How to take a mortgage without income certificate

Mortgage loans are one of the most popular types of lending to citizens. However, not everyone can collect the necessary documents for its receipt. One of the most common problems when collecting documents is the lack of opportunity to provide an income certificate. But this problem has a lot of solutions.

Bank employees perfectly understand that everyone has the opportunity to show in the help of 2-NDFL all its income, since many receive a part of the salary "in the envelope", and its white part is not enough for repayment of the loan. Therefore, many banks have developed programs for which there is no amount from the reference, but the real salary specified in the questionnaire. You can only find such banks and take a mortgage in them. True, the percentage of the loan may be higher than in other banks.

Enjoy the support of the manual, which will be able to confirm the real level of your income. Banks practice phone calls to guarantors and managers of the company where the client works. In this case, the Bank may take into account the verbal confirmation of your solvency.

If you are not a hired employee in a standard understanding of this word, but you have income from business activities or the provision of services - notary, tutor, lawyer, then instead of income certificate you can provide the bank to the tax return.

If you have an additional source of income, whether it is a rental apartment or copyright, deposits bringing dividends, etc., you can provide the bank documents certifying the receipt of income you, in which you can extinguish the mortgage.

You can take a mortgage at the expense of the property - movable and immovable. If you have property - an apartment, a car, a garage, or other property that can interest the bank, then you can take a loan in the pledge of this property. True, the bank can raise the interest rate in order to reduce its risks.

Also, the property you are going to buy in a mortgage can also come collateral. You will spend its assessment, and the bank will provide you with 50 percent of the established value. Note that an expert assessing the property of real estate should be agreed with the Bank or submit a company with which this bank is collaborating.

An alternative way in which you have about 50 percent of the cost of real estate will allow you to take a loan in the bank. Under the terms of the contract, it will be stated that you undertake to make the first payment of 50 percent of the total cost. In this case, you can also do without a certificate of income.

The financial broker can also help you find options in which your income certificate will not need. In addition, he will increase your chances of getting a loan, performing the guarantor of your financial stability in front of the bank. On the other hand, broker services will cost you a fairly large amount reaching 8 percent of the loan amount.

There are many ways to take a mortgage loan without income certificate. However, almost all of them carry an increase in interest rates and your loan overpayment. Therefore, before using these methods, calculate the options and select the most profitable for yourself.