Case Study: Securing a mortgage for a family moving to Germany from India

Introduction: The Kumar family is planning to move from India to Germany and is interested in buying a property worth 400,000 euros.

They are seeking a mortgage to finance their purchase and have approached your services for assistance. The Kumar family consists of Mr. and Mrs. Kumar, both working in the IT sector, and their two children.

Background: Most expats need help to find a house or the get a mortgage

The Kumar family has been living in India for the past 10 years and has decided to move to Germany for better job opportunities and a higher standard of living.

They have used our property serching tool to identified a property they wish to purchase and have a good credit score. Furthermore you can use our mortgage calculator for the first loan offers.

Challenges for our family from India to get a mortgage in Germany

As a family moving from India to Germany, the Kumars may face some challenges in securing a mortgage. These challenges include a lack of credit history in Germany, language barriers, and unfamiliarity with the local real estate market.m

Solution: To help the Kumar family secure a mortgage, we recommend the following steps:

Provide guidance on the mortgage application process in Germany:

• The first step is to provide guidance on the mortgage application process. This involves helping the Kumar family prepare the necessary documentation and submitting the application to a lender.
• The mortgage application process in Germany can be complex, and it is important that the family is guided through each step of the process. Our team of experts will provide detailed information on the documentation required, such as proof of income, employment history, and credit history.

Partner with local lenders for your mortgage in Germany:

• We will leverage our network of local lenders to find the best possible mortgage rates for the Kumar family. It is important to work with lenders that are familiar with working with international borrowers and can offer competitive rates.
• Our team will work closely with the lenders to negotiate the best possible rates and ensure that the Kumar family is getting the best deal possible. We will also help the family understand the different types of mortgages available and which type is most suitable for their needs.

Provide translation services, if needed for all documents:

• One of the challenges the Kumar family may face is language barriers. Our team will provide translation services to ensure that the language barrier does not impede the mortgage application process.
• This will help the Kumars understand the terms and conditions of their mortgage agreement and ensure that they are fully aware of their obligations.

Conduct a real estate market analysis: Use our searching machine for your property

• We will conduct a market analysis to help the Kumar family understand the local real estate market. This will enable them to make an informed decision about their property purchase.
• Our team will provide detailed information on the local real estate market, including property prices, trends, and forecasts. This will help the Kumar family make an informed decision about the property they wish to purchase and ensure that they are getting the best deal possible.

Provide ongoing support:

• We will provide ongoing support to the Kumar family throughout the mortgage application process. This will include answering any questions they may have and providing guidance on the next steps.
• Our team of experts will be available to answer any questions the Kumar family may have, and we will keep them informed throughout the mortgage application process.

Conclusion: What to do if you are planing to buy a house in Germany?

By working with our services, the Kumar family can secure a mortgage to purchase their dream home in Germany. Our expertise in the local real estate market, our network of lenders, and our translation services will make the mortgage application process as smooth and stress-free as possible.

We understand the challenges that international borrowers may face when applying for a mortgage in a foreign country, and our team of experts will work closely with the Kumar family to ensure that they are fully supported throughout the process. Get more information about here.