What is the difference between a real estate loan and a mortgage loan?
In short, the mortgage loan allows for a wider range of purposes and can have various types of guarantees. On the other hand, the home loan has a ...
What salary do I need to have to get a loan?
There is no minimum income threshold to apply for a BT loan. But it is good to know that your income influences the amount you can borrow ...
What does "DAE" (Effective Annual Interest Rate) mean?
DAE is the Effective Annual Interest Rate. It shows the total cost of the loan in a single percentage and includes the interest, mandatory fees, and any other ...
Can I apply for a mortgage loan if I work in Italy?
Yes, you can, if you opt for a mortgage-backed loan. 🙂You only have to:➤⠀have income obtained from employment contracts carried out in ...
If my wife is a foreign citizen, can I apply for a New Home loan?
Unfortunately, it is not possible to apply for a New Home credit if one of the spouses is a foreign citizen. 😞 In this case, an alternative would be a credit ...
Why do you need to take out life insurance when contracting a mortgage / real estate loan?
Because it is always good to have a plan B. 😅As you already know, life insurance is a safety net for you and your family. 👪Thus, in ...
What is the compensation amount for the life insurance policy attached to mortgage real estate loans?
In case of death and total permanent disability due to illness, depending on the age of the beneficiary, there are different compensation thresholds: ➤⠀for ...
What limitations are imposed in the case of life insurance attached to the mortgage loan?
In case the beneficiary suffers from a pre-existing condition, they will benefit from the insurance effects in case of death and total permanent disability from ...
What is the minimum down payment for mortgage loans at BT?
To obtain a mortgage loan from BT, you must have a minimum down payment of 15% of the purchase price of the home. 😁
What conditions must I meet to be able to take out a mortgage loan?
The procedure is simple, the granting conditions are minimal, and the documentation is easy to complete! 😃To take out a loan from Banca Transilvania, it is ...
What are the advantages of early repayment?
The advantage of partial early repayment of the loan is the possibility to choose to reduce the loan period or the value of the monthly installment. ...
What are the eligibility criteria for a mortgage loan?
To obtain a mortgage loan, the following are checked: age (minimum 18 years, maximum 65–75 years at the end of the loan, depending on the type of income), incomes ...