How to take out a mortgage?
Using a loan is becoming more common for individuals. If banks tend to prefer people with jobs, the unemployed can also apply for a loan in Belgium. In the nuance of conventional personal loans, your record for an unemployed personal loan must be picky.
Also, every detail will have to be taken in importance to satisfy the agent in charge of analyzing your unemployed loan application. The advice of a broker can tip the scales in your favor. Your request will reflect a mature reflection.
Today and due to the fact that unemployment benefits have become degressive, an unemployed person alone no longer knows how to take out a mortgage 125 in order to acquire his home. Before, it was enough to end up in the social loan in the Walloon Region to have a chance to benefit from an agreement for his loan application.
This time is now over. On the other hand, an unemployed person can be totally taken back as a co-borrower in a case where the person who takes the main loan is an employee. We will obviously consider his allowances as replacement income.
The social loan has been put in place to help people with a minimum income in managing their unstable financial situation. For example, if you want to furnish your home urgently, you can contact the Public Center for Social Action (CPAS). You will reimburse a minimum interest rate (currently 2%) on a loan of up to 5 years and you receive assistance on the application process.
This is how the bank can grant you a loan by being unemployed if you have a person who is a guarantor and has no history of “bad” credit. it is recommended that this guarantor has sufficient income for his personal and over-the-market payments to support the borrower’s credit responsibilities should this prove necessary.
Refusing your request
If after having tried all the above solutions, you are still refusing your request? We advise you to go through a broker or credit intermediary who can press and make your request even more careful than it already was. It is sometimes mandatory to use the services of an expert in the field. It can guide you to the best possible solutions for this type of financing. This will increase your chances of benefiting from your request.
Unemployment is a complicated situation, not only financially but morally. Whatever the reason, we will have to find a way to survive it effectively. When over-indebtedness awaits you, because you live in the impossibility to repay outstanding loans and debts, you must find an answer to deal with this problem of insolvency.
One of the recommended solutions for the unemployed is mortgage refinancing. Although it is aimed particularly at people with pleasant incomes, the unemployed can achieve this under certain conditions.
Some credits for the unemployed made talk about them badly, others for good. Be careful to choose your personal credit. Validated credits have more suited creditors than debtors, while micro-credit will have better notoriety (as unemployed credit). Also pay attention to your debt ratio before making a loan. it is necessary to take care of its financial situation to avoid being stuck to the bank of France and become a banking prohibition.
To recover a credit for unemployed, it is also possible to apply to the Adie (Association for the Right to the Economic Initiative). This organization offers micro-credits, the amount of which can not exceed 3,000 USD. On the other hand, it is obligatory to motivate one’s efforts and one’s project, which must be part of a job recovery perspective.
Being in a situation of having to take credit without payroll may not seem obvious. It is really difficult to take advantage of a favorable response for granting credit in traditional banking institutions. However, there are solutions to receive funding. Not having a payslip does not imply that you do not have access to credit.
Let us return to the three scenarios of the jobseeker at the end of the law, the owner free from all sources of income and from the recent unemployed person. The first has the most difficulty in negotiating a loan, because he has no guarantee. It must be borne in mind that credit organizations are for-profit entities and not social associations. There is no question for them of taking risks.