When you take out a mortgage with a bank, your banker will ask you to insure your loan. What does this mean? There are suitable insurance policies that cover the outstanding amount of your mortgage in the event of death. These insurances guarantee the reimbursement by the insurer of all or part of the outstanding amount of your loan in the event of your death.
Mortgage loan
Fixed or variable rate mortgage?
Choosing between a fixed-rate mortgage or a variable-rate loan requires particular vigilance because, depending on the formula chosen, the monthly payments can vary greatly. The rate chosen determines the financial burden that the borrower will have to bear through the amount of interest to be paid.
The 10 steps to a mortgage
When looking for a flat or a house to buy, the most delicate phase is the financing of the property. To help you understand and follow the different stages, we have detailed for you the 10 key moments linked to property financing. 1- Signing the preliminary sales agreement [...]
Borrowing in Luxembourg to buy across the border?
You have a real estate project, but need to take out a loan to make it happen. Whether you are French, Belgian or German, you can approach banks in Luxembourg. It may indeed be wise to borrow in Luxembourg to buy abroad. European law is clear on the subject: European Union nationals have the right to borrow in Luxembourg.
Property loan: fixed, variable or adjustable rate?
Are you thinking of buying a property? Then you're bound to have asked yourself lots of questions about financing your future purchase! One of the most common questions is whether you should pay a fixed or variable rate, which is a key factor when taking out a mortgage. What are the differences? Fixed rate When [...]