Mortgage loan –
a loan that is issued on the security of real estate, which is owned by the borrower, in other words, the loan is secured by a mortgage. The maximum amount of a mortgage loan depends on the market value of collateral and can reach tens of thousands of euros. There is a difference between bad credit mortgage loans and home mortgage loans: in the first case, money is given on the security of the already existing property, whereas in the second case the loan is secured by the real estate being purchased.
Mortgage loan companies
Best mortgage loans terms:
The maximum amount can be up to 80% of the market value of collateral, up to 100% if there is additional collateral
Possibility of a payment holiday
A pledge can be real estate in any corner of the state
Free property valuation in the absence of an evaluation report
To apply for a mortgage loan you need:
Document confirming the ownership of the property
Extract from the land register
Filled Inquiry for Mortgage Loan
Identity document of the borrower
Document confirming the availability of income.
Current mortgage loan rates you can find out in your special company.
Mortgage loan rates today
Home mortgage loan rates are constantly changing. In addition, you can also select best mortgage loan rates and types of mortgage loans secured by real estate owned – a loan for improving housing conditions, under which you buy an apartment on the security of the existing and purchased real estate. Online mortgage loans with state support are loans to citizens who need to improve their housing conditions, but do not have sufficient opportunities to obtain a corresponding bank loan.
Refinance home mortgage loans: history of occurrence
For the first time, house mortgage loan appeared in ancient Greece in the 6th century BC. And already then it was connected with ensuring the responsibility of the debtor to the creditor of land holdings. A mortgage was a pillar indicating the boundaries of the pledged land, on which all incoming debts of the owner of the land were noted. The information on the debtors was open, and it was possible for any interested person to ascertain the status of the given landed property.
The greatest heyday mortgage reached in ancient Rome. There were many types of collateral relations, which were normatively established by Roman civil law. Traditional rules on classical mortgages were introduced in the Institutions of Guy in the 1st-2nd centuries of a new era.
Already at that time, it was possible to repeatedly mortgage on the same property. With the multiplicity of mortgages for the same real estate, the first-time creditor had the right to turn property on sale, and thus not necessarily with public bidding. Subsequent (on time) creditors after covering the requirements of the first, stood in his place.
In Roman law, mortgages could be used for movable property. This legal position was justified, first of all, by the high economic value of movable things and by the fact that the mortgage was established only on rarely alienated movables of great values.