Which documents are necessary for a mortgage loan?
Applying for a mortgage loan is a significant financial step that requires precise preparation and complete documentation. The Mortgage Brokers at Creditchoice Ltd. simplify the process by providing individual consultations, free assistance with assembling the documentation file, and support throughout administrative procedures. Below, we outline the necessary documents and how we can support you.
Identification and Civil Status Documents
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Copy of a valid identification document – ID card, passport, and/or document in case of name changes.
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Certificate of marital status (marriage, children, property regime) and an official certificate from the National Revenue Agency (NRA) for the lack of public liabilities.
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If a spouse is a co-debtor, similar documents for him/her as well.
Income Documents
Depending on the source of your income, the bank requires the following:
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For employees – An official certificate of monthly income, a copy of the employment contract, and any annexes.
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For self-employed or freelancers – Copies of service contracts, tax returns, accounting reports, and proof of paid taxes.
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For rental income – A rental agreement and proof of payment documents.
Property/Collateral Documents
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Copy of the title deed (Notary Act) or ownership certificate, preliminary agreement, and proof of paid deposit (for targeted home loans).
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Current tax valuation and a market valuation report from a licensed appraisal firm.
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Certificate of encumbrances (liabilities), a sketch or cadastral map, a usage permit (Act 16), and any documents regarding remodelling.
Additional Documents for Specific Cases
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If the property is inherited, a Certificate of Heirs.
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For entrepreneurs, certificates of company registration and financial statements.
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Some banks require translation and legalisation of documents if you are a foreign client.
Insurance (if required by the bank)
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Life Insurance – in favour of the bank or the client.
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Property Insurance – for the real estate; optional, but often required.
How do the Mortgage Brokers at Creditchoice Ltd. save you time and effort?
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Personalised Consultation and Preliminary Assessment – Your broker analyses your situation to select the most suitable bank and product.
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Preparation of an Accurate Document List – You receive all necessary forms, templates, and guidelines.
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Assistance in Acquisition – Creditchoice Ltd. offers an additional service: “Assistance in Issuing Documents” (based on a notary’s power of attorney), through which they order sketches, certificates, tax documents, and heir certificates on your behalf.
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Submission and Tracking – The team supports you during the submission of documentation to the bank and monitors the status to prevent delays.
Preparing documents for a mortgage loan can take weeks, from visiting various institutions to waiting for certificates. With Creditchoice Ltd., the process becomes significantly easier, more transparent, and more efficient. Our role is to guide you toward the best conditions and ensure your peace of mind at every step of this procedure. Trust our experience and make the best decision for your financial future!
