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?
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.
Buying a vacation home to invest or rent through a second home loan is possible. But in which cases is it allowed and how does a secondary housing loan work?
Looking to hire a home loan? We have good news for you: The Bank of Portugal (BdP) has eased one of the requirements imposed on clients, making it easier to access this type of financing. Understand what changes in the stress test required by banks in this article.
One of the most common questions that arises after taking out a loan is whether you can take out another for a different project. For example, a house and a car are usually among the most important projects, and many need financing to acquire both. But how can you know if you have the financial capacity for both?
According to Eurobarometer, 83% of the Portuguese respondents believe that their standard of living will worsen by 2024. So, how can one protect themselves from this prediction if they have insurance and loans?
The indicator measuring the effort of Portuguese families to support housing payments was higher in the second quarter of 2024 compared to the same period last year. Read the numbers, then.
The new measure of support for young people will make it easier to purchase property with credit for those who do not have savings for a down payment, but will increase the monthly payments and, consequently, the burden rate of borrowers.
The sudden loss of income or increase in interest rates can lead to non-payment of credit installments. One option to provide immediate savings is credit consolidation. How does it work?
The European Central Bank (ECB) has announced a new increase in interest rates, which also leads to an increase in Euribor rates at various maturities. Therefore, Portuguese people with variable interest rates on their home loans will once again see their monthly payments increase. So, what options can we take to lower the amount to be paid for the home loan?
According to DECO Proteste, some families have 20 loans, with credit cards being the main cause. But how to ease this credit burden? Get to know the options next.
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.
By consolidating their credits, João and Carla saved 275 euros monthly and 3,303.72 euros annually. Find out how!
A study conducted in Portugal concluded that about half of the citizens feel financial anxiety when thinking about their personal finances. Get to know all the revealed data, next.
Adding different debts into a single credit is possible, simplifying payment and paying less overall. Understand all the advantages of this financing.