kodulaen
Kodulaen is a type of mortgage loan used to finance the purchase or construction of a dwelling in Estonia. It is typically provided by banks and other regulated lenders and is secured by a mortgage on the property.
Key features: The loan is repaid in installments over a long term, commonly 15 to 30 years.
Process: Applicants may receive pre-approval based on income and credit history, then submit a formal application
Costs and obligations: In addition to interest and principal, borrowers may pay valuation, notary, and registration
Risks and considerations: Changes in interest rates affect payments, especially for variable-rate loans. Property values can