Paying off your home loan early can be a solution to reduce the monthly installment you pay for this burden. Find out how it works, as well as the advantages and disadvantages.
Depending on the type of credit to be settled, it is possible to hire a personal loan to do so. However, there are some factors to pay attention to so that the personal loan is approved. We explain everything in this article.
Three measures are at stake, now approved by the Council of Ministers, to help Portuguese citizens with their housing credit installments: the reduction and stability of the installment for two years, the extension and simplification of credit bonuses, and the extension of the suspension of amortization commissions. Find out if you are eligible and how to apply.
Making an early repayment of your mortgage credit can have several purposes. If you have a ready monetary value to invest or want to use your savings to apply to your mortgage credit, consider whether you want to reduce the current installment you pay or the term. Understand better in this article.
With the rise in interest rates, early repayment of housing credit was a popular option for the Portuguese in 2023 to avoid high interest rates. Check out the numbers.
Home loan renegotiations rise to 8.8 billion euros - a 5 times growth from 2022 to 2023. Understand better what is at stake, in the link below.
In 2023, it was possible to verify that early refunds and renegotiations significantly increased. According to the Bank of Portugal (BdP), this could be associated with the temporary suspension of fees. Understand better next.
It is the 9th time that the average interest rate on new credit contracts has decreased, dropping to 3.68% last June. Check out the statistics, then.
Learn how to partially or fully amortize the debt of your home loan.
When buying a house with a housing loan, you may come across some terms that may seem confusing at first. If you have already started the process and the bank has given you a document called FINE, know its purpose and how to analyze it.
The effort rate is one of the concepts in mortgage credit. In short, the effort rate assesses whether you have the ability to meet the installments of a loan. But what does this concept mean and how is it calculated?
When buying a house through a bank loan, you may be faced with complex mortgage credit language. Such as the acronyms related to interest rates, APR and APR. So, what do they mean and what do they represent?
The interest rate you choose for your home loan has a direct impact on the amount you will pay for the monthly installment. You can choose between a fixed, variable, or mixed rate. But what does each concept mean, how does it work, and how does it impact the loan?
Are you going to apply for a mortgage to buy your home? Know that, throughout the process, you may come across expressions that can be confusing. We have prepared a glossary about mortgage credit to help you know everything.
The mortgage credit process goes through several stages, starting with sending documents to the bank. Next, the bank needs to evaluate if the credit holders have the conditions to proceed, and only then is the credit pre-approved. But what comes next?