5/27/2023 0 Comments Simcity 4 mods not downloadingSo say the entire household makes a total weekly income of §5,000, and one of the household members has an SNB Loan with a weekly payment of §1,000. The mod takes into account the Household's income plus Household Wealth divided by the shortest loan term against how much outstanding SNB debt they have. The Household's Debt-to-Income cannot be more than 75% for Unsecured Loans and 43% for Mortgages. Bank Policy requires the following in order to borrow from SNBank: DEBT-TO-INCOME The mod will check the Sim's financial standing or DTI to see if they can borrow that much or less based on Bank Policy/Criteria. From there, you will enter how much you would like to borrow. When you would like your Sim to borrow an SNB Loan, you will send them off to their local Financial Center to apply with the usual Loan Officer option (Request Assistance from Loan Officer) and then Apply for a Loan. What this means is that your Sim should see lower rates set at only the longer terms to spread out those payments due to the secure nature of this transaction. This mod sets this loan type with the following term options: Version 0.3.0 and R|E version 0.3.0 allows your Sim to purchase Residential Real Estate with additional financing from SNBank. This mod sets this loan type with the following term options: Mortgages As a result, rates are normally higher than mortgages or other secured loans because the risk is higher to the Financial Institution. Unsecured Loans are not bound or secured to any object or real estate. Bristol takes the plunge and requests a Mortgage of §40,000 with a §10,000 down payment (more than the recommended 20%) to make sure her application gets approved. Her Loan Officer mentioned that SNBank now offers Mortgages at a much better rate for those looking to buy residential real estate. Previously her only options were to pull out an unsecured loan but she didn't like the interest rate associated with that. So while at the Financial Center, she went into a Loan Officer's office to apply and talk through her options for buying a home. She is now at the top of her game as a Celebrity Check and looking to finally set down roots, start a family, and become financially independent. She recently paid off her unsecured loan to finance some updates to her apartment while she worked through the Culinary Career Ladder. With this latest version of R|E and the Financial Center, we will learn of a new Sim looking to start the next chapter in her life. In version R|E 0.2.0, you met the Lewis Family. FOR A REVIEW ON HOW TO PLACE A FINANCIAL CENTER LOT, PLEASE GO TOWARD THE BOTTOM OF THIS POST. Mortgages secured through R|E: Updates/enhancements to secure Mortgages were made to both R|E and the Financial Center to connect to two mods for the new credit product, Mortgage.īefore we get into the details of this new update, all of these features affect SNB Loans (current and future) ONLY! The Partner Loans (LittleMsSam's Credit Mod and Scarlet's SimCity Loans) are not affected by this process and follow the rules set by the respective mod creator.New Loan Product: Your Sims can now finance their Residential Real Estate purchases with Mortgages.LittleMsSam's ATM Cards and Credit mod: Summary of Changes (MizoreYukii) Scarlet's SimCity Loans mod: Optional Mods that will enhance your experience are: To get started, you will need the main SNBank found here: Next, we will work on the ability for your Sim to WORK at a Bank and then OWN. That means right now we are building the ability to USE a bank venue. We are operating on a USE -> WORK -> OWN progression for all our venues. This mod will also usher in SimRealist Credit options we have planned for later this year. This keeps to that off-the-grid option where you don't need to use your Sim's cellphone for every SNB service. Your Sims will now be able to access SNB options and more in-person. The Financial Center is an adjacent mod of SNBank that brings a physical bank to the game.
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