Top loans are used less often today than in the past when we today have a mortgage ceiling that means that you can not lend more than 85% of the home regardless of which bank you choose to borrow money from.
This has meant that many banks only have a mortgage loan of 8% and then you have a March family of 15%. However, there are still banks that call the loan between the mortgage loan and March family for just that. Then it can look like you have a 75% mortgage and then you have a 10% top loan and then a March family of 15%.
March family and top loans not the same
March family and top loans are therefore not the same even though it seems that people mix it up if we look at all the questions we get into. Such a loan can be a loan where you do not leave the property as collateral for the loan and therefore receive a higher interest rate on these. And then you have a mortgage loan where you leave the home as collateral for the loan.
It all depends on which bank you choose and what your conditions for borrowing money are. You may also have the opportunity to lend money to the March family if you have the conditions for it as well. It is absolutely possible to do so anyway. Many people find it very difficult to save for the project within a reasonable time and therefore have no other option but to borrow for the project as well.
Learn all about top loans with us
Here we collect guides we have written about Top Loans so that you can get as good an overview as possible. We think everyone who wants to take out a mortgage should know about what is in this guide. This is a quick menu of the Top Loan Guide. You just click on the headings to get to the chapter you want to read more about simply. In this way, we hope that you save time and that you find what you are looking for faster. Here you can give ratings and ratings on the Top Loan Wizard you have just read.
What are top loans?
Answer: Top loans were more common in the past, but still exist with some banks. That may make it a little more complicated, but we hope to be able to give different answers from banks and lenders what they look like. But it is thus the loans that were above the loan with the housing as collateral. A private loan but that was not always called just that.