Financing
Financing at serious conditions
The real estate purchase connected with a financing is without any stress on Mallorca.
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Banks
are very flexible and affordable through the high competition pressure at giving out mortgages.
Normally are
- at living real estate up to 80 %
- at commercial real estate up to 60 %
of the bank experts opinion are granted for financing.
But it is also possible, the living real estate are financed (Apartments and Mansions) uup to 100 % of the purchase price.
A few things that are to be noted with a mortgage
The most important criterion with getting a mortgage is like everywhere the conditions, which can be strongly variable.
The interest Eurobor + ? % can just as different as the opening fee of a mortgage on Mallorca.
Also important are the before maturity compensation costs at a early cancellation.
Further subjects are fixed interest and eventually cancellation free years (this can lower the monthly payments considerably
Comssions to offices which are specialized on mortgage mediation normally do not have to be paid on Mallorca, because the mediators recive their comission directly from the banks.
In some cases (e.g. low creditworthiness) this can be different.
It is recommended on Mallorca, to nagotiate the conditions strongly with the respective bank before taking the mortgage.
Competent partner with the real estate financing
Experienced realtor companies have very often their own experts for the financing.
Besides them also many bank independent financing mediators offer a good service.
Of course you will also receive help from
Laywers,
Gestorias (service offices) and the mortgage department of the
Banks to fulfill your financing wish on Mallorca fast and competent.
Financing-Consultation through experts
You also have the possibility on Mallorca of a objective financing consultation through experts€ 300.- incl. 16 % IVA
For this fee you will receive all needed information.
They will recommend banks, mediate contacts compare conditions.
If you want the conditions can be nagotiated with you together to correct them to the lower end.
Through such independent service is the application of a mortgage for optimal conditions very easy on Mallorca.
If interested at the offered service please use the following link to submit your contact information with phone number connected with a set date, we will contact you than by phone.
Thank you for your interst and Greetings from Mallorca
