What about some other tips
Do you know, there are two categories of extra payments, about which debtors seem to forget while calculating the cost of credit.
Estimation costs are necessary to determine the amount of credit and to find out whether flat depositing guarantees loan repayment or not.
There’s also a realtor’s fee, of course. Banks prefer to cooperate only with familiar companies. If one falls as a victim of fraud, it’ll be almost impossible to get money back from him in a legal way.
Usually estimators, realtors and insurance companies don’t act under the bank’s supervision. But often there’s an agreement between them and each gets the according profit. There are some advantages for you as well: no red tape and no need to coordinate all your actions with different institutions. When applying for credit you can specify which realtor and insurance company your bank works with so that to decide whether these conditions suit you. Today in terms of tough competition banks try to offer most comfortable conditions for their customers.
However, you should realize that the mission of any bank is profit earning. For the sake of security banks have to take measures to guarantee at least repayment of the given amount and to reduce the risk factor. Please don’t think that banks try to cheat their customers this way. It is the client who makes final decision.