mortgages
All you need to apply for a mortgage ...
Most banks will provide you with a free, fully detailed quotation, calculating your own mortgage payments and your loan and purchase expenses.
Bear in mind they will need the following documentation in order to handle your application. The original documents have to be shown before signing the mortgage / purchase contract.
... And once your application has been approved
The bank will require the documents indicated below:
The final acceptance is subject to the verification of the property and the original documents, which have to be shown before the signature of the mortgage / purchase contract.
Personal Mortgage
The personal mortgage is a variable rate mortgage that, at the start, will cover the acquisition of your main residence. The difference is that, in the future, you can use the repaid amount as a Personal Loan to finance whatever you wish, from buying a car to the furniture for your children's room, and with the advantage of lower interest rates than those of any other Personal Loan.
Fixed Rate Mortgage
If you don't want to be concerned about interest rate increases, you should choose a fixed rate mortgage, which assures you constant monthly payments for the whole life of the loan.
Variable Rate Mortgage
The main difference with respect to fixed term mortgages is that the repayment can go up or down because the interest rate is subject to annual revision according to the current rates.
Moreover, these types of mortgages allow you to enjoy a lower interest rate during the first year and more favourable conditions if you want to make additional lump sum capital repayments.
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