Mortgage KrakowConsilo
A mortgage is a type of loan intended primarily for people planning to buy real estate. Since it is a special purpose loan, the borrower can only use the received money for housing investments – construction or purchase of an apartment or house. You can also use a mortgage to pay for the general renovation, agricultural or construction plot, warehouses, garages, etc. Due to their purpose, mortgages are most often granted in high amounts, and thus the mortgage repayment period is one of the longest (compared to other financial products).
High amounts, low-interest rates, and a long loan period make a mortgage the most convenient and cheapest form of financing the purchase of real estate, renovation, or construction. By choosing a mortgage, you can afford a very profitable investment. Thanks to numerous variable parameters, the loan offer can be perfectly tailored to your needs. During one meeting, our Expert will prepare and compare loan offers best suited to your needs.
Advantages of a mortgage on an apartment
A mortgage is a long-term loan intended for the purchase of the real estate. The mortgage is secured by an entry in the land and mortgage register, which is why banks offer such type of financing on preferential terms. It makes it the cheapest loan available on the market. One of the biggest advantages of mortgage loans is the ease of obtaining them provided we have a stable source of income and creditworthiness. A huge advantage of a mortgage is also the fact that its amount is not limited. However, a mortgage can only be used for residential purposes, i.e., only for the purchase of residential premises, a single-family house, or the construction of a house and the purchase of a construction plot.
The main advantages of a mortgage:
- financing of up to 90% of the property value
- long loan period – up to 35 years with low monthly installments
- credit holidays available once a year – the possibility of suspending repayment of one installment
- grace period for repayment of capital during the investment period – even up to 36 months
security – as per the Act of 23 March 2017 on Mortgage Credit and Supervision of Mortgage Credit Intermediaries and Agents, in the event of problems with the repayment of the mortgage, we have the opportunity of reaching an agreement with the bank and setting a deadline of 6 months for the sale of real estate and repayment of the remaining mortgage amount. The difference between the price and repayment of the loan is transferred to our account.
We not only specialize in mortgage loans but also have the necessary knowledge in the field of cash and consolidation loans. Experts from Consilo in Krakow will analyze the pros and cons of loan offers and help you make the best decision. Do not hesitate to contact us.
