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www.sunshine-mortgage-solutions.com are able to offer Mortgage Information on products in over 50 Countries. We have the experience and know how to help make the process as straightforward as possible. In any transaction of this type, there are pitfalls to overcome, but with the right type of help and advice, these can be avoided. The timescales involved are generally longer than at home but managing your expectations is one of our many strengths.
Standard mortgage loan
Standard Mortgage Loan - Repayment for maximum 25 years
Purpose of the loan
For financing housing needs – purchase and construction of a housing real estate.
Amount
Up to 80% of the market value of the housing estate to be purchased (according to a licensed appraiser)
Tenor
Up to 25 years
Interest Rate
Annual interest rate comprising a base interest rate (market indices SOFIBOR, EURIBOR, LIBOR) plus margin.
Fees and commissions
According to the Tariff of the Bank for individuals
Discounts
Applicable to clients of package programs of the bank.
Collateral
The credit may be guaranteed by mortgage on the real estate under purchase/construction via credit financing, or by mortgage on another real estate, owned by the borrower or by tier party.
A life-insurance of the borrowers and a property insurance of the collateral are required.
The bank may incur the payment of the required insurance (property insurance or life-insurance) in case it has signed a centralized bank assurance contract to serve its borrowers and the specific borrower is approved for insurance under the terms of this contract by the insurer company.
Requirements towards the borrowers
Minimum 6 months of work experience, respectively 12 months of practice for single proprietors and free lancers Minimum net monthly income of 200 BGN (net income = gross income – taxes and social insurance instalments) The age of the borrower at the loan maturity date to be below 60 years for women and 63 years for men.
Documents
The credit is offered according to the Terms and conditions for crediting of individuals - Credit application - Credit contract
For mortgages on land please click here For mortgage on reconstruction click here
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