large, which is why a fairly long loan period would be useful. Here, the bank also met the clients’ requirements and they can extend the loan for up to 30 years. For the maximum loan amount with the maximum loan term, the loan will generate a cost of USD 891 894.
A very large sum, because it accounts for more than half of what we borrowed at the beginning. As for loan installments, they will be USD 6,644 and the APRC will remain at 3.98% per annum. It’s also worth checking out the smaller loan amount. By borrowing for a period of 30 years, but with the amount of USD 200,000, the liability will cost us USD 118 906. Each of the monthly installments will be around USD 886. APRC will not change. On the helpline provided by the bank, you can very carefully ask for all the details of the offer.
The bank introduced certain restrictions
On the age the borrower must have to receive the commitment. Here he must be at least 21 years old but not more than 70 years old. The liability may be spread over a period of 36 months, i.e. 3 years, up to a maximum of 360 months, i.e. 30 years.
You can easily adjust the number of installments to your financial capabilities. The minimum amount that the bank makes available to us is USD 30,000. Very quickly, the funds from the loan go to the borrower’s account. The bank has limited the number of documents needed to submit an application to a minimum. We need an ID card, a document confirming our income and documents regarding the property. LTV for flexible mortgage remains at a maximum of 90%. It is a loan with minimal formalities on quite good terms.