By comparing the mortgages for young people, you can choose a mortgage where you will not pay anything extra to the bank. Most banks provide state-subsidized mortgages in Slovakia. However, each has different conditions. The basis for quality comparison is offered from all banks. See a specific example in which I compare the mortgage for young people.
Every comparison of mortgages for young people is individual
No comparison of mortgages for young people can be generalized to apply to every person. Banks take into account multiple parameters for each applicant.
The parameters such as age, employment, income level, education, marital status, loan amount, property value, real estate location, existing liabilities (loan repayments, guarantees, etc.) and in some cases also many little things.
In several banks on the final terms on a mortgage for young people, approved exceptions are also decisive for you to apply if you have them through whom.
What does a particular comparison of mortgages look like to young people?
This is a simple comparison of the mortgages for young people. I did last month for a particular client. This includes the purchase of real estate in Bratislava and 100% mortgage financing.
In this case, VUB wins, which, among other things, provides a mortgage benefit of -1% not only to 50,000 €, but to 70% of the value of the property. It’s a bit of a rarity on the market, along with one’s bank that’s set up similarly. Even without that, it would work quite well.
A completely different situation would be 90% or less. It is very likely that the order of the banks would look completely different.
Which banks do not provide a mortgage for young people
All mortgage banks do not provide mortgage for young people in Slovakia. You will find them unnecessarily in mBank, Oberbank and Poštová banka. They do not have a mortgage for young people, so you can leave them out of the mortgage comparison.
How to choose a mortgage for young people
Simplicity is in place. First and foremost, it is essential for the bank to pay as little as possible for interest and accompanying fees. Also essential are the conditions for obtaining the interest offered.
Most people choose to mortgage bank accordingly. And I agree with this attitude. If you have to pay a mortgage for several decades, the difference of € 20 a month will do a lot.
With financially similar or similar offers, details are already decisive, often very important, such as the availability of branches, the network of vending machines, employee access and extra bank services.
Whatever criteria you choose, the procedure for choosing the right mortgage for young people can be summarized in three points:
- bidding from all banks
- bid comparison and evaluation
- selection according to selected criteria.
If you have already found your future real estate and are already at this stage in your mortgage, you have a large piece of robots behind you.
If you have a choice of mortgage for young people ahead of you and you want to make sure that you choose the really best, you can reach a financial intermediary.
It will help you to develop offers, compare youth mortgages and choose according to your criteria. In addition, it can provide you with extra exceptions to save even more on a youth mortgage.
For more information and to choose the right product to save or invest, contact your financial intermediary.