fanalord
2011-01-18 12:26:10
- #1
Hello everyone,
I submitted the application at the bank today, I have about 30% equity and I am taking out 70%. The conditions are effectively 3.5%, which I find acceptable.
But so far, apart from the mortgage deed order for the notary, I have nothing in writing; the advisor said that is enough and there will be no problems. My loan agreement will be sent in about 2-3 weeks.
However, the notary appointment is in almost exactly 2 weeks. What can happen if I sign at the notary but the loan agreement does not arrive, etc.? Would you secure yourself better in this case? I have already read that a withdrawn financing can cause great problems. With my data (25, single, no ongoing loans or liabilities, relatively high income, 1/3 equity) I actually assumed there would be no problems and the advisor also confirmed this to me verbally, but what if the bank pulls out after all?
This is my first financing and therefore I am sometimes maybe a bit overcautious. A colleague had the notary appointment 5 weeks after the loan agreement, and I would be afraid that the seller might change their mind and you end up with a signed financing without a property.
So, in summary: is a mortgage deed order sufficient as a commitment for the notary?
I myself only signed the application, but the mortgage deed order was signed by the branch manager + advisor.
Many thanks in advance
Regards
Fana
I submitted the application at the bank today, I have about 30% equity and I am taking out 70%. The conditions are effectively 3.5%, which I find acceptable.
But so far, apart from the mortgage deed order for the notary, I have nothing in writing; the advisor said that is enough and there will be no problems. My loan agreement will be sent in about 2-3 weeks.
However, the notary appointment is in almost exactly 2 weeks. What can happen if I sign at the notary but the loan agreement does not arrive, etc.? Would you secure yourself better in this case? I have already read that a withdrawn financing can cause great problems. With my data (25, single, no ongoing loans or liabilities, relatively high income, 1/3 equity) I actually assumed there would be no problems and the advisor also confirmed this to me verbally, but what if the bank pulls out after all?
This is my first financing and therefore I am sometimes maybe a bit overcautious. A colleague had the notary appointment 5 weeks after the loan agreement, and I would be afraid that the seller might change their mind and you end up with a signed financing without a property.
So, in summary: is a mortgage deed order sufficient as a commitment for the notary?
I myself only signed the application, but the mortgage deed order was signed by the branch manager + advisor.
Many thanks in advance
Regards
Fana