Simplicity is the key
Supplementing our offer with an ERA Mortgage gives you an all-in-one service that improves and speeds up the process, which could be crucial in your transaction. We can get you pre-approved in 30 seconds and offer you a mortgage with one of the best interest rates on the market along with a number of attractive added value services, services that give you a secure start in your new home.
A correct appraisal is vital – and is free
The perceived value of the perfect home is difficult to measure in money, but the market value of a house or apartment is easier to estimate – for an experienced Estate agent that is. For most people the value of the home is a crucial part of the total transaction because it lays the foundation for the next home purchase. If you are uncertain as to the exact value of your current home we will conduct a free appraisal because we believe it is a service you are entitled to.
ERA Mortgage – better for buyer and seller alike
The ERA Mortgage concept is beneficial to buyer and seller alike. As a buyer you can get pre-approved right away and receive better loan terms, a better service and simpler management of the financing. As a seller you also benefit from the loan management moving closer to the customers because it makes it easier for potential buyers to get a pre-approved, and they also have the possibility of talking mortgages directly with the Estate agent, which speeds up the whole process.
ERA Mortgage – for everybody
You may think that you have to buy a home through us to qualify for an ERA Mortgage, but that’s not mandatory. Anyone who buys a home through an Estate agent qualifies for an ERA Mortgage, not only those who buy their home through ERA.
Interest-free down payment loan
Buying a new home usually requires a down payment loan to “secure” the transaction. We offer a special interest-free down payment loan, usually 10 per cent of the purchase price. This is a temporary loan that you repay on the day of closing.
Interest-free “bridge loan”
For those who move into their new home before they have sold their old we offer an interest-free bridge loan. Normally, money from the sale of the old home finances payment of the new. If you have not received payment by the day of closing we will help you with a bridge loan that you repay as soon as you receive payment for the home you have sold. To qualify for a bridging loan you must have signed a purchasing contract or deed of conveyance for the home you are buying as well as the one you are selling. The purchase of the new home and the sale of the existing must be mediated through an Estate agent.
Repayments
If you borrow less than 85 per cent of the purchase price you can choose a non-amortising mortgage. However, we require amortisation for the amount that exceeds 85 per cent. The size of the amortisation depends on the size of the loan but is a minimum SEK 500 a month. We recommend that you always amortise your mortgages. The amortisation period for our mortgages is 50 years maximum.
All good loans comes in two
An ERA Mortgage offers you a favourable loan at a competitive interest rate. You can choose between two different loans, ERA Loan and MERA Loan. We also offer interest-free bridging and down payment loans. More about this below.
1. ERA Loan
The first alternative offers you up to 85 percent of the purchasing price and a 0.15 percent interest discount for the first year, the period when you need money more than ever.
2. MERA Loan
The second alternative offers you up to 100 percent of the purchasing price.
FROM PRE-APPROVED TO MORTGAGE
When you find the perfect home, you want to know as quickly as possible if the dream can become reality, and how far you can go in a bidding process. We will get you pre-approved within 30 seconds. You only need to talk with your local ERA Estate agent or apply via the website. It really is as simply as that. No obligation. The pre-approval you receive is valid for six months.
Get pre-approved
The pre-approval costs neither time nor money. Fill in the necessary information and you will receive a reply within 30 seconds.
Mortgage calculation
When making a mortgage calculation you have to be perfectly honest with yourself – and realistic. Enter as much complete information as possible and we will get back to you with a mortgage calculation.
INTEREST RATES
You can choose a variable interest rate, a fixed interest rate or a combination of both. The mortgage can be fixed for different time periods. Below you can see the current interest rates. The 0.15 percentage units discount is added to the variable and fixed 1-year interest rate, but not on the 2-year to 10-year interest rates.