Mortgage Liquidity: what is it?

Mortgage Liquidity: what is it?

Today we often have to deal with continuous unforeseen circumstances that often drain our bank account. But even for this situation there is a solution. Let’s talk about mutual liquidity.

Mutual liquidity is a particular form of financing that allows you to obtain capital that you can have available without having to declare the methods of use of the amount received.

What to do to get a mutual liquidity?

What to do to get a mutual liquidity?

Mutual liquidity can be requested only in the event that you are in possession of a first mortgage-free home: it is necessary in fact to give your home as a guarantee of the sum requested as in a normal home loan, in addition to having to demonstrate a solid financial reliability that protects the bank or lender from the risks deriving from such a particular type of financing.

What amount can be obtained with mutual liquidity?

What amount can be obtained with mutual liquidity?

The amount that can be requested with a mutual liquidity may vary depending on the applicant’s working condition: an employee can request up to 70% of the value of the property ; a freelancer can request a maximum of 50% of the value of the property.

With mutual liquidity, the applicant can obtain minimum amounts of not less than 30-35 thousand euros, which can even reach more than one million euros. Usually an employee can request a sum up to 70% of the value of the property that serves as a guarantee; a freelancer up to 50%. The holder of the loan must not be more than 75 years old when the amortization plan is extinguished.

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Why is mutual liquidity worthwhile?

Why is mutual liquidity worthwhile?

There are various advantages to choosing this type of financing, such as the fact that the interest rate for mutual liquidity is usually much cheaper than for a personal loan.

The duration of a mutual liquidity can be up to 40 years , against the maximum 10 years granted for a loan. This possibility allows you to pay lower installments over a longer time.

In the case of a loan, the sum granted cannot exceed € 30,000, in the case of mutual liquidity the amount is determined by the value of the property that is mortgaged.

 

In any case, it must be borne in mind that mutual liquidity represents the best solution only for amounts of a certain importance, thanks to the competitiveness of the rates used as benchmarks for the disbursement of mortgages.