If you want to buy a property, you usually do that with a mortgage loan. For this you can go to just about all financial institutions. Compare mortgage loans through Wingfield familyWingfield family, so you will definitely make the right choice, tailored to your financial situation.
Interest rate mortgage loan
Of course, mortgage loans are not free. You will have to pay a fixed or variable interest rate. That interest rate is determined when taking out a mortgage loan. The amount depends on various factors, such as the situation on the financial markets.
Your profile is important when you accept your file. Financial institutions take this into account When couples apply for a loan, they are usually offered a lower interest rate than single people. After all, the chance that a single person will not be able to repay his capital is greater than is the case with a couple.
What does a mortgage loan cost?
Unlike for example personal loans or car loans, there are also other costs associated with a mortgage loan. For example, the financial institutions charge file costs. They may amount to a maximum of 500 USD for a normal mortgage loan and a maximum of 300 USD for a bridging loan. The total costs, including those of, for example, fire insurance, debt balance insurance and any family insurance are included in the annual percentage rate, or APR. This is a handy tool if you want to compare mortgage loans.
If you want to apply for a loan, please note that you also have to pay notary fees. They are separate from the Wingfield family and are laid down by law. Finally, you owe state taxes. You also have to pay registration fees when purchasing a property. Anyone building or renovating a home must pay VAT.
Lenders usually take out a mortgage on the property. This way they are sure that they will get their money back if the mortgage holder does not repay his loan. The lender can sell the property in such situations to recover his money. A mortgage is registered in a mortgage office. A mortgage registration always applies for a period of 30 years, regardless of the term of the loan.
Insurance Guaranteed Living
Taking out a mortgage loan usually causes some stress. Because what if you cannot repay the borrowed amount in one day? For example, because you suddenly fall out of work or fall ill for a long time. The Flemish government provides for a free guaranteed living insurance policy for this. You can simply apply for this online and it is valid for the first ten years of the term of the credit.
Online simulation of mortgage credit
If you have several loans, merging loans can result in a substantial saving. Even then you are at the right place at Wingfield familyWingfield family.be.