Make your dream come true and live on your own
We will provide the tailored mortgage and loan solutions to clients. We negotiate the best condition contract with lowest insurance coverage on the market. We have the well-explored process of mortgages, fees associated with mortgages, bearing interest, interest rates fixation and bank conditions of early repayment of mortgage or extraordinary installments. The well chosen mortgage type allows to save significant amount of money.
Our company is a financial intermediary registered with the National Bank of Slovakia in the sector of loan provision, housing loans and consumer loans. Pursuant to Act No. 186/2009 Coll. On Financial Intermediation and Financial Advisory Services we provide financial intermediation in the sector of Loan provision, housing loans and consumer loans, and in the sector of Insurance or reinsurance.
RESIDENTIAL MORTGAGES
A mortgage loan is a long-term loan secured by real estate. The maturity of mortgages is from 4 to 30 years. Some banks may provide maturities up to 40 years.
The bank provides mortgage loans for the following:
- acquisition of domestic real estate or its part, i.e. the purchase of a flat, house, property, recreational facilities, cabin, cottage, business premises, etc.,
- construction or modification of completed buildings (construction, extension, superstructure, completion, reconstruction, repair),
- maintenance of domestic real estate,
- repayment of a granted loan (be it mortgaged or non-mortgaged) used for the above-mentioned purposes.
Who is eligible to apply for a mortgage?
- any natural person who is at least 18 years of age
- a citizen of the Slovak Republic with permanent residency in the Slovak Republic or is a foreigner with permanent residency in the Slovak Republic, while one of the applicants is a citizen of an EU country
- he applicant has employment income, trading income or another form of income, for which he or she has to provide evidence to the bank.
REFINANCING MORTGAGES
If you are looking for a mortgage that is more cost-effective than the one you already have and you want to lower your monthly instalments or adjust your repayment period, we can help you refinance your loan.
Mortgage loans for refinancing are used to repay other less cost-effective mortgage loans. The refinancing principle is based on early repayment of the original mortgage with a new mortgage, while the same piece of real estate is used to secure the loan. The most common reason for changing a mortgage loan provider is a more cost-effective interest rate.
Lower interest rates and fees will maximize your savings concerning the mortgage. The less you pay to the bank, the more is left over for you. You may also change the repayment period, interest rate fixation or increase your mortgage.
AMERICAN MORTGAGES
If you do not want to state the purpose of using your mortgage loan, then an American Mortgage is the right choice for you. In an American Mortgage you can use the money as you wish.
American Mortgages or non-purpose loans are secured by a floating charge over the real estate. Most often they are used for reconstructions, equipment purchasing or cars, but also to purchase real estate for which you cannot use classic mortgage loans. More and more often they are being used to consolidate debts, i.e. less cost-effective loans or credit.
We will help you to prepare all the documents necessary for the application so that we can arrange the most favourable interest and fees from the ones that the bank usually offers. We have mapped in great detail the procedures necessary for arranging mortgages, fees associated with mortgages, calculations of mortgage interest rates and interest rate fixation, bank conditions for early repayment of mortgages and overpayments. By choosing the right mortgage, you can save significant funds.
MORTGAGE FOR YOUNG PEOPLE
A mortgage for young people is a soft loan in which an eligible applicant receives a tax bonus of up to 50% of the interests paid the previous year, up to a maximum amount of €400 per year over a period of 5 years. The maximum amount of the loan is €50,000, but at the same time the ratio of the loan amount to the value of the establishing real estate must not exceed 70%.
Conditions for obtaining a tax bonus:
A mortgage for young people and the tax bonus pertain to loans with a maximum amount of up to €50,000 per contract. The tax bonus can only be claimed by the client – the main debtor in the submitted tax return or via the employer who provides the tax return. The co-debtor is not entitled to a tax bonus.
Applicants must be between 18 and 35 years of age on the day of submitting their application. The main debtor, and also the co-debtor, must meet the income condition on the date when the loan agreement will be concluded. The applicant's average income in the previous calendar year must not be greater than 1.3 times the average monthly wage in the national economy of the Slovak Republic during the previous quarter.
The purpose of the loan must be for the acquisition, construction, or reconstruction of a flat or family house with a maturity from 5 to 30 years. The establishing real estate has to be in Slovakia.
When selecting the most appropriate mortgage the single most important step is a very detailed comparison of the mortgage bank conditions in accordance with your criteria, with which we will gladly lend you a helping hand.