Mortgage Loans

Mortgage loans are a type of medium- to long-term financing, generally with a repayment period of between 5 and 30 years, whose repayment is guaranteed by a mortgage on a property.

Usually, the customer receives the entire amount in a single payment and repays it in fixed or variable installments. The amount of the mortgage cannot normally exceed 80% of the purchase price/market value of the property; for certain types of customers (known as “priority beneficiaries”), it is possible to access mortgages for amounts up to 100% of the price/value through the Consap fund guarantee.

There are various types of mortgages:

• fixed rate;
• variable rate;
• constant installment;
• mixed rate, i.e., with a fixed rate period and a variable rate period and with the possibility of choosing between the two several times during the amortization period.

The purposes of a mortgage loan can be different:

• to purchase a residential property (to be used as a primary or secondary residence or to generate income) or a non-residential property (office, commercial premises, etc.);
• to renovate a property, either one you already own or one you are purchasing;
• to subrogate or replace an existing mortgage;
• to obtain a sum of money for liquidity or to restructure your financial commitments (debt consolidation).