Officially Supported Loan Mortgage

A mortgage loan is a mortgage or real estate loan that can help you claim more money from financial institutions. In such cases, the loans taken are usually used for whatever purpose you want, so you can buy an apartment, a car, or start your own business.

Amount of credit is determined by the value of the property

Amount of credit is determined by the value of the property

In most cases, the amount of credit is determined by the value of the property being offered as collateral.

Mortgage loans can include types of loans such as new home purchase loans, used home purchase loans, home construction, extension, modernization or renovation loans, and free use loans, but also debt settlement loans.

Personalized mortgages

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Since all Hungarian financial institutions work with personalized mortgages, which are always determined by the value of the real estate offered, it is worthwhile to look closely at the banks offering mortgages, as it does not matter at what time and at what price.

A mortgage can be cheap because there are differences between them. When Can a Mortgage Loan Be Cheap? First of all, if it provides the debtor with a long-term repayment opportunity, or if the monthly repayment installments remain fixed over the long term, but at least show only a slight increase. The client is well-known if he / she knows in advance that the installment payment for the given month will be the same the next time.

Since we offer a real estate collateral to the bank when taking out a mortgage loan, most domestic financial institutions can easily obtain this type of loan, because in such cases the credit assessment is simple and even KHR listed clients can obtain money without having to purchase various papers.

Good Finance Friendly Home Loan

Good Finance Friendly Home Loan

The Good Finance-Friendly Home Loan is a MNB certification that introduces a standardized and transparent set of home loan terms and conditions that will make loan structures easier to compare.

The “qualified” category means that the product is marketed in the tender system established by the National Bank of Hungary (MNB) and the central bank verifies compliance with the tender conditions. The rating is “consumer friendly” because it offers different services to consumers on the one hand and predictability on the other.

Predictability and consumer friendly services. An example of such services is that the financial institution takes over the burden of such land administration, if the consumer so requests. The good Finance Friendly Home Loan guarantees predictability, as specific deadlines are available to the financial institution for each decision. Disbursements must be made within two business days of qualifying, and credit assessments must be made within 15 days of the completion of the appraisal of the property.

Consumer friendly loan features

  • Only repayments in which the monthly installment installments are equal (annuity repayments) are allowed.
  • The interest period may be 5, 10, 15 years or interest rate fixation up to the end of the term is required.
  • The payout deadline is 2 business days after the fulfillment of the payout conditions.
  • Disbursement fee: maximum 0.75% of the loan amount, but not more than HUF 150 thousand.
  • The interest period may be 5, 10, 15 years or interest rate fixation up to the end of the term is required.
  • The interest mark-up on the creditor’s reference value shall not exceed 3,5 percentage points.
  • The prepayment fee shall not exceed 1% of the prepaid amount, and up to the amount of the contractual savings, the related government subsidy and the interest credited on the savings account deposit shall be free of charge.
  • The credit assessment deadline is a maximum of 15 business days from the availability of the valuation.
  • Until disbursement and prepayment fees are capped.

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