The mortgage loan is a financial solution capable of raising itself as a pleasant alternative in the context of Italian financing choices . It is in fact a solution through which it will be possible to obtain a rather important capital, with equally significant fruition and customization options. Let’s try to understand how it works, what its main features are, and where it is possible to make such a request.
Mortgage loan or mortgage credit
The mortgage loan, also called mortgage credit, is a loan that makes use of the necessary underwriting of the mortgage on a real estate property, in order to obtain a desired capital. It can also be used as an annuity loan, a mortgage for liquidity or in the most common form of home loan, therefore it is a solution based on the possible registration of a mortgage guarantee on the property owned by the person requesting the loan.
Is the mortgage loan convenient?
The mortgage loan is all the more convenient the larger the capital required. Therefore, this is the best solution for disposing of sums from 50-60 thousand euros upwards, and for all those who wish to repay the capital within an amortization plan lasting between 5 and 25 years.
On the other hand, due to the costs necessary to proceed with the registration of the mortgage guarantee, the mortgage loan can be inconvenient for those who choose to borrow in small amounts, and for those who could have greater satisfaction by applying for a common personal loan.
How to apply for and obtain a mortgage loan
As can be easily understood, in order to request the preferred type of mortgage loan , in addition to the personal and income documentation (useful for identifying the applicant and understanding if the same has the right creditworthiness or not), it will be necessary to deliver to the lender also a series of documents relating to the property on which you want to take out a mortgage.
Various forms of mortgage loan
As mentioned above, there are numerous forms of mortgage loan currently available on the Italian market. Consider, for example, the possibility of being able to access a traditional home loan, with the bank that will disburse an amount equal – usually – to a maximum of 80% of the value of the property to be purchased or renovated.
Or even think about the possibility of obtaining a liquidity mortgage , with which the client of the lending institution will obtain a sum of money useful for making personal and family expenses, being able to obtain an amount proportional to the value of the property subject to mortgage . Finally, think of the lifetime loan, a loan that allows you to obtain a sum proportional to the value of the property, for the main benefit of subjects of rather advanced age.
Where to apply for the mortgage loan
Nowadays it is possible to apply for a mortgage loan at all the main banks and financial institutions, where you will certainly find a wide range of useful opportunities to be able to meet your credit needs. Consult carefully the information sheets, the contractual conditions, compare them with competitors and … give vent to your new life projects!