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info@a1-algarve.com

Mortgage

mortage

Here are a few tips to keep in mind when you hunt around for your home loan.

Opt for the shortest loan term possible: while this will reduce interest in the long run, keep in mind that monthly payments will be higher. It’s essential to strike a balance with your income and other expenses.

Focus on paying off both interest and principal: this approach can lead to lower interest payments throughout the loan term as the principal amount decreases with each repayment.

Consider fortnightly instead of monthly repayments: this adjustment can potentially save you thousands in interest and help clear your mortgage sooner.

Maintain an LVR of at least 80%: aiming for this lower LVR can decrease the total interest paid and save you money. The catch is accumulating a 20% deposit. You’ll need to consider whether you prefer to enter the property market sooner with a higher LVR that might require mortgage insurance.

If you require mortgage advice, please contact us at info@a1-algarve.com

mortage direct

Why choose Mortgage Direct’s loan brokerage services?

Impartial Mortgage advice since 2006

  • Access to a wide financial offer provided by the banks with which we have partnerships
  • Impartial and transparent guidance
  • Saving time and effort when searching for credit
  • Search for the best banking products in Portugal according to the type of rate you want
  • Assistance throughout the process of obtaining a loan
  • Service in English, German and French

Mortgage Direct, registered with the BdP in the name of Assertiveprofit, Unip. Lda, with registration number 0004542.

sérgio fagundes
Sérgio Fagundes
Credit Intermediary