Pluscredi offers healthy, conscientious and positive credit. For this, it is important to act with transparency and clarify some myths about Secured Credit.
Have you ever heard that expression “Doctor, football coach and crazy, everyone has a little”? For when it comes to money, “folk wisdom” also usually plays a lot of pieces. So it is quite possible that you have already heard some myths about Home Secured Credit out there.
1. Secured Credit is very bureaucratic
The bureaucracy and procedures required to secure a Home Secured Credit are the same as other types of financing. They are necessary to ensure the safety of the client and the financial institution.
However, anyone who has tried to lend to traditional banks or tried to do a simulation has certainly been surprised by the amount of requirements that banks require.
Here at Pluscredi these processes are made easy and quick and convenient for the customer. After all, the intention is to help you get out of a financial situation and not make it difficult. The process is 100% online and you finance your home without leaving home!
2. Lending over the internet is not safe
Just as “the artist goes where the people are”, with the internet and the changes in habits resulting from it the companies have also adapted to serve the consumer wherever he is. That is, online.
Thus, fintechs have created such a safe and reliable environment for consumers to simulate and borrow over the internet as they would at a physical bank branch. With an advantage: without having to go through the hassle and inconvenience of those revolving doors.
3. Every loan is bad
The reasons that lead a person to borrow are various. If, after hiring, the consumer was able to reach his goal and honored the debt contracted without resorting to a new loan, it can be said that the credit was good.
The logic is simple: If you took a credit and your return on investment was higher than the interest you paid, it is because the loan was worth it.
4. The property offered as collateral cannot be sold
Yes, it is possible to negotiate the good before the end of the contract. The main reason for this is that even though it is under warranty, the property is still yours and you can do whatever you want with it.
For this, the buyer of the property must pay the outstanding balance with the bank or financial institution to cancel the chattel mortgage. The remaining amount will be paid to the owner.
5. The property has to be mine
If the property owner agrees and signs the contract, everything is fine. For this, the property owner will also be responsible for securing the installments.
Detail: This owner doesn’t even have to be related!
6. The property must be paid off
Not having the property paid off is no problem when applying for a secured credit. As long as more than half of the funding has been paid off, you can apply for credit.
In this case, a refinancing is made: the bank balances the previous debt and grants the remaining amount to the customer.
7. Money must be used for a specific purpose
In addition to lower interest rates and longer terms, another major advantage of Home Secured Credit is its free use.
Once your registration is approved and the money is in your account, it will be yours, and you can use it as you see fit: from paying off larger debt to investing in new business, traveling, or building and renovating. real estate (including that presented as collateral).
8. Have to make advance deposit
Neither online credit nor any other type of loan should request advance deposit to release the requested amount. If the company requests this, stay tuned: it has to be a scam.
9. The bank or financial institution wants to take my home
Even though it is one of the safest and most recommended credit lines in the financial market, and with the lowest rates and longest payment terms, this is still what some people think when it comes to offering a property as collateral. But it’s not true!
Your property, for the financial, is like the insurance of your car: you are safe and do not intend to use it. But it is thanks to him that you travel more quietly around, enjoying the scenery in a good way. After all, if an incident happens, you know you are protected by it.
Similarly, the finance company only wants to rely on the security of your property, not take it from you. It is this security option that allows the institution to offer you healthy credit. With lower interest rates and longer payment terms than most traditional lines of credit.
So you can trust: When we offer a Secured Credit, we want you to get a healthy credit and not keep your property .
10. No need to prove income
Some people believe that because they are placing a property as collateral, there is no need to prove income. But it’s not like that!
Here at Pluscredi we understand that “every case is a case” and every trader must have respected specifics in their credit analysis. Thus, we analyze all of its financial movements to compose income, regardless of whether they come from individuals or companies.
Did you see!? Now that we ‘ve gotten’ over there ‘in these online Real Estate Credit myths, how about doing a simulation?