5 articles
Mortgages
Rates, the down payment, the bank's margin and refinancing: everything about borrowing.
- Mortgage in Latvia: how it works from application to payout A mortgage (hipotekārais kredīts) is a loan to buy a home, secured on the home itself. Here is the whole path, from the first sum on paper to the day the bank pays the seller.
- Euribor explained: how it changes your mortgage payment Euribor is the part of your mortgage rate that neither you nor your bank decides. Here is how it works and what it means for your monthly payment.
- How much mortgage can I get in Latvia? Income-based calculation How much mortgage you can get is not just up to your bank. Latvijas Banka has set three limits, and your amount is the lowest of them.
- Down payment for a flat in Latvia: how much to save The down payment is the biggest sum you need to save before buying a flat with a mortgage. Here is the legal minimum and the real amount to plan for.
- Monthly mortgage payment: how to calculate it and what affects it How big will your monthly mortgage payment be if you buy a flat? Here is the method, the payment per EUR 10,000 borrowed and the income the bank will expect.