What is IRCC and how does it influence my monthly loan rate?
IRCC is an index established by the National Bank of Romania and updated quarterly. It affects only loans with variable interest: if the IRCC increases, the rate increases; if it decreases, ...
What documents are necessary to apply for a mortgage loan?
For a BT mortgage loan, both your personal documents as the applicant and documents related to the property are required. The basic list includes: act ...
What documents are necessary for refinancing a mortgage loan?
To start the process of refinancing the mortgage loan at BT, you will basically need:Identity documentIncome-related documents ...
What types of income are accepted besides salary (dividends, rents, PFA)?
BT accepts a wide range of incomes, as long as they are permanent and can be proven. Besides salary incomes, there are ...
How much does refinancing a mortgage loan cost?
The cost of refinancing a mortgage-real estate loan depends on several factors (bank, type of loan, the remaining amount value, if you refinance at ...
What is the difference between a real estate loan and a mortgage loan?
Mortgage credit is more flexible and can finance a wide range of investments: housing, land, non-residential spaces, modernizations, or refinancing. ...
How do I calculate if refinancing a mortgage/real estate loan is advantageous?
Compare three essential things: Current monthly rate vs. new rate; Current interest vs. new interest; Monthly savings vs. refinancing costs (notary, ...
Is there a minimum or maximum amount that I can obtain through the mortgage-real estate loan at BT?
Determining the loan amount depends on the eligibility conditions, your income, the degree of indebtedness, and the value of the property brought as collateral.The amount ...
Is the appraisal of the property that I want to buy with a mortgage loan mandatory? Who bears the cost?
Yes, the evaluation is necessary for your safety and the bank's. The cost is borne by the client and is paid directly to the authorized evaluator. The value varies ...
Can I get a financial pre-approval before finding the desired home?
Yes. You can get a pre-approval that indicates the approximate amount you can access, so you can look for homes suitable for your budget. This is a step ...
What are the steps to follow from the online simulation to signing the final contract?
Online simulation or in unitDiscussion with a specialistSubmission of documentsFile analysisProperty evaluationFinal approvalContract signing at ...
Can I take out a mortgage loan if I don’t have a down payment?
For the mortgage loan, the down payment is mandatory: minimum 15% for loans in lei and minimum 20% for loans in euro There is no zero down payment option ...