OUR PARTNERS

CUSTOMIZED SOLUTIONS FOR YOUR NEEDS

CREDIT TRANSFER

CONSOLIDATED CREDIT

Transfer your credit to a bank that offers you better conditions.

Combine all credits into one and start saving now.

REDUCE YOUR MONTHLY INSTALLMENT AND START SAVING NOW. €50/MONTH IS €12,000 IN A 20 YEAR CREDIT

Make the dream of your first home a reality.

HOUSE CREDIT

HOW CAN WE HELP?

Make the most of your time, we research the best proposals for you from different banks.

TIME

DECISION

SUPORT

We present you with the best solution and help you make the best financial decisions.

Personalized, continuous and free support throughout the entire process.

SEE HOW ANDRÉ MANAGED TO SAVE 15,120 EUROS

André was on Facebook and noticed an ad for Poupança Direta.

After asking for a free analysis of your current credit, we realized that with a credit transfer to another banking institution we could reduce your monthly installment by €90.

12 months later André has already saved €1,080, and by the end of his credit he will save (still 14 years to go) €15,120.

André's monthly installment with the first bank was €550.

At the end of the year, it represented more than €6,000 in housing loan costs.

André's monthly credit installment, with our help, became €460.

This reduction represents a saving of €5400 over 5 years, allowing André to make the trip of his dreams come true.

MAXIMUM PERIOD TO OBTAIN CREDIT

With the new guidelines of the bank of Portugal in April, if you are up to 30 years old, you can get financing for up to 40 years, if you are between 30-35 years old, you will get up to 37 years, between 35-40, you can get up to 35 years and finally, if you are 40+ years old, you can a credit of up to 30 years.

WHAT IS A HOUSE CREDIT?

Mortgage credit is a loan to buy a house. The customer chooses the required amount and the payment term. Then, depending on interest rates, insurance and other charges, you have to pay a monthly installment for the home loan.

WHAT ARE THE PURPOSE OF A LOAN TO BUY A HOUSE?

Credit to buy a house can be used for different purposes:

They are: Buying a new home (new house or used house); House Acquisition Auto construction credit + Land purchase Transfer of mortgage from one bank to another Buying houses for resale (reinvestment)

WHAT DEADLINES AND AMOUNTS CAN I REQUEST?

The maximum term of the mortgage loan is 40 years. However, the Bank of Portugal introduced new deadlines for home loans in 2022, with holders not exceeding 75 years of age.

Example: If you are 55 years old and are going to apply for a mortgage loan, the maximum term is 20 years.

As for how much you can ask for, it depends on several factors. The maximum value depends on the value of the house, your debt level (effort rate) and your ability to pay monthly installments with your salary.

As for how much you can ask for, it depends on several factors. The maximum value depends on the value of the house, your debt level (effort rate) and your ability to pay monthly installments with your salary.

WHAT DOCUMENTS DO I NEED TO APPLY FOR A HOUSING CREDIT?

To apply for a real estate loan, there is a list of documents that will be necessary to make your application. Among the main details, you must provide the bank with: Citizen Card; IRS and Settlement Note of the last income statement; 3 most recent payslips and statement from the employer; Proof of other income (for example, pensions or rents);

CAN I GET 100% FINANCING TO BUY A HOUSE?

Usually banks work with margins between 80% and 90% of the value of the property. The remainder will be the down payment that you have to make available for the purchase of the house.

WHAT COMMISSIONS AND COSTS ARE ON HOME LOANS?

Usually, commissions on credit to buy a house are divided into two large groups:

– Initial Commissions: Expenses related to the dossier, study, opening of the process, evaluation of the property and contracting/formalization. In addition, there are still costs with Stamp Duty, IMT, IRN and other legal expenses. – Current commissions: Include installments and insurance payments. There are also expenses for recovering missing amounts, late payment interest and other charges.

Also analyze the cost of Associated Sales, such as credit cards, bank accounts and or other products you hire to lower the spread.

WHAT INSURANCE ARE MANDATORY IN HOUSING LOANS?

Banks require two insurances for your home loan:

Life Insurance – In the event of death or permanent disability acquired by the credit holders, it covers the amount still owed on the credit:

Multirisk Insurance – Coverage against fires, floods and other natural phenomena and situations that jeopardize the safety or integrity of the property. It can also include the filling of the house.

HOW DO I TRANSFER A LOAN TO BUY A HOUSE?

To transfer the credit, you must first simulate a new home loan for the current debt amount. After approval, you must inform the bank where you still have the loan that you intend to transfer the mortgage. By using our services, you can make your transfer in a simple and fast way.

EURIBOR, SPREAD, TAN, APR AND MTIC? HAVE YOU HEARD IT?

There are four rates that you should pay attention to for home loans:

Euribor – rate that governs European interbank loans and will influence the value of home loans in Portugal;

Spread – Bank profit margin; TAN – sum of spread and Euribor, is the amount of interest you pay for borrowed money

APR – the “real” interest rate on your credit, which is the sum of interest plus other credit-related charges such as insurance and commissions

MTIC – Total Amount Imputed to the Consumer, which tells you how much you will pay in total for your credit.

WHAT AMOUNT TO PAY FOR YOUR SERVICE?

Under Decree-Law No. 81-C /2017, our services are provided free of charge to the customer.

COMMON QUESTIONS

GIVE CREDIT TO YOUR DREAMS

WILL YOUR MONTHLY INSTALLMENT ALWAYS GO UP? ADJUST YOUR SPREAD WITH OUR HELP!