If you decide to buy real estate abroad, then there is nothing better and more convenient than getting a mortgage loan in Germany. Almost the same requirements are imposed on foreigners in this country as on the local population. At the same time, interest rates on loans are several times lower than in domestic banks. Owning real estate in Germany, you will subsequently be able to easily obtain consumer loans.
Instructions
Step 1
Study the prices on the real estate market in Germany and the available offers. To get a mortgage, the purchased apartment or house must meet certain requirements. Non-residents of Germany can apply for a mortgage only for real estate that generates income, i.e. leased throughout the entire loan maturity. The object should be located in a promising, good area.
Step 2
Select the bank where you want to get a loan. To do this, enter the appropriate query in any search engine. If you know German or English well, then it is recommended to visit the websites of credit organizations and study the available offers. Pay attention to the term of the loan and the size of the mortgage.
Step 3
Contact a consulting firm in your city that works with banks in Germany. Let us know that you want to get a loan for the purchase of real estate. If you already have a positive credit history in European banks, then you can consult about the possibility of obtaining consumer loans. The mediator will help you draw up a questionnaire and an application, as well as suggest a list of required documents.
Step 4
Confirm your solvency. It should be noted that it is necessary to provide information not only on wages, but also on other types of income, as well as on obligations and payments. As a result, the monthly income is determined. To receive a loan, payments on it must not exceed 35% of this amount. Do not forget to note at what price you plan to rent out the property you are buying.
Step 5
Get a positive decision on granting you a loan. To sign the contract, you will need to travel to Germany. Otherwise, the transaction is executed through the Ministry of Finance and the Central Bank of the Russian Federation. In this case, additional costs will appear and the interest rate will be increased.
