Mortgage loan

You can borrow up to 90% of the property’s value. The remaining 10% must be paid as a down payment.

The down payment (kontantinsats Opens in a new window) is 10% of the property’s value. You need to have saved this amount before buying a home.

A committed loan offer is an initial decision from the bank that shows how much you may be able to borrow for your new home. It is based on the information you give in your application, so it is important to provide correct details.

The committed loan offer is personal but not binding. You can apply for it before you go to view properties, as it is not linked to a specific home. The committed loan offer is free of charge and is valid for six months.

1. Start by calculating. Calculate how much you can borrow and what your monthly cost might be.
2. Apply for a committed loan offer. Once you know how much you can borrow, you can apply for a committed loan offer. It is not binding but useful to have when viewing properties and making an offer. The committed loan offer is valid for six months.
3. Contact us before signing the contract. Get in touch with your advisor at the bank before you sign the purchase contract. We will help you check that the property suits your finances and turn your agreement in principle into a mortgage.

Amortisation simply means repaying your loan. A common setup is to repay a set amount every month, but it is also possible to repay quarterly. As you repay your loan, the loan amount becomes smaller, which can reduce your interest costs over time.

Mortgages are covered by mandatory repayment rules. This means that, depending on how much you borrow compared to the value of your home (your loan to value ratio), you must repay 1–2% of the total loan amount each year.