Mortgage preparation
Mortgage preparation: reach the bank with your strengths in order
The bank does not know you. Your report does it for you. A mortgage preparation is a financial study and a report that the buyer presents to the bank personally, without an intermediary. You arrive at the branch knowing what its risk department values, with your case in order. We do not sell mortgages: we prepare you to get one.
Important notice
01 Mortgage preparation
What is a mortgage preparation and what do you gain from it?
You gain clarity and confidence before you sit down with the bank. A mortgage preparation is a service in which Realbit analyses your financial situation and gives you a report to present yourself. It includes an explanation of what you should look at and understand. You talk to the bank and you decide.
The bank studies your profile with its risk department. With Realbit, you study it first and arrive having done so.
02 Mortgage preparation
What do the study and report from Realbit include?
You receive a detailed financial study of your case and a report ready to present. The report collects and summarises the positive points of your profile that a bank’s risk department values, to raise the likelihood that they accept the operation. We also explain what to look at before you sign.
- Detailed financial study: analysis of your situation and of the operation.
- Bank report: the document you present yourself.
- Explanation: what to look at and understand before signing.
03 Mortgage preparation
Does it work for an investment mortgage and a first home?
Yes, for both. It works for buying an investment property, for example to rent out, and for buying your first home. The study is adapted to each case. If you are buying for tourist rental, say so in the form so we take it into account.
04 Mortgage preparation
Does Realbit act as an intermediary with banks?
No, and that gives you control. Your relationship with the bank is direct: you lead the conversation, with your report in hand. Realbit works before that moment, studying your case and producing the report you carry with you. We do not find you a bank or compare offers for you.
05 Mortgage preparation
How is it different from a mortgage broker?
The difference is who talks to the bank. A regulated mortgage broker handles the operation with lenders on your behalf. In a mortgage preparation you handle it and Realbit prepares you for it. Neither option is better in every case: it depends on what you are looking for.
| Mortgage broker | Realbit mortgage preparation | |
|---|---|---|
| Who talks to the bank | The broker | You |
| What you receive | Handling of the operation | Financial study and report |
| Negotiation with banks | Done by the broker | Done by you, with your report |
| Selling mortgages | Depends | No |
If you prefer someone else to negotiate for you, what you need is a mortgage broker. If you want to reach the bank with your homework done, this is for you.
06 Mortgage preparation
How much does it cost and when do I find out?
You know what your report costs before you start. We study your profile and, in the first conversation, we tell you the cost. It is a paid service, and its value is that you reach the bank with your case studied and your strengths in order.
07 Mortgage preparation
Does Realbit guarantee that the mortgage will be granted?
The decision rests with the bank, and no company can promise it. If anyone assures you of a mortgage, be wary. What you do control is how you present your profile: with a solid report, a study behind it and the information the bank will want to see.
08 Mortgage preparation
Who is this service for?
It is for you if you want to understand your operation and present it yourself with a solid report, whether for an investment or a first-home mortgage. If you want Realbit to negotiate with the bank, get you a mortgage or tell you which property to buy, it is not your service: we do not broker and do not give investment advice.
Frequently asked questions
What happens if the bank rejects my application?
If the bank rejects your application, the decision is theirs. What you will have is the study and the report to understand your case and decide your next step.
Is it the same as a mortgage adviser?
No. An adviser or broker usually handles the operation with banks. Realbit prepares you to handle it yourself, with your report.
Does Realbit recommend what to invest in?
No. Realbit is not an investment adviser. The study analyses your financial situation for the operation you have already decided to pursue.
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Want to reach the bank prepared?
Tell us what you are buying and whether it is an investment or a first home. We call you within 24 hours and, before we start, you know what you will pay.
Write to us at info@realbit.es