If it is the time to move into your own home and you plan to purchase it through a mortgage loan, you must be 100% sure that you have chosen the best offer from the safest bank.
Let's see what are the most important aspects to consider when applying for a mortgage loan.
1. Annual Percentage Rate (APR)
Actually, APR represents the total cost of the loan. It usually includes not only the interest rate, but also other expenses: the file examination fee, the grant fee and the monthly administration fee.
Access the websites of several banks and check the APR for their offers. The lower it is, the less you will pay back monthly for the loan. Now the APR is equal to the interest rate at maib, the commissions being zero MDL.
2. Mortgage advance
When you apply for a mortgage, you have to consider the advance you need. It varies depending on the cost of the property and the amount of loan the bank can grant you, reaching up to 20% of the price of the real estate. Therefore, make sure you have the necessary amount for the first instalment. There are also exceptions, such as maib, which finances up to 100% of the value of the home.
3. Use the online calculator
Practically every financial institution has a calculator on its website with which you can estimate how much you will pay monthly. However, even if you have obtained an online simulation, it may not represent the final amount. Therefore, you need to go to the selected bank to find out more details about the offer. Be prepared, the bank will want to know more information about you, like net monthly income, seniority, age, if you have other loans, credit history.
Another important aspect is the currency of the loan. Maib finances your dream in MDL, USD or EUR:
- APR in MDL – from 12.47%
- APR in EUR – from 5.9%
- APR in USD – from 7.65%.
Do you want to know more details about the maib offer? Visit the maib mortgage center, located in Chisinau, at 115 Vasile Alecsandri Street or the maib branch in your town.
The most beautiful place is at home, and at maib it is simple and easy to get your own home.