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Does Swedbank require you to have your primary salary account with them to have your mortgage, or do they require you to have an account with them to receive a
by jonwachob91 4y ago
Does Swedbank require you to have your primary salary account with them to have your mortgage, or do they require you to have an account with them to receive a discount on your mortgage? B/c those are 2 different things... Thanks in advance for the clarification <3
- fest 4y agoThe mortgage rate calculation is intentionally opaque (at least the bank clerks lead you to believe that) and it becomes just one of a multitude of criteria to evaluate my risk of default (and the bank having an advance estimation of any changes in my financial well-being). This paragraph probably can be contested, if done in advance of signing the agreement, but if every other bank you approach have such a condition (to be fair, the only other bank I approached was SEB, also Scandinavian bank) spending time on arguing about trivialities while selling my soul to get an even worse rate did not seem like a worthwhile pursuit.
- fest 4y agoThere is not a particular interest rate discount tied to this factor- once negotiated, it becomes a part of agreement. And negotiating this requirement beforehad would to submit another mortgage application. I don't think any banks here allow you just to have a mortgage agreement without an account at them- they deduct the monthly payment automatically. It might be possible with other types of loans, but I don't think it can be done with mortgages.