Mortgages - compare banks and find the right solution
A mortgage is one of the biggest financial decisions you make. This page gives you an overview of how mortgages work, what requirements apply to equity and interest rates, and how you can compare banks to find the right solution for your situation.
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.
In a nutshell:
- At least 10% equity is normally required for mortgages
- Interest rates and terms vary between banks
- Real capitalist can be a solution if you lack equity
- A mortgage mortgage calculator can give you an idea of how much the loan costs
What is a mortgage?
A mortgage is a loan that is secured by a home and is used to purchase a home or refinancing of an existing mortgage.
Security in a home means that the interest rate is lower than for unsecured loans. When you apply for a mortgage, banks consider your income, current debt, loan-to-value ratio and financial stability.
Compare mortgages - this is how you do it
When comparing mortgages, you should look at more than just the interest rate. Important factors to consider are:
- nominal and effective interest rate
- set-up and term fees
- Flexibility in repayment and grace period
- lock-in period for fixed rate
- total cost over the term of the loan
The most important thing is to consider the whole picture – not just the lowest interest rate. Is the solution adapted to you and your needs?
How to apply for a mortgage
The application process for mortgages varies somewhat between banks, but as a rule these steps are followed:
- You submit an application with information about your income, debt and the property you own or want to buy.
- The bank performs a credit assessment and calculates your ability to pay (liquidity) and debt ratio.
- You receive an offer with interest rate, terms and loan-to-value ratio
- The agreement is signed and the loan is disbursed
Do you want help to collect offers from several banks at the same timeyou can apply for a mortgage through us at Eiendomsfinans.
Equity for mortgages
A mortgage normally requires at least 10 percent equity. The equity can consist of:
- saved funds
- BSU
- inheritance or advance on inheritance
- real capitalist
The banks’ equity requirements also apply in 2026, but there are exceptions in certain cases, for example for first-time buyers with a good ability to pay.
Guarantor and mortgage without equity
If you lack sufficient equity, a guarantor can provide security for parts of the loan. This is usually done either through an additional mortgage on the guarantor’s property or through an agreed surety amount. A guarantor is often used by young buyers with a good ability to pay, but limited equity.
What affects mortgage interest rates?
The interest rate you get on your mortgage depends on several factors, including:
- Loan-to-value ratio – a lower loan-to-value ratio (the difference between the mortgage and the property value) often results in a lower interest rate
- income and financial stability
- choice of fixed or floating interest rate
- the bank’s risk assessment
The differences between banks can be large, and it often pays to compare several offers. We can help you with that.
Moving your mortgage to another bank
Moving your mortgage means switching banks to get better interest rates or terms. The process is usually simple:
- the new bank obtains the necessary information
- you sign a new agreement
- the old loan is automatically terminated
Fixed-rate mortgages - pros and cons
Benefits:
- predictable monthly costs
- protection against rising interest rates
Disadvantages:
- less flexibility
- Costs of breaking the fixed-rate agreement
- risk of paying more than you have to if the interest rate falls
How much can I get in a mortgage?
How much you can borrow depends on several factors. The banks usually start from:
- total income
- Debt and debt ratio (maximum approx. 5 times income)
- loan-to-value ratio (loans in relation to property value may not exceed 90%)
- life situation and ability to pay
A mortgage mortgage calculator can give a good indication of how much the loan will cost.
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 can help you with your mortgage
Tips:
A real estate agent’s task will always be to secure the highest possible sales price for the seller. Therefore, remember that it’s a good idea to keep your financing certificate close to your chest so that the estate agent doesn’t know how much you can bid. Instead, ask the broker to call us to confirm the bid amount.
Tel: 32 88 00 00
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 mortgages:
How much equity do I need?
As a general rule, at least 10% of the purchase price + costs, but there are exceptions. Examples of this are mortgage with guarantor.
What determines the interest rate on your mortgage?
Loan-to-value ratio (how much loan in relation to the value of the home), your finances, competition between banks and choice of loan type (annuity loan, serial loan, mortgage).
Can I get a mortgage without equity?
Only if you have guarantor in rem or other additional security.
What is interest deduction?
You get a tax deduction of 22% for interest you have paid on the mortgage.
How much can I borrow?
Normally, you can have a total debt of up to five times your total income, depending on your finances.
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