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.
