Financing & credit
Annuity loans
Loan with constant interest and repayment rates.
Effective interest rate
Total cost of a loan including fees, expressed as a percentage.
Equity capital
Own money that is contributed when purchasing real estate.
Financing plan
Overview of all costs, resources and financing components.
Fixed interest rate
Period during which the agreed interest rate applies.
Forward loan
Interest rate protection for follow-up financing in the future.
Loan-to-value ratio
Value that the bank sets as security for a property.
Mortgage
Securing the loan in the land register – remains in place even after repayment.
Notary escrow account
Escrow account with the notary for the real estate purchase.
Repayment
Repayment of borrowed capital.