Law office — one of the forms of lawyer formations
According to financial analysts one of the most popular tricks of financial institutions advertising their own loan products are so-called interest-free loans that are issued to potential borrowers in times of celebrations such as new year or Christmas to buy expensive gifts to their relatives or loved ones. Actually the problem is only in that the borrower did not pay attention on such an important point or didn't understand it. Again, this is entirely the fault of the client, so with such a claim in court you can not even walk, he'll stand on the side of the Bank. Moreover, the loyalty of financial institutions in creating these tandem can reach such proportions that they are ready to offer our potential borrowers loans at favorable interest rate, which will be issued against collateral in the form of real estate under construction. It is very often the emotions come across and the young people that get consumer loans only to show off to friends expensive smartphone or tablet and then be repaid over 3-5 years credit for a toy, the activities of which they do not even use half.
When it comes to the apartment bought on a mortgage, the heirs to repay the loan jointly, in proportion to the share they received. This is a fairly new service, so it is provided not in all banks, so will have to try. As practice shows, in anticipation of the holiday euphoria people try to do everything faster than usual, which is why few of us can detect in interest-free loans huge fees or existence insurance policies.
As you know, to change the terms of the contract, and even more so to terminate it unilaterally prohibited. The only problem may occur if you want to refinance a mortgage. It is obvious that the refusal of the inheritance in favor of third parties to transferred liabilities and the payment of the loan. However, in any case, the loan inherited, become a headache not the heir, and his guardians. But when the inheritance is passive part sometimes plays the most active role. It happens this way. After 14 to 18 years and the decision on acceptance of the inheritance and, accordingly, obligations for the payment of the loan, the heir will be considered together with the guardians. Usually the initiators of termination by banks. However, even then it will be necessary to observe a number of important formalities, among which is the fact that cost of urban real estate serving as collateral must not be lower than the estimated amount of the loan.