Housing credit: Less paperwork, more plants on the balcony

To get the best conditions on a home loan, it is essential to seek the help of specialists. They help analyse all the available options and choose the best alternative. It is important to carefully compare bank proposals, be informed about different interest rates, spreads and your contractual obligations. Count on the support of Poupança no Minuto to ensure the best financing for your home.

The maximum amount you can obtain depends on factors such as your financial situation, income and own capital. Use our home loan simulator or consult one of our agents for a personalised analysis.

Yes, you can renegotiate your loan with your bank or transfer it to another bank with better conditions.

There are several types of home loans, each with its own purpose, which also provides different offer conditions. The most common home loans are: primary permanent residence (HPP), secondary residence (HS), investment/rental housing, land for building a primary residence, garage, storage, land without housing, advance payment and other mortgage credits.

Fixed interest rate: Ideal for those who prefer stability, with a constant payment throughout the loan term; Variable interest rate: Payments may fluctuate based on Euribor (3, 6 or 12 months): When Euribor falls, the monthly payment is also revised downward, and vice versa; Mixed interest rate: Combines an initial fixed rate period and then switches to a variable rate indexed to Euribor.

The spread is the profit margin the bank applies to the interest rate. It varies according to the loan risk, the financed amount and the client's conditions.

The TAN is the interest rate charged on monthly payments and results from the sum of the spread and the index rate.

The TAEG includes all costs associated with the home loan, such as interest, commissions and charges.

The main costs include: Initial fees (application, appraisal, etc.); Type of interest rate and spread; Notary and registration costs; Mandatory insurance (life and multi-risk).

The main taxes are IMT (Property Transfer Tax) and Stamp Duty.

When requesting provisional registrations at the land registry office, you must pay registration fees for the acquisition and the mortgage; On the day of the deed, notary fees are paid for the acquisition and the mortgage loan.

The life insurance premium is calculated based on the age of the home loan holder(s), the amount owed and the risk of the operation, covering situations such as: death, absolute and permanent disability (IAD), total and permanent disability (ITP), illness or accident. The premium value is determined by the insurance company with which the client takes out the insurance.

Multi-risk insurance allows the bank to certify the property it will mortgage. The insurance coverage is the recovery/reconstruction value and its amount is calculated based on the number of rooms, the desired coverages and the geographic location of the property to be insured.

FINE stands for European Standardised Information Sheet. It is a document that allows you to compare the conditions of different home loans, helping you make an informed decision.

The documentation required for a home loan application varies from bank to bank, but there are some essential documents that are always required for the first step. Identification document; Last tax return; Pay slips (last 3 months); Bank statements (last 3 months); Bank of Portugal Credit Responsibility Map. If you are self-employed, additional documents will be required. Contact Poupança no Minuto for support at this stage.