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.
The implicit interest rate on home loans in July decreased for the 6th consecutive month to 4.487%. Read the data.
Implicit interest rate on mortgage loans decreased for the 7th consecutive month in August, to 4.417%. Read the numbers below.
The implicit interest rate on housing credit continued to fall in October, marking the 9th consecutive month of decline, reaching 4.277%.
In September, the implicit interest rate on housing loans fell for the 8th consecutive time, reaching 4.362%. Although still higher than the same period last year, according to the National Institute of Statistics (INE).
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?
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.
Are you going to apply for a mortgage and came across the concept of spread? This is one of the rates associated with this loan and can vary depending on some aspects. Understand how spread works so that you have a rate adjusted to your budget.
New measures regarding credits were announced, which can now benefit consumers. In order to facilitate access to housing credit and others, this decree dictates the end of some commissions: find out more at [URL].
Are you a foreigner thinking of getting a mortgage in Portugal? The process can be simple, as long as you are informed beforehand. Find out what may differ in terms for locals, and what documents banks may ask for.