Mortgage Rates: Everything You Need to Know Getting a mortgage is an essential step that almost all of us have to go through in the home buying process. But there are many elements with every mortgage: the amount of the mortgage loan, the mortgage term, the implied loan to value and the mortgage rate. This article is interested in that last piece: the mortgage rate. Over time we certainly endeavor to cover all components but it is our belief that mortgage rates need to be better understood by consumers simply because the interest rate is by far the most important variable of any mortgage loan.
How does a mortgage process in Portugal works?
Find a property of your liking and establish the purchase price.
Find your mortgage brokers or banks who you think toy be willing to provide the mortage
Visitors to the Algarve who decide to invest in a holiday or future retirement home may be surprised in the past to find that there were fewer choices here than in their home country for obtaining a mortgage.
Understand how to apply for a mortgage in Portugal, and the types of mortgage available… For those who have a Portuguese Residency Card (Cartão de Residencia), a Portuguese Tax Code (Numero Fiscal de Contribuinte), a Portuguese bank account (Conta Bancaria em Portugal), proof of regular income and/or a contract (Contrato) with an international or national company in Portugal, and a good credit rating, it is fairly easy to take out a mortgage.
