Bank Mortgages
Mortgage Services
Since 2022, bank loans have become the most challenging aspect when buying real estate. The times of low interest rates are gone and today, more than ever, it is crucial to have a reliable partner by your side that negotiates the best possible rates for you.
Why is a bank loan so important?
Most of our clients do not have 100% of the equity needed to purchase a property. Moreover, you need cash for additional acquisition costs such as notary fees, taxes, broker commission and so on.
A bank loan or mortgage allows you to borrow money from a bank in return for monthly interest payments over many years. That way you can focus on your lifestyle, building a family and pay off the loan slowly.
Our goal is to help you achieving the lowest interest rate for such a bank loan in order to have the maximum equity for the perfect investment property or real estate you can call your home.
Feel free to use the mortgage calculator below that allows you to create different cash flow scenarios. Of course, should you want to go further into details, feel free to contact us. It’s free!
You can use our Mortgage simulator below to obtain a realistic projection of your financing cost
- Principal & Interest
- Property Tax
- Home Insurance
Definitions
Total Amount: The purchase price of the property
- Down Payment: The advance payment you make when signing the PSPA
- Interest Rate: Usually 3 months Euribor + the margin the bank offers you
- Loan Terms: the number of years the bank grants you the loan
- Property tax on residential buildings ranges from 0.1% – 0.2%. Property tax on non-residential buildings is 0.5% – 1.3%.
A local tax is levied on land located in urban areas in Romania, payable by the owner. The tax rate varies depending on the location of the property
