Wednesday, October 20, 2010
But you can still refinance your house in your country, the money you can loan from any bank in Kuwait like BKME, NBK bank, Al ahli Bank Kuwait etc.When you aply the form they will ask you for what that loan, you can answer correctly,no need to tell lie.
There is many reason why we need to refinance home loans. One of the most common reasons is the much lower interest rates. Another reasonare to pay off exorbitant credits card, for home improvement purpose and the last one rebuilding of bad credit score.Thats all is point to consider before you have done.
Tuesday, April 7, 2009
- kfw (Germany)
- Caisse des Depots et Consiggnations ( CDC),France
- Bank Nederlands Gemeenten (BNG), netherlands
- Landwirstchaftliche Rentenbank, Germany
- Rabobank, Netherlands
- Landeskreditbank Baden-wuerttemberg Foerderbank, Germany
- NRW Bank, Germany
- BNP Paribas, France
- Banco Santander, Spain
- Royal Bank of Canada, Canada
- National Australia Bank, Australia
- Commonwealth Bank of Australia, Australia.
- Banco Bilbao Vizcaya Argentaria ( BBVA), Spain
- Toronto-Dominion Bank, Canada
- Australia & New Zealand Banking Group, Australia
- Westpac Banking Corporation, Australia
- Banco Espanol de Credito S.A ( Banesto ), Spain
- ASB Bank Limited, New Zealand
- HSBC, United Kingdom
- CREDIT agriccle, France
- Wells Fargo, United states.
- Nordea Bank, Sweden
- Scotiabank, Canada
- La Caxia, Spain,
- Svenska Handelsbanken, Sweden
- US Bancorp, United States
- Banco Popular Espanol, Spain
- DBS Bank, Singapore
- Pohjola Bank, Finland
- Deutsche Bank, Germany
- Societe Generale, France
- Intesa Sanpaolo, Italy
- Bank of Montreal, Canada
- DnB Nor Bank, Norway
- The Bank of New York Mellon, United States
- Caxia Geral de Depositos, Portugal
- United Overseas Bank, Singapore
- OCBC, Singapore
- Axa Bank Europe, Belgium
- Credit Suisse Group, Switzerland
- Landesbank Baden Wuerttemberg, Germany
- Nationwide Building Society, UK
- CIBC, Canada
- National Bank of Kuwait, Kuwait
- Barclays, Uk
- UBS, Switzerland
- JPMorgan Chase, US
- Bank of Tokyo - Mitsubishi UFJ, Japan
- Banque Federative du Credit Mutuel ( BFCM), France
- Credit Industriel et Commercial ( CIC), france
Saturday, March 21, 2009
Tuesday, March 10, 2009
A mortgage is the transfer of an interest in property to a lender as a security for a debt, usually a loan of money.Before refinancing investigate diverse loans, finding the finest loan with the most investment should be main goal. Customers should want between and adjustable rate and fixed rate mortgage. Even though mortgage loan interest have begin to rise.Some customers continue to receive the benefits of mortgage refinancing loan to save the wealth.
The advantage when you refinance loan is that you can reduce the number of debts to be managed, from several accounts to just one — the new refinance mortgage. In addition, you can have all your consumer debts now attracting high interest rates become part of the new mortgage and be charged at the lower home loan rate.
The disadvantage when you refinance mortgage is that your home loan repayments will get bigger along with any recent rise in home loan rates or interest rates in general. In times when more rate rises are likely, the refinance loan option may add to mortgage stress.
One other downside is that you will have to pay interest over a longer period of time. A mortgage may last up to 40 years, so more interest will be charged on your original debt in the long run.
Steps to Refinance Mortgage
It is very easy to refinance mortgage, especially when you already have substantial equity in your home.
1. Contact your mortgage lender or mortgage broker.
If you really want assistance to find the most favourable home loan rate, a mortgage broker you trust may be more helpful. Mortgage brokers usually have information on the applicable rates and terms for refinance loan arrangements from various lenders. If you still want to work with your existing mortgage lender, it is to your advantage to get an idea of refinance mortgage rates before you sit down to negotiate with your lender.
2. Apply to refinance loan.
Once your mortgage broker has found a suitable lender, or you are ready to talk with your existing lender, you can proceed to apply for the new mortgage. Borrow only what you will need; remember, you could lose your home if you borrow too much and later on default on the refinance mortgage repayments. Don’t forget to include supporting documentation that is required in the application.
3. Await lender’s action.
The lender will evaluate your application and (hopefully) approve the loan. They will also prepare the documentation for the loan.
4. Arrange for settlement of fees and charges for the refinance loan and the drawdown.
Costs of Refinance
When you refinance mortgage, you are terminating your current mortgage earlier than scheduled and replacing it with a new one. You will thus have to consider exit fees, early repayment charges on the existing loan and/or discharge fees on the existing mortgage.
The other charges you had to pay when you first took out your mortgage will have to be paid again. So you must consider the costs for lender’s application and settlement fees, lender’s mortgage insurance, property valuation fees, registration of the new mortgage, and stamp duty (where applicable).
If the savings you expect from mortgage refinancing will exceed the costs associated with it, including the exit fees, then it will make sense to refinance loan. While it may be desirable, or even necessary, to refinance mortgage in some situations, do remember to work out the figures. Your mortgage broker can help you weigh the decision. Failure to do so may cost you more over time.
Saturday, March 7, 2009
many owner stopped making building due to this issues, some of the building half done.Unfortunatelly bank also stopped to give home loan. Specially for expatriat loan, ABK bank raises expart salary limit for loan.Bank only received expatriate customers with a salary minimun 500 kd or more. In a tightening of its leading policy, the bank is only considering expatriate customers for a home loan if the earn a minimum 500 kd a month.This is a new lending policies are regularly changed according to market condition.
On November 2008 bank still give loan for expatriate who having salary below 500 kd. As we know who is working in ministry of health as nurse who came in year 2000 or below having very less salary. They are salary beetween 350 kd till 390 for diploma nursing if they are working in special area hospital. Who is working in clinic more less salary. Lucky for bacth who came after that year, they are salary more and more who came the latest.