Informação LegalDo you need a mortgage to buy or swap houses?
You are in the right place, your mortgage starts here.
Discover the best home loan to buy a house
Knowing which is the best home loan is what we will discover for you. After you send us your information, we will start the pre-analysis according to what you want. Once all the documentation is gathered, we will check the existing offers from our partners, then we will compile them, and you decide.
Discover the main differences between the rates of a home loan
Fixed Rate
Monthly payment is the same, with no surprises.
Mixed Rate
Fixed for a period, variable in the following.
Variable rate
Support the climbs, benefit from the descents
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Frequently asked questions about mortgage features
1What are the purposes of Housing Credit?
The Purposes of Housing Credit may be Acquisition, Construction, and Exchange of House for use as permanent or secondary residence.
2What amounts can I request?
Normally, the minimum amount is from 10,000.00 euros.
The maximum amounts may vary depending on whether it is a loan for permanent home or secondary/investment housing.
For permanent home, the maximum amounts can reach up to 90% of the purchase price.
In cases of secondary housing or investment, the maximum amount can usually reach 80% of the purchase price.
In both situations, the appraisal value is of utmost importance for the definition of these amounts.
3What are the loan terms?
The maximum term can go up to 40 years but the age of the applicants must not exceed 75 years at the end of the loan.
Since April 1, 2022, the Bank of Portugal recommends that the maximum term of new mortgage loan contracts and other loans secured by mortgage should not exceed:
-> 40 years, in the case of clients aged 30 years or younger;
-> 37 years, in the case of clients aged over 30 and 35 years or younger;
-> 35 years, in the case of clients aged over 35 years.
4What types of interest rates can I choose?
Variable rate indexed to Euribor:
In this modality, your rate has a variable base normally indexed to Euribor for 3, 6, or 12 months, causing your payment to vary.
Mixed rate (Fixed + Variable)
In this modality, there is an initial period of fixed base rate (from 2 to 35 years), plus a spread, during which your payment remains unchanged.
In the remaining term, the rate will be variable indexed to Euribor plus a spread, making the payment subject to fluctuations.
Fixed Rate
In this modality, the fixed base rate plus the spread will remain throughout the entire term of the contract, ensuring that your payment never changes.
5Can I make an Early Repayment of the Loan?
Yes, you can. During the term of the loan, you can make partial or total repayments of the loan. For this, a fee is generally charged:
In contracts with a variable interest rate period, the fee is 0.5% of the amount repaid.
In contracts with a fixed interest rate period, the fee is 2% of the capital repaid.
6What guarantees do I need to provide?
In home loans, the usual guarantee is the mortgage of the property itself; however, it is possible to provide another property as collateral for a loan.
7Am I required to purchase additional products?
Banks may offer you the hiring of additional products or services, usually life and multi-risk insurance, as a way to lower the spread applied to your financing. In these cases, they should always indicate to you the monthly payment with and without the hiring of those products or services.
8What is FINE?
A FINE (European Standardized Information Sheet) is an informational document that specifies the financial conditions and expenses charged to the customer in mortgage loans. It is in this document that, in addition to the payment installment, you can find the term, rates, amount to be financed, the expenses that will be charged, the products you are required to contract, payment plans, and other important information.
The presentation of the FINE is mandatory in all housing credit simulations. This document allows you to have the information about your loan organized in a standardized way so you can compare between various financial institutions.
