How to obtain a Mortgage Preapproval?


How to obtain a Mortgage Preapproval?
Make a request for mortgage pre-approval online can be a great way to begin the process of buying your new property. You can easily apply using our online form, over the phone or in person at a branch.
What is the term of the mortgage?
The duration of the mortgage even runs for one year after the effective end of the repayment of the outstanding capital. All in all, the mortgage guarantee may have a maximum duration of 50 years. It turns out that some credits assume such a long repayment period.
How to lift the mortgage?
The lifting of the mortgage consists of freeing one’s property from the “threat” of seizure concerning it. It can be done in two ways: By amicable agreement: the borrower and the bank can reach an agreement to decide on the lifting of the mortgage on a property.
What are the mortgage fees?
Mortgage: the amount of mortgage fees During the appointment with the notary, the borrower must pay what is called mortgage fees. These costs include: land registration tax, stamp duty, remuneration of the registrar of mortgages, notary fees and 20% VAT.
What is the maximum duration of a mortgage guarantee?
All in all, the mortgage guarantee may have a maximum duration of 50 years. It turns out that some credits assume such a long repayment period. However, it is possible to lift the mortgage on a property, under certain conditions, in particular in the event of the sale of the property before the end of the loan.