Date: September 04, 2018 Age: 32 Gender: Female Marital Status: Married
Closing Fee
Financial companies use the same formula to calculate interest rates, but the NIM must be much higher, as loans at financial companies are very risky and potentially costly. NIMs can be up to 20% to 30% so that if you lose your capital in one, there will be three to five new loans to lose a loan before.
Interest Rate
The greater the risk of a loan, the higher the interest rate. As a matter of fact, the more risky and easy-to-lose loans a bank has, the more it needs to boost its lending and interest rates, the higher the rate of NIM. For example, a bank with a NIM of 2% means that if you lose a loan worth 100 dongs, they need 50 new loans to make up for a 100 dollar loan that can not be repaid. that capital.
Loan Officer Service
This real interest rate includes the interest charged for the whole year plus the type of fee that the borrower pays. "We have never had such clear rules. Can not get people to computer time to know how much a year to pay the bank with such loans.
Overall Rating
Pros
It is necessary to take measures from state management agencies such as the State Bank of Vietnam and the Ministry of Finance to curb the interest rates currently in place in financial companies.
Cons
Specifying a specific lending interest rate of 35% per annum, this is a very high interest rate prevailing in financial companies. The interest rate of up to 50% is considered an "exorbitant" interest rate, rating usury no less than black credit.
my closing costs were covered by the seller. I didn't have to pay any.
Interest Rate
it is a good rate for the current market but I would of course like a lower rate
Loan Officer Service
the loan provider was very prompt. they also were willing to communicate mainly by email which was easier for men
Overall Rating
Pros
they are very personal and often checked in with me during the process
Cons
they aren't very well known, so I was a little hesitant but they did well
Date: June 04, 2018 Age: 30 to 39 Gender: Female Marital Status: Unmarried
Closing Fee
The seller of the home is paying all closing costs so I am happy with it.
Interest Rate
The interest rate is comparable to other lenders, so I'm not upset about it. However, I still wish I could have gotten a lower rate.
Loan Officer Service
They are quick to respond and I've had no problems.
Overall Rating
Pros
The lender has been easy. They are quick to respond and have explained everything. They also haven't bothered me too much and didn't require too much paperwork.
Cons
I didn't know about them before this mortgage but I had personal recommendations.