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Specialists in granting mortgage loans to individuals and companies. Alternative solutions to traditional banking.

Debt reunification

Debt refinancing

Urgent mortgages

Home Equity Loans

We stop liens and auctions

Loans for acceptance of inheritance

Private equity loans

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(+237) 34 3453

info@ratenan.com

Building New Bastos, 607 Road 1792, 15e - 08036 Yaounde

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Risks and Warnings

RISKS AND GENERIC WARNINGS FOR THE FORMALIZATION OF MORTGAGE LOANS

1.- Contracting a mortgage loan implies assuming important monetary obligations, so it is advisable to seek advice prior to contracting, compare the different products on the market and be conveniently informed of the consequences that may not be able to assume the commitments acquired.

2.- Yaounde Mortgage Servicing, SL (hereinafter BMS) offers intermediation services with private equity investment companies and not banks. The possible financing offers that BMS will offer as an intermediary respond to the prices of the alternative channels to traditional Banking, with ordinary interests higher than those used by commonly known Financial and Credit Institutions; This higher price responds to the greater risk assumed in the financing of Clients with temporarily restricted or restricted access to traditional Banking, attending to their circumstances in a competitive and professional manner.

3.- The Client must be in their full cognitive capacities to be able to contract. Any concealment or omission of relevant information in this regard from BMS will lead to the exercise of actions against it.

4.- BMS requires its Clients to provide truthful and authentic information, the Client being responsible for the documentation and information provided, being to the detriment of the Client any deception regarding their ability to repay the loan or future solvency, as it could be To the detriment of the guarantees provided at the time of contracting.

5.- For the comparison of mortgage loans, it is useful to compare the Annual Equivalent Rate (APR) of each of the products offered , made up of both the nominal interest and the other commissions and expenses related to the loan.

6.- The loan with a mortgage guarantee is a business unit based on related and non-expendable contracts, in such a way that due to the characteristics of the borrower, the granting of the loan would not have been accessed without the consent to provide a mortgage guarantee.

7.- The borrower must inform the lender of any variation that may exist in the criteria analyzed on the financial solvency of the debtors.

8.- The borrower knows and expressly consents that the lender request and consult his financial situation in Solvency Databases, both public and private.

9.- The Client has the right to examine the Draft of the Mortgage Loan Notarial Deed 3 days in advance (or more in case of extension of the term by regional regulations).

The borrower has the right to elect a notary in the judicial district that is related to the subjective elements involved (parties to the contract) or to the actual element of the contract (mortgaged property). The choice can be made by telematic means plus the subsequent appearance in the chosen notary's office or simply by appearance in the notary's office for the lifting of the corresponding notarial act.

Likewise, the borrower has the right to receive, free of charge, from the notary the advice he requires for the formalization of the contract, without prejudice to the answers to the doubts that he may direct to the lender.

10.- Contracting a mortgage loan implies assuming important monetary obligations, so it is convenient to compare with other financing companies.

11.- The Client must be aware that their economic situation may vary during the term of the loan and must analyze and agree to their obligations regarding the mortgage loan under this premise.

12.- In the event that you foresee the lack of timely attention to the payment of the committed installments, it is advisable to inform the creditor entity as soon as possible, in order to be able to analyze alternatives that avoid the early termination of the loan and the execution of the guarantees provided.

13.- In the event of non-payment of the loan, you may lose ownership of the mortgaged property . Despite this, and in the event that the guarantee does not cover the total amount owed, the Client must be liable for the remaining debt and the interest generated by it, with all its present and future assets.

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