squeezers
2007. In November, Laredo branches arranged a mortgage loan for the purchase of an apartment. We take the USD because we could take a fixed rate for 5 years. So we fixed the next 5 years for about 230 dollars. What seemed interesting to us at the paperwork - the bank did not ask for other credit obligations (the box was, but the credit specialist said that without specifying it is not mandatory). We get your apartment. Last year, in December 2008, a call from a bank wanted to increase the loan interest rate because the borrower had exceeded the limits. We were at a lawyer who explained to us that we didn’t have to sign anything that we we can disagree, because there is a fixed rate for 5 years, and all payments are made on time, there are no delays. Even more interesting will be the fact that the bank, as a guarantor, wanted to attract a person with a NET income of only USD 200, who in fact can not be the guarantor of such a loan amount. We receive a copy of the new agreement from the bank , which we refused to sign. We now receive a call from the bank that we will receive a letter next week about the early repayment of the loan. They are almost 40000 USD! It is not clear how to demand early repayment of a loan if the law requires it to be paid by defaulters and debtors. But we pay time. If the bank were to raise interest rates, we could become insolvent... and the bank would only lose because the market value of the apartment had fallen...
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