The BBI Mortgage Credit offers benefits that adapt to your needs, offering customers a solution to acquire or build their own home. It has a variety of credit modalities so that each client can have several selection options. In the next post you will know the BBI Mortgage Credit: requirements , advantages and procedure that you must take into account when making the application correctly.
BBI Mortgage Credit: Advantages
One of the advantages of the BBI Mortgage Credit is that you can have several types of credit and choose the one that best suits your needs:
BBI Fixed Rate
The BBI Fixed Rate Mortgage Credit is ideal for acquiring a home and rescheduling your debts through a fixed fee which you will choose during the entire credit period. Some of its advantages are:
- The fixed rate mortgage loan has a credit term of 5 to 30 years to pay.
- Offers up to 90% financing.
- You get a month without payment per year that can be selected by the applicant.
- You can take out the insurance of relief, fire and earthquake.
BBI Variable Rate
The BBI Mortgage Credit Variable Rate offers the possibility of accessing dividends lower than the market in the future. Some of its advantages are:
- The variable rate mortgage loan has a credit term of 5 to 25 years to pay.
- It offers up to 90% financing.
- It offers a fixed rate for the first 1 to 5 years of credit, then it will change at a variable rate that will be fixed year by year depending on the TAB.
BBI Pay Half
In case you need help with the acquisition of a new home, the BBI Mortgage Credit Pays Half offers you convenience of payment in the installment of the acquired mortgage credit. Some of its advantages are:
- You can pay half of the dividend in the first two years of applying for the mortgage loan and then you must pay the final dividend.
- You will have up to 20 years to pay the fee.
- It will be financed up to 80% of the total payment fee.
- If the capital and interest has not been paid during the first two years, it is capitalized and paid on a prorated basis during the rest of the loan term.
With the BBI Construcción Mortgage Credit you will obtain financial support for the construction of your home during the process. Some of the advantages of this credit are:
- You will get financial support during the construction of the home from the purchase and preparation of land to the development of the housing project.
- This credit is exclusive to BBI checking account.
The BBI Universal Mortgage Credit allows you to compare between various financial entities that offer the same requested product. Some of the advantages are:
- It has a payment term of 15 to 30 years.
- It is exclusive for housing related reasons.
- No months of grace
- It only has availability for natural persons.
BBI Mortgage Credit – Requirements
To correctly apply for a BBI Mortgage Credit it is necessary to meet the following requirements:
- Be between 18 and 75 years old.
- The holder’s monthly liquid income must be equal to or greater than 23 dollars.
- If the rent is complemented there must be a family income of at least 39 dollars and the co-owner greater than or equal to 16 dollars.
- As an independent worker or individual worker it is necessary to have at least one work year.
- Have a good history of payment behavior.
- Chilean or foreigner with permanent residence in Chile.
- They must be banked at least in the last 6 months.
Procedure to apply for a BBI mortgage loan
The steps you must follow to apply for your BBI Mortgage Credit are simple:
- Find the quota that best suits your needs by testing with different terms and amounts.
- Apply for the BBI mortgage loan meeting the necessary requirements.
- Already with the approved mortgage loan comes the review of the acquired property.
- You must sign the deed of sale together with the bank.
- Once all parties have signed your property will be entered in the real estate conservator.
- Disburse the payment once the property is registered.
BBI Mortgage Credit: requirements, advantages and procedure, is an alternative to obtain the necessary financing for your home, in order to have a space for the protection and protection of your family. If you have questions about this product, you can leave your comment.