Types of mortgages

Tipos de hipotecas

There are different types of mortgages that adapt to different financial needs and real estate projects:

  • Standard Mortgages : Financing to acquire a primary or secondary home.
  • Financing for renovations: Loans to finance the renovation, remodelling or extension of an existing property
  • Construction financing: This type of financing is suitable for new construction projects and is characterised by the fact that payments are made in tranches and after completion of construction phases
  • Double guarantee mortgages: Two properties are used as collateral. This means that up to 100% of the purchase amount of a property can be financed.
  • Equity Release: Financing of an already acquired and unencumbered property. This type of mortgage enables the capital tied up in a property to be released.
  • Purchase and Lease: Financing to acquire properties for rental purposes.
  • Hotels and Restaurants: Mortgages for companies in the hospitality industry. In addition to a classic business case, proof of the company’s historical results must be provided.
  • Refinancing: Adjustment of terms of an existing mortgage.

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