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/real estate loan?
For the refinancing process, you will need the following basic documents*:Identity document;ANAF Agreement – for income verification;The documents of ...
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 ...
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 ...