Mortgage → Compare And Borrow


In today’s market, there are many and varied opportunities to borrow, both with the bank and with non-bank lenders. It may be difficult to understand the features, conditions and limits of all available credits. That is why the portal Thomas was created and our primary goal is to help people find the most suitable loans.

It is no secret that it is important to understand the selected loan very carefully before drawing it up so that it does not become unnecessary to overpay or, at worst, fail to pay the loan. Assessing the need for a loan and its ability to repay this loan is particularly important in the case of long-term loans. If you want to borrow for tens of thousands, remember that these are credit commitments, most likely for several years, and it is important that the debtor is able to meet these credit obligations.

What is a Mortgage Loan?

What is a Mortgage Loan?

A mortgage is a long-term loan secured by mortgaging real estate. To make a mortgage loan, you can also pledge the real estate you want to buy, repair, or arrange with this loan. Read more: Pledge loans .

During the loan repayment period, this property will be partly owned by the credit issuer. This means that if a person is not able to make credit payments or fulfill any of the credit obligations, the creditor may dispose of the property. After a full loan repayment, this property will belong to you.

Commitment for a long time

Commitment for a long time

Mortgage loan is a long-term loan, and before it is issued, lenders carefully assess the person’s candidacy and solvency. To be eligible for a mortgage loan, a person will have to prove to the lender that it is both financially and morally prepared for long-term credit commitments.

This can most often be proved by orderly finances and personal savings for a large purchase. Part of the purchase will have to be financed by the person himself, through co-financing. If a person has been able to receive funds for the first installment of the property purchase, this confirms the bank’s interest in making the purchase and the person’s solvency.

Most often, a mortgage loan is used for home purchase or repair. The mortgage loan usually amounts to 50% -85% of the market value of the property and is repaid within a period of 10 to 30 years. If there are one or more minor children in the family, the loan may reach up to 95% of the market value of the property using a state guarantee. Making a mortgage loan can be a bit more complicated than any of the short-term credit types, because there are much larger amounts here. That is why a person needs to agree with the lender on credit terms, credit currency, payment schedule, credit interest rate and other credit terms before signing the loan.

A dream about your own

A dream about your own

Many of us have a dream of their own home. Given that real estate is one of the biggest purchases made by people in their lives, for many of us it may seem like an unattainable dream. Making a mortgage loan is possible both through banks and non-bank creditors. Each credit institution has its own rules, which a person has to evaluate in the light of their own opportunities and needs. Read also: credits for furniture purchase .

Before starting the process, it is important to consider and evaluate several factors. It is important to carefully assess your needs and financial capabilities. You have to evaluate how expensive real estate you can afford with your financial capabilities and what restrictions can take you to the dream home purchase. It is worthwhile to re-evaluate the size, location and other factors that affect property prices.

It may be easier to find a dwelling in a budget-friendly price category if compromises are found in other areas. Property prices have a strong impact on their location, which is why consider alternatives. You may be able to save a lot of money if you carry out repairs after purchasing the property or when considering other types of projects. When choosing the right real estate, it is important to maintain a positive attitude and to approach the process with an open mind and let whale creative ideas.

Have you evaluated the following?

Have you evaluated the following?

Before you go into the available credit issuers and offers, it is worth considering some important factors. These factors have a direct impact on the choice of credit, and evaluating these issues can help you evaluate when and how to best apply for a loan for home purchase, repair or improvement.

  • How much do you need to borrow?

Before you go into the details of mortgage loans, it’s important to understand how much you need to borrow. This can be done by estimating the cost of the planned purchase or repair.

If you are planning to buy real estate, then evaluate the required property area and property prices in the desired region. Property prices can vary dramatically depending on how much property you want to buy and how much of this type of real estate is in your chosen region. After evaluating these factors, you will have more clarity about the amount of loan you need.

  • Have you assessed your solvency?

A person’s solvency plays an important role in the mortgage lending options. In order to be eligible for a mortgage loan, a person will have to prove his / her solvency, which has a determining role, among the other factors that the creditor will assess before the credit is issued.

A mortgage loan is a commitment for several years and before it is drawn up, evaluates whether you can afford all the costs associated with the loan and its execution as well as the monthly loan payments.

Monthly loan payments, as a rule, may not exceed 40% of a person’s net income. This factor should be taken into account when assessing the required amount of loan and repayment term.

  • Credit risks

Looking at both the borrower and the creditor, the mortgage loan has a relatively low risk. If a person fulfills all credit obligations, the credit has no risk. The only risk is the loss of real estate if credit obligations are not met. Until the last loan payment is made, the real estate is partly owned by the credit provider. This means that if a person is unable to make monthly payments, the creditor may dispose of the property.

The same mortgage, usually executed for several years, is likely to bring the borrower into financial difficulties or lose his job and thus his monthly income.

In these cases, it is very important not to avoid credit payments, but to go to the creditor and actively seek a solution to the situation.

Considerations that should be made before the mortgage is drawn up

Considerations that should be made before the mortgage is drawn up

To be able to make the best decision about a home loan, remember to consider the important factors that can make the loan less or more profitable. When deciding on such a serious loan with a long-term commitment, it is important to consider a number of important factors and the impact of these factors on your financial situation. Mortgage loan terms, rates and limits depend on how much you want to borrow because, regardless of whether you want to borrow for the purchase, construction, repair or improvement of your home, the bids may vary considerably depending on the credit institution you choose.

  • Monthly loan payments

The amount of monthly loan payments is significantly affected by the maturity of the loan, as well as the size and fluctuations of the interest rate. In short, this means that the monthly loan payments will be lower if you borrow for a long time. Just as the loan has a low interest rate, the monthly loan payments will be lower. It is very important to consider these factors before applying for a loan, because the offer of the creditor will depend on the amount and for how long the person wants to borrow.

  • Repayment term

The term of the loan repayment in banks is most often from 10 to 30 years, but it is worth remembering that the repayment deadlines of non-bank creditors may be different. Banks are usually more flexible with their offers than non-bank credit institutions, but it is always worth considering and evaluating a number of offers before making a decision.

As mentioned earlier, a longer maturity of the loan usually means lower monthly payments, but it is important to assess whether the credit is longer than necessary for the best option. Lending a loan for a longer period than necessary may mean that you will have to overpay once you give up the loan because the interest rate is applied to each payment.

Loan repayment may be a good option in the long run if you want lower monthly payments, but depending on the credit institution’s offer, remember to consider potential “for” and “against”, which can have a significant impact on the long-term credit benefits.

  • Maximum GPL Rate

The maximum annual interest rate is a value that is calculated using a special formula and its value essentially indicates how much your credit will cost you each year. It is possible to calculate the APR, if the term of the loan is known, as well as all costs related to the receipt and repayment of the loan. GPL must be specified in the credit agreement, so remember to read the entire credit agreement and other related documents carefully before signing the contract.

GPL is a good indicator for effectively comparing the benefits of different credits, even when a loan is taken for a shorter period. In order to compare offers between different credit institutions, it is worth taking the APR and comparing it to the same amounts for the same period of time between different credit institutions. Low annual interest rate credit is most likely to be most profitable in most cases.

  • Credit related additional costs

Individuals who have chosen to take out a mortgage or home loan should remember that they will have to pay not only the direct cost of the loan, but also other credit-related costs. Essentially, you will have to reckon with one-off costs in the credit execution phase and with recurring costs.

One-off costs may include bank charges for drawing up credit and related documents, valuation of real estate, land registry fees, notary services, and other expenses that will have to be settled in the start-up phase to ensure that all norms comply with credit standards.

Recurring costs may include various insurance charges, such as real estate insurance.

Monthly payment schedule

Monthly payment schedule

It is possible to choose between two types of loan repayment when making a mortgage loan. Choosing the type of loan repayment is worth considering your solvency and which type will be most friendly to your budget. Available payment schedule types are descending and equal.

Descending repayment schedule

The declining loan repayment schedule means that the loan principal and interest payments are higher at first, but with time, the loan decreases as the loan is gradually repaid. The principal amount for the entire loan repayment period is unchanged, but interest is charged to the outstanding portion of the loan. This repayment schedule will be most suitable for people who want and can pay a higher refund amount and interest payments at the beginning. Basically, the more the credit principal decreases, the more interest payments, which are essentially the result of the lower monthly payments, will be reduced and therefore this repayment method is called a falling repayment schedule. You can get more detailed information about this repayment schedule at the selected credit institution.

Equal repayment schedule

Equal credit repayment schedule essentially means that the loan principal and interest payments are distributed as much as possible in equal monthly loan payments. Every month you will have to repay, more or less, the same amount. Selecting a uniform loan repayment schedule will start with paying a higher amount of credit interest but a lower principal amount. Later, when most of the interest payments will be paid, you will have to pay a higher amount of the loan principal. It is important to remember that these values ​​will be balanced so that monthly payments are approximately the same for the entire loan repayment term. This credit repayment schedule will be most suitable for people who want to repay approximately the same amount each month, which can help to better plan personal and family budgets in the long run.

The main conditions for making a mortgage loan

The main conditions for making a mortgage loan

As we have mentioned several times, mortgage or home loan processing is a big and important decision that needs to be carefully and repeatedly evaluated before engaging in credit obligations. Unlike fast loans and other short-term loans, mortgage lending will be a little more complicated and will take a long time and patience from the borrower.

  • Needs

It is important to assess your needs and goals before applying for a loan. Do you need a large apartment in Riga district, a land plot in Jelgava, a small apartment in the center of Riga or something very different?

It is important to assess your personal and family needs. Real estate is a commitment for a long time, that’s why it’s important to evaluate your needs and opportunities to be able to make the best decision that will be beneficial in practice and budget-friendly.

  • Solvency

Persons with positive credit history and regular income of at least 450 € have the best chance of receiving a mortgage loan. Both bank and non-bank lenders have an interest in reducing risk factors by lending large amounts to private individuals, precisely because a credit institution carefully evaluates a person’s solvency and credit history before issuing a loan. It is important for credit institutions to reduce risk factors and to grant credits only to persons with good solvency and positive credit history. As a result, credit institutions can offer lower rates and other beneficial services to their clients.

Before the loan is issued, the credit institution will assess not only the factors mentioned above, but also the value of the property to be pledged, liquidity and the purpose for which the credit will be used.

For more detailed information on the details and features of the loan, you can apply for a consultation with one of the available mortgage lenders. The mortgage loan processing process can take up to several weeks, so the smartest solution is to start evaluating available creditors and offering them in time.

Whatever your financial situation or goals – always remember to assess the need for credit, borrow responsibly and evaluate your ability to repay the loan!

Which investments are still safe today?




In 2014 risk and return are inversely related. This year, it is of particular importance to have a high level of knowledge about the trends in the markets. In order to be able to invest his money safely, one should absolutely be prepared to adapt his investment strategy flexibly to the rapidly changing market situations. To ensure that you can invest your money safely today, a wide range of investment objects is available to you.

Secure investment with high returns

Secure investment with high returns

Conservative forms of capital investment, such as Bauspar contracts, time deposit accounts or even a house, the private investor promise a low risk but at the same time give no guarantee for a high return. Therefore, you should always look at other ways to invest your money. As a particularly profitable, proves to be more and more investment in real estate as a rental object. A big plus in renting is the fact that the profit remains independent of inflation, as the rent can be adjusted again and again to the cost of living. However, you should bear in mind that if you are a doubt, you have to commit yourself to a very long maturity.


Precious metals and other rare commodities as an investment

Precious metals and other rare commodities as an investment

The most precious and at the same time rarest precious metal, the gold, is one of the safest investments compared to others, because it proved to be extremely stable in value. However, gold does not provide ongoing income and there is no fixed return as the price of gold may rise as well as fall. Only the costs for storage are certain. You should therefore keep in mind that the precious metal is more of a hedge against currency collapse and less the asset accumulation. It is also worthwhile to invest your money in rare raw materials such as crude oil and natural gas, as these resources are limited on earth and therefore their value is steadily increasing.

Further information on the topic:

  • Financial Advisor in Miesbach can be found here
  • Markus Bause Finanz eK in Mühlheim
  • The best tips for investment, finance, funds, stock prices, credit cards, loans and banking conditions of financial experts at
  • Investment in South American cattle breeding at
  • Investment with morality? – More on


Which One Is the Right Investment and Loans


When investing, it is always important that it is optimally tailored to the wishes and opportunities of the respective investor. The first decision is already to be made here whether one wants to have the assets to be saved at any time, or whether it is within their own economic latitude to be able to invest it over a certain period of time. If you are dependent on being able to access your savings account at any time, real estate funds are not at all and a fixed-term deposit is only suitable to a limited extent.

Lucrative investment with overnight money

Lucrative investment with overnight money

In question comes here above all the daily allowance. This combines the daily availability with a lucrative interest. Anyone who is well informed here by comparing the existing offers, comes with his return on the daily allowance already pretty close to the interest rate level for a fixed deposit. The daily allowance is suitable for a wide variety of investment objectives. One saver just wants to build up a small reserve to be well prepared for a major repair, or put the money back for a nice holiday with the whole family. The other uses the daily allowance to park a disbursed insurance until it is used. And in the commercial sector, the overnight money is especially useful if you want to set up tax provisions for larger investments. More on the subject money can also be found on

Longer term with fixed deposit

Longer term with fixed deposit

Anyone who can invest longer term, for which the time deposit is a worthwhile cause. It should be noted that especially the middle periods of the investment bring the best interest. Anyone who is very smart secures the contract money, a contract that can be terminated prematurely and in which the interest in this case back to the level of the daily allowance. This ensures the greatest possible flexibility without having to forego a good return on investment. The security of the invested assets is guaranteed at least in German banks both the daily allowance and the time deposit in full.

Risk-prone in real estate funds

Risk-prone in real estate funds

Anyone who thinks of investing in the long term and can also take on a small speculative risk, for whom real estate funds are a good thing. Above all, the open real estate funds offer a good spread of risk with good returns, because they invest in many different projects. In the case of a closed-end real estate fund, on the other hand, it may be that only one single major project is invested. Another difference between real estate funds is the tradability of the shares. Shares of open-ended real estate funds can be resold at any time. This is usually not the case with a closed-end real estate fund. In addition, there are usually restrictions on possible investors here.