However, even then it will be necessary to observe a number of important formalities, among which is the fact that cost of urban real estate serving as collateral must not be lower than the estimated amount of the loan. Base this can be a violation of one of the parties to the contract. For example, if the Bank unilaterally amended the contract. If the property was bequeathed to minors, the decision will be for them to take the parents or official guardians. That is, the borrower will have to pay 10 Grand to get funds.
This is a fairly new service, so it is provided not in all banks, so will have to try. However, in fairness it should be noted the fact that people are having and older age, are not always able to boast of prudence. During these six months, we can all think carefully and make the final decision, is it advantageous to accept the inheritance with all debts or to abandon it and focus on paying their own loans.
To accept the inheritance is given a fixed term – 6 months. If the Bank delays the borrowed funds or provides incomplete, then the borrower may require the Bank to comply with the terms of the contract, or to apply to the court to terminate the contract. Refinancing, or refinancing, is a procedure in which the borrower takes a new loan and expense extinguishes the old. For example, if representatives of the credit institution's opinion, the loan was obtained by fraud, and they can prove it in court, the borrower may be required to pay the full amount of the debt immediately. It is very often the emotions come across and the young people that get consumer loans only to show off to friends expensive smartphone or tablet and then be repaid over 3-5 years credit for a toy, the activities of which they do not even use half. Actually the problem is only in that the borrower did not pay attention on such an important point or didn't understand it. You can, for example, can I refinancing your loan. It is not surprising that modern abundance of goods and services directly presses on the brain of those who lived in the Soviet Union, forcing them to commit and make a purchase. That is, the borrower will have to pay 10 Grand to get funds.