Various solutions available to you to prepare your real estate project
9 categories of home loan offers
Legal Principles
The mortgage, or mortgage, is a loan intended to finance all or part of the acquisition of real estate, the construction operation, or work on such property. New mortgages enter into a specific legal process, aimed at protecting consumer-borrowers. The renegotiations of previous credits also fall within this new framework, when these are granted by the initial lender, they are not the subject of a new contract, but of an amendment.
Legal category
- The acquisition of ownership or enjoyment of a building for residential use or mixed professional and residential use, as well as the subscription or purchase of shares or shares of companies giving rise to their allocation as ownership or enjoyment, including when these operations are also intended to allow the carrying out of repair, improvement or maintenance work on the building.
- The purchase of land intended for the construction of buildings for residential use or for professional and residential use.
- The construction of a building for residential use or for mixed professional and residential use.
- repair, improvement or maintenance work on a building for residential use or mixed professional and residential use, when the amount of the credit is greater than $80,000.
- Credit agreements secured by a mortgage, by another comparable surety on real estate liable to a third party in the event of litigation, in order to reduce the percentage of mortgage in our Bank.
Types of home loan
KGK BANK offers 9 types of mortgage :
- Depreciable loan : regularly repayable in instalments, often monthly
- Loan in fine : repayable in one go, at the end of the credit.
- Fixed rate loan : borrowing rate known from the start of the contract and not varying.
- Variable rate loan : the amount of interest can vary in real time according to the direct evolution of a reference rate, to which is added a fixed margin of the lender.
- Adjustable-rate loan : the amount of interest may vary according to a financial index, such as euribor, for example, on a reset date fixed in advance.
- “Capped” rate loan : the evolution of the variable or revisable rate is limited within values known in advance, either for a fixed period or for the entire duration of the credit.
- Progressive or degressive loan : providing for maturities varying upwards or downwards.
- Tiered loan : technique of calculating a single monthly payment of the same amount for two credits that overlap for some time.
- Flexible loan : A flexible loan is a structured loan with a considerable degree of latitude, allowing borrowers to modify terms as needed to meet changing circumstances.