Real estate financing

If you know what kind of real estate you want to buy, prepare all the details: type of real estate, address, floor space, preferably the land and mortgage register number. If you’re just browsing and want to see what you can afford, bring documents or calculations of your earnings, alternatively together with those of the other borrower in the event of a joint credit (and the state of your employment: job contract, commissions, own business, etc.). Bring information about your current financial liabilities, e.g. credits, leases, instalment purchases, or credit cards. The consultant will also ask about children, other real estate, and the purpose of the purchase. This information will be used to establish your credit rating and choose the credit offer right for you.

You can start preparing months before applying for your credit. Banks prefer customers with a credit history (who paid their previous instalments off on time). If you never had a credit, you may want to make an installment-based purchase and quickly pay it off. Sometimes you can close your credit cards or pay off smaller liabilities. You should also demonstrate revenues as high as possible, especially when you are operating a business. You shouldn’t change jobs before applying for a credit because banks like employment stability! And something obvious – banks check debt lists. If you are on one, try to pay off your debt and get removed.

Consultants recommend consideration of the total credit costs, the APR (annual percentage rate). You should not take only the monthly instalment into consideration when choosing an offer, although it is still very important. Take note of the bank’s margins, i.e. margin rises until entry of the mortgage into the register, potential commission, insurance (bridging, life, real estate), or so-called add-ons like credit or debit cards to the account or charges for the account itself. As you can see, there are numerous elements other than the basic costs, which can considerably raise your credit expenses. And remember to ask about commission for early credit payment and the option of credit vacation.

Our consultants will choose the offer best suited to your situation from offers of all major Polish banks. You will not have to go from bank to bank because our expert will show you the entire offer in one place over a coffee.