– for you who are going to buy a home
If you are house hunting, it pays to be in good time to apply for a pre-qualificationletter, then you are sure of how much you can offer in a bidding round. If you have pre-qualificationletter 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.
Mortgage on tender
With us, you get good advice and competitive offers before your new home purchase. The advantage of using us when you apply for pre-qualificationletter is that we check with several banks to ensure you have good conditions. Together we find a reasonable term and the mortgage that suits your wishes and needs. Then you avoid spending time in a series of bank meetings, and you deal with a permanent adviser who knows your history. Eiendomsfinans optimizes the loan application and does the whole job of obtaining loan offers from relevant banks on your behalf.
Tip: The estate agent’s task will always be to secure the highest possible sales price for the seller. Therefore, remember that it is wise to keep your pre-qualificationletter to yourself, so that the broker does not know how much you are able to offer. Instead, ask the broker to call us to confirm the bid amount.
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Better interest on the mortgage
If you think that the interest rate on your home loan is above the average interest rate in the market, it makes sense to have a round with the bank first to find out if they are willing to adjust it. See Finansportalen for more information on mortgage interest rates at the various banks, or ask us. We have a very good overview of the banking market.
If the bank you have today is not willing to make adjustments to your interest rate, or if the changes are not good enough, it may be worth talking to us. We will quickly see if you can obtain better terms elsewhere, or possibly make sure that the interest rate you have today is good enough.
Changing banks is easier than many people think
If we find out that another bank is willing to give you a better interest rate, more flexible solution or a better product in general, it is easy to move the mortgage. We do all the work for you and guide you through the process. Anyone with a bank ID can sign a loan document electronically from most banks (applies to refinancing , not a new purchase). When changing accounts, most banks offer help with the transfer of e.g. direct debits. You then fill in a simple bank exchange form.
In order to obtain a loan offer on your behalf, we will need documentation of income and debt. We must be sent the latest tax return, a printout from the Debt Register and the latest pay slip. We can send you a link to obtain this automatically.
Fast case processing
With us, you will be assigned a permanent advisor who will help you throughout. After a pleasant conversation with you, we map out your financial situation, what you want and which banks or mortgage loan products are suitable for you.
For the fastest possible case processing with us, we can give you a link to retrieve the necessary documentation. These are documents such as the tax return, pay slip and information from the debt register.
Expectations/conditions regarding mortgages
Total debt should not exceed five times total annual gross income. Loans can be granted up to 85% of the home’s value/purchase price, real estate /collateral security is accepted for any lack of equity. To be approved for a new mortgage, you must have a minimum of 15% of the purchase price + costs in equity, or collateral in another property (for example, it could be collateral in your parents’ home).
New mortgage before you sell your old home?
If you want to buy a new home before you have sold your old one, you will need bridge loan . We calculate how much money you can borrow in advance in an existing home. The banks must not give mortgages for more than 85% of the value per home, this also applies to the home you already own, but are going to sell. So you cannot count on being able to borrow 100% of your saved value/capital.
Example: The value of the home is 6 million and the mortgage on it today is 3 million. You can then have a maximum loan + intermediate financing within 85% of the value, which then becomes 5.1 million (6 million x 85%). You already have 3 million in mortgages and can get an extra 2.1 million in a bridge financing .