hypotekárne
Hypotekárny is a Slovak term referring to a mortgage loan. It is a long-term loan secured by real estate, typically used for the purchase or construction of property. The property itself serves as collateral, meaning that if the borrower defaults on payments, the lender has the right to seize and sell the property to recover the outstanding debt.
Hypotekárny loans are characterized by their long repayment periods, often spanning 15 to 30 years. Interest
In Slovakia, the process of obtaining a hypotekárny loan involves several steps, including loan application, property