Articles from the world of loans and mortgages
Stay informed about changes in loan regulations, tips on what to watch out for when getting a mortgage, and many other useful information.
Banks Prohibited from Early Mortgage Repayment Penalties, Must Lower Rates to Retain Customers
The fact that banks are not allowed to impose penalties on clients for early repayment of mortgages is like an elephant in the room in the banking sector. Everyone who is in the know realizes that it is the case, but it is not discussed much. Especially, in banks, for obvious reasons, it is not discussed with clients.
Showing income for a mortgage application in a simple and efficient way.
Different banks calculate income differently. We will show you how to take advantage of that.
Why You Should Consider Using a Mortgage Broker or Mortgage Advisor
Mortgage brokers or advisors can assist in finding the best mortgage options, saving time and money. They can help navigate the complex process and avoid common mistakes.
What is RPSN, or the annual percentage rate of charge?
When looking to obtain a mortgage, it is important to consider various factors such as the interest rate, the length of the loan, and any additional fees or charges. One important factor to consider is the RPSN (Real Annual Percentage Rate of Charge), which is the total cost of the mortgage including all fees and charges expressed as an annual percentage.
New Rules for Mortgage Eligibility: Understanding the Criteria You Need to Meet
As of April 1st, 2022, the Czech National Bank has implemented new regulations under which banks can only provide mortgage loans to clients who meet certain criteria.
Learn about the Czech mortgage process and what you need to know to successfully navigate the market and purchase a property
Purchasing a property in the Czech Republic can be a daunting task, especially for those unfamiliar with the local mortgage market. However, with the right information and guidance, it is possible to successfully navigate the process and find a home that meets your needs and budget.