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Immediate loan repayment

Side view of young businessman using laptop in office. Male professional sitting at conference table working on laptop computer.

If consumers have to finance a purchase that is necessary for them and sometimes cannot be postponed, this generally does not pose a major problem – provided that they have a credit rating. The consumer pays off the loan with a payment that is specially tailored to his personal and economic circumstances At the last installment, the loan is then paid off in full.

It is not uncommon for the loan agreement to include an option that allows the borrower to make a higher repayment rate free of charge during the term.

Immediate loan repayment

Immediate loan repayment

However, what is not possible in the context or is very difficult because expensive is the possibility that consumers want to make immediate repayment of their loan. It is certainly understandable if borrowers have a certain amount of cash and then wants to use it to repay their liabilities. Ultimately, every borrower must know that an immediate repayment of the loan is only possible by paying a prepayment penalty.

The bank does not expect the borrower to pay off the loan early and plans the loan installments to be paid in the work process. However, if the customer strives for immediate repayment, the bank escapes the interest payments, for which the borrower then has to pay a prepayment penalty. The amount of this “penalty fee” depends primarily on the outstanding loan amount and the remaining term of the loan.

There are situations in which a borrower has no choice but to make immediate repayment of their loan. This is the case, for example, if the loan is financing a property that is sold during the ongoing fixed interest period. As a rule, the buyer of the property does not take over the ongoing real estate financing, but the existing loans are replaced by the purchase price.

The fact that the rate fixation phase

bank

Also runs with the purchase rarely happens. And then the above-mentioned regulation applies with the prepayment penalty, which can sometimes turn out to be quite significant, especially with real estate financing with a loan amount of several thousand euros.

And in the worst case, the proceeds from the sale of the property are not enough to repay the loans, including the prepayment penalty that is then payable. As a result, the difference either has to be included in new real estate financing or has to be paid off using a “normal” consumer loan.

If you are actually thinking of repaying your loan debt as soon as possible when concluding a loan contract, you should rather arrange a short term with your bank instead of immediate repayment. This is naturally a little more difficult with real estate financing, but with consumer loans, consumers can save the early repayment penalty if they want to repay the loan quickly.

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Refinancing of construction loans.

 

Real estate financing fraud

Real estate financing fraud

Real estate financing fraud cases Real estate financing, cancellation of counterfeit signatures by the bank’s adviser. Dear lawyer, Our litigation is multi-layered, but the bottom line is deciding how we should proceed. The current orders are open and void because they did not meet our expectations; they were not discussed with us, were not available to us before the conclusion of the contract or were signed by us.

All the signatures on the documents received afterwards are imitated (six signatures of which we know today). We found the explanation of the current financing model incomprehensible. After this date, we noticed the other false signatures on the supposedly ongoing orders that were sent to us by e-mail.

To quantify our damage, we were commissioned by a lawyer, but he did not see the contract network continuously. It was also very difficult for him to review the allegedly signed agreements. We were looked after by a former BHW employee and another BHW branch. The answer was later postponed, the process would take a little more time. Shortly before Christmas, we urged to answer, but were again postponed in writing.

No effective loan arrangements 

No effective loan arrangements 

Our pending ineffective contract with possibly very invalid conditions will be continued all the time …….. Our questions: We now want to take legal action against and (“first”) require a response with legal assistance. Hardly any lawyer is familiar with the “tricks” of the BHW construction method and was therefore able to judge in a second work step what sums were withheld from us.

Best regards, This answer is from 19.01.2015 and may not be up to date. Ask now your current question and get a legally binding answer from a lawyer. Dear questioner, On the basis of the information provided, I would like to give you a binding answer to your questions: First, the agreements are not entirely inefficient, but no effective loan arrangements have been concluded.

Please note that the leases are not in effect, but that you are ready to conclude new loan agreements. You also inform us that in the event of an amicable settlement, you will waive a complaint to the Swiss Supervisory Authority and will not file a criminal complaint. Please let us know that if no settlement has been reached by then, you will bring the lawsuit to court and not just report it to the Authority and the Attorney General.

In principle, the specialized lawyer can also file a complaint with the Federal Financial Supervisory Authority and the Attorney General. In answering your question, I hope I have made a clear statement and thank you for the trust placed in me. Dear colleague , We have followed your request, have written the letter and received a negative feedback. Therefore, we appreciate your interest in finding a qualified lawyer in our area.