Mortgage Loan and Mortgage Loan Calculator

A mortgage is a type of loan where one or more properties are offered to the financial institution to cover the loaned amount, which signs a mortgage on the property offered. The risk of the bank is thus lower than that of other types of loans, as the bank is entitled to sell the offered properties in case of non-payment, in order to get their money back. The amount of mortgage loans is usually high (typically over 5 million HUF), with a long maturity (up to 35 years). However, their interest rates are much lower than for non-mortgage loans.

Types of mortgage:

Home Mortgage Loan

Home Mortgage Loan

  • Construction, new and used home purchase, home renovation, upgrading, expansion, land purchase, home exchange bridging home loans.

Free Use Mortgage Loan

Free Use Mortgage Loan

  • Without a specific credit target.

Debt Mortgage Loan

Debt Mortgage Loan

  • Replacement of loans without collateral (personal loan, credit, credit card, overdraft, etc.) and real estate collateral.

Free-use mortgage is a type of loan in which the requested loan amount can be used arbitrarily. The loan is secured by the property offered by the borrower, for which the financial institution signs a mortgage.

Free-use mortgages can be prepaid or can be repaid before the maturity date, so you can choose a longer maturity for low, repayable loan repayments, but you don’t have to wait for the end of the term.

Mortgage Calculator

Mortgage Calculator

The mortgage calculator works on the same principle as other credit calculators. After the specified parameters, the calculator lists the offers of all financial institutions in its database.

If you have the option of an elected financial institution, then make a redemption insurance against unexpected negative events! In life situations defined by the repayment insurance, the insurer takes over the repayment of the loan instead of you, or repays the outstanding total debt to the bank.

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