Finance
Portuguese mortgages: look beyond the headline rate
Use comparable assumptions
Ask for offers with the same amount, term and deposit. TAEG and MTIC help assess total borrowing cost; the spread alone is insufficient. Review insurance, fees and linked products.
Fixed, variable or mixed
Fixed rates offer certainty during the relevant period; variable rates follow the contractual index; mixed loans combine periods. Request repayment examples after the initial period and under a higher-rate scenario.
Foreign income
Prepare evidence of income, debt and funds and ask the lender about eligibility. A simulation is not credit approval. Have a legal adviser address financing conditions in the purchase commitment. No single advertised rate applies to every buyer.
· CASA BRAVA