Kiinteistölainaa

Kiinteistölainaa, often translated as real estate loan or mortgage loan, is a type of loan specifically designed for the purchase or refinancing of real property. This loan is secured by the property itself, meaning that if the borrower defaults on their payments, the lender has the legal right to seize and sell the property to recover their losses. Kiinteistölainaa is typically used for purchasing residential homes, apartments, commercial buildings, or land. The loan amount, interest rate, repayment period, and other terms are determined based on the borrower's financial situation, the property's value, and prevailing market conditions. Lenders for kiinteistölainaa are usually banks, credit unions, or other financial institutions. The process of obtaining a kiinteistölainaa involves an application, credit assessment, property valuation, and the signing of a loan agreement. Repayments are usually made in regular installments, which include both principal and interest. The duration of a kiinteistölainaa can vary significantly, often ranging from several years to several decades.