Jelzáloghitelezés
Jelzáloghitelezés is the Hungarian term for mortgage lending. It refers to the process where a financial institution, typically a bank, provides a loan to an individual or entity for the purchase of real estate. This loan is secured by the property itself, meaning that if the borrower fails to repay the loan according to the agreed terms, the lender has the right to seize and sell the property to recover their losses.
The key characteristic of jelzáloghitelezés is the mortgage, or "jelzálog" in Hungarian, which is a legal claim
Obtaining a jelzáloghitelt involves a thorough application process, including credit checks, income verification, and property valuation.