Home equity credit line
A flexible form of mortgage. You are granted a maximum limit,
, but only pay interest on the part of the limit that you have used.
This is how we help you:
Fill in the application form
It only takes a few minutes and is completely
free and non-binding for you.
We talk to the banks
Your advisor will talk to our partners and find the
best solution for you.
Receive a non-binding offer
Once we've landed the solution we
most believe in, we'll contact you for a
no-obligation quote.
What is mortgage credit?
Boligkreditt and Rammelån are the same thing. The product makes it easier to have access to extra money when the need arises. This is the most flexible mortgage you can have.
The bank can offer a mortgage up to 60% of the value of your home. It’s up to you to decide when and how much you want to pay on the loan. Most banks require you to pay the interest cost on the mortgage/framework loan. Others have no such requirement. In practice, this doesn’t matter, as you can still spend freely within the credit limit. Here you cannot choose a fixed interest rate. The reason why you cannot have a fixed interest rate on a mortgage is that you must be able to deposit and withdraw money as you wish.
Loan account and savings account in one
This also works like a savings account in that the borrower can use the available limit to deposit money.
Example: You have a budget of 1 million, but have only used 700,000 of this budget. You will then pay interest on a loan of 700,000. If you deposit e.g. holiday pay of 50,000, you will reduce your debt to 650,000 and interest will be charged on this amount.
You can transfer the money back to your current account at any time.
Who can get a mortgage loan?
The bank can grant you a mortgage/framework loan when the loan is less than 60% of the value of the home. This means that the loan is for a maximum of 60% of the market value of your home.
The bank will also assess this from customer to customer, as not everyone should have such great flexibility with their loan, but should rather have regular repayments.
What is mortgage credit?
Boligkreditt and Rammelån are the same thing.
The product makes it easier to have access to extra money when the need arises. This is the most flexible mortgage you can have.
The bank can offer home loans of up to 60% of the value of your home. You decide when and how much you want to pay on the loan. Most banks require you to pay the interest on the mortgage/framework loan. Others have no such requirement. In practice, this doesn’t matter, as you can still spend freely within the credit limit.
You cannot choose a fixed interest rate here. The reason why you can’t have a fixed interest rate on a mortgage is that you should be able to deposit and withdraw money as you wish.
Financing certificate
Tip: The estate agent’s task will always be to secure the highest possible sales price for the seller. Remember, therefore, that it’s a good idea to keep your
financing certificate close to your chest so that the broker doesn’t know how much you are able to bid. Instead, ask the broker to call us to confirm the bid amount.
If you’re looking for a home, it’s a good idea to apply for a mortgage financing certificate well in advance. Then you’ll be sure of how much you can bid in a bidding round. If you have a financing certificate in place before the bidding round starts, you can also bid without reservations about financing,
, which can be an advantage in bidding rounds with many bidders.
Example of mortgage credit
You have a home with a value of 6,000,000.
You can then get a maximum of 3,600,000 in mortgage credit (60% of the value).
You already have a regular mortgage of 3,000,000.
The mortgage credit is then used to refinance the loan of 3,000,000, but you also have 600,000 in a loan account for future needs.
You do not pay interest on this 600,000 until you have transferred some of this money to a current account.
Then you also pay interest on the amount you transfer.
Loan calculator
Totalbeløp
Kostnad
Etabl.gebyr
Termingebyr
Effektiv rente
This is how we help you:
Fill in the application form
It only takes a few minutes and is completely
free and non-binding for you.
We talk to the banks
Your advisor will talk to our partners and find the
best solution for you.
Receive a non-binding offer
Once we've landed the solution we
most believe in, we'll contact you for a
no-obligation quote.
We'll help you choose between a mortgage or interest-only mortgage
Through our partnerships with several banks and credit institutions,
we have extensive knowledge of the solutions and products available.
A mortgage is not always the best solution. Sometimes an installment facility is a more affordable and better choice. Contact us and we’ll explain more.
- Børge Finsæther, Eiendomsfinans Harstad
Free and fast case management
With us, you will be assigned a dedicated advisor who will help you every step of the way. After
a pleasant conversation with you, we map out your financial situation.
FAQ - Frequently asked questions about mortgage credit
What is the difference between a mortgage and a home loan?
With a regular mortgage, you don’t have any extra money in an account for future needs. If you don’t really need extra money, but only want to pay the interest, a regular mortgage with a grace period will be a cheaper alternative.
Mortgage credit vs frame loan or flexi loan
Dear child, many names. This also applies here. The products are the same, but the banks have different names for the product. It will also differ from bank to bank how flexible the loan is. Talk to us and we’ll find the right bank for you.
How long can you have a mortgage?
The most common practice is for banks to grant mortgage credit for up to 10 years, but with the possibility of an extension. They do this in order to check that the customer can tolerate this flexibility without increasing consumption to a greater extent.
What is the interest rate on home loans?
The interest rate on a mortgage is usually slightly higher than on a regular mortgage. There’s no point in having a mortgage if you don’t have a few hundred thousand extra in flexible credit. Then an installment-free mortgage would be a better option.
What are the disadvantages of home credit?
Your consumption can quickly increase more than it should because you have so much flexibility. Some people don’t make repayments on the loan and let the interest cost “eat” into the available credit. This type of loan requires greater financial discipline.
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