Buying a home is a very important step in people's lives. That is why it is essential to be able to count on the support of someone capable of responding to your needs.
At UrbiSeg, you will find professionals who are specialists in mortgage loans and who seek to gather and develop a set of useful information to help our buyers understand the market and make more informed decisions when choosing financing for the purchase of their home.
UrbiSeg guarantees you a detailed preliminary analysis of the entire process, at no cost, so that you know what to expect.
We help you choose the home you want to buy, one that suits your needs and allows you to enjoy the standard of living you desire.
A home is an essential asset, it is the family's home, and a good decision can mean many years of peace of mind.
We will help you understand how mortgage loans work.
1- How does the bank see us?
Today, more than ever, this is a question that interests many Portuguese people, especially because financial instability has made banks increasingly demanding and tightened their lending criteria. In order for the bank to grant you financing, it will need to know your case, your motivations, understand your real situation, your expectations, and the reasons why you are buying a home.
1.1- The bank values customers who have:
- A stable professional and financial situation;
- An effort rate below 35%;
- Have no banking incidents;
- Provide guarantees to the bank;
- Have initial capital.
2- Steps and stages of mortgage lending:
Once the necessary documentation has been collected, the bank's decision-making process is quick and objective, so that you don't waste time and can quickly start the process of buying your home.
UrbiSeg will accompany you throughout all stages of the process, helping and clarifying any questions that may arise, particularly new concepts, which follow one another at a frenetic pace. It is essential that you are well informed and understand some key concepts such as Fixed Rate Mortgage; Euribor; Spread; Effort Rate; LTV; FINE; Interest; TAE; TAN; TAER; TAEG; MTIC; Insurance; Deed/Contract.
As you can see, there are many new concepts you need to familiarize yourself with when applying for a mortgage, but it is an effort that will pay off because in the end you will have your new home.
2.1 – After discussing the financing conditions, a certified engineer conducts a property appraisal at the request of the banking institution.
Once the appraisal is complete, the bank begins drafting documents, issuing insurance, and finally, the big day arrives: it's time to complete the transaction.
The deed is then the official act in which the contract for the purchase and sale of the property is signed and the mortgage is registered, establishing the rights and duties of the credit institution and the customer. With the deed, the ownership of the property is changed and the mortgage is formalized.
As you can see, it is a somewhat bureaucratic process that becomes much easier with the help of a specialist.
For any questions you may have during this process, and there will certainly be many, you know that UrbiSeg is always at your disposal.