Loan for reconstruction of real estate, financing of reconstruction with or without collateral

The price level of the whole project is a very important criterion for selecting the appropriate way of financing the reconstruction of the property. For the “lower” scale, either mortgage financing is impossible or expensive. On the other hand, in the case of high-priced action, a mortgage is better in most cases.

In addition, if the borrower is in a situation inviting the use of a Mirror Mortgage, the choice is almost clear. Then just choose a suitable bank.

Forms of reconstruction reconstruction

money loan

Mortgages Read article 1 / Loan / intermediate loan from building savings
2 / Mortgage loan
3 / Combination of building savings and mortgage

How to choose the appropriate type of financing

money loan

Up to about 200 000.- USD, with a few exceptions, building savings is a unique choice. However, there are significant differences between the five building societies. Therefore, it is advisable to leave the choice of the most suitable savings bank or a combination of several institutions to an experienced financial advisor. In some cases, it is necessary to use a combination of multiple contracts with different savings banks.

From 200 000.- USD up it is possible and sometimes even more appropriate to use a mortgage – especially in the form of a mirror mortgage. However, the actual suitability must be assessed on the basis of a detailed analysis of the client’s situation.

Interest rates

Currently, mortgage interest rates are lower, but building savings loans cannot be forgotten. For some clients, this is the only funding option. This is in case they do not have real estate pledged.

Practice example: Financing the reconstruction
Mr. and Mrs. Okáč decided to renovate their flat worth USD 400,000. Both had building savings for 5 years, each at a different savings bank and did not want to stop the apartment or any other property. The solution in the form of loans from existing savings was a clear choice. On the other hand, their son went out on the reconstruction of the family house with a total cost of 900 000.- USD incomparably better mortgage despite the fact that he and his wife also had building savings, both at the same savings bank for 7 years.

Benefits of meeting a comprehensive loan specialist

Benefits of meeting a comprehensive loan specialist

  • Non-binding and free consultation
  • Find all energy saving options
  • Settle administration in one place
  • Discuss possible combinations you will save on
  • Calculate multiple banking houses for easier orientation without losing your precious time
  • Select the bank that best suits your requirements
  • You do not have to circulate the banks and find out the differences and make a difficult analysis


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