Is It Better to Apply For a Mortgage Online or in Person?

Loans are an extremely important financial instrument and part of the economy, but also of our financial life, given that the vast majority of people either have a loan or have had it at least once in their lives. There are many different types of loans tailored to everyone’s needs. But the ones we think about the most and the ones we most often raise in the bank are residential for real estate and non-purpose.

We live in a time when it is almost impossible to solve a housing issue or buy a car if we do not take out a loan for that purpose. Banks offer a variety of loans with different interest rates and different repayment times. In principle, the longer you repay the loan, the higher the interest rate.

Have you decided on a crucial step and buying an apartment? Or is it time to renovate your home and buy new furniture? Tired of public transport and want to finally buy a car? Whatever the reason, you’ve come to the point where you need to take out a loan to more easily afford everything you need. Superficial research is already showering you with expressions such as special-purpose and non-purpose loans, interest rates, fixed and variable interest rates, and you are slowly starting to feel dizzy.


To get a loan, you must meet certain conditions set by the bank. Although these conditions may vary, in principle they come down to the same thing – you need to be employed, be creditworthy, which is confirmed by a certificate of employment and a statement of salary, and so on. There are various types of special purpose and non-purpose loans, and one of the most popular is a mortgage.

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What is it really about? A non-purpose mortgage loan is a product for which a mortgage on real estate is mandatory as a security instrument, and the purpose of spending the loan funds does not need to be proven. If the person who took out the loan is no longer able to repay it, the bank assumes the right to manage the real estate that has been mortgaged, that is, the real estate becomes the property of the bank.


The mortgage application can be filed online or in person at the bank. In principle, each of these methods has certain advantages. Applying online is much simpler and more practical because you can do it from your home and thus save time. However, what is an advantage if you apply in person is the opportunity to ask your banker questions about all the doubts you have, and believe me, there are many. It would not be bad to get better informed about it at, and go to the interview ready. For example, you will probably be interested in what the interest rate is and whether it is variable or fixed. You can also ask for advice on which of the two options is better and more cost-effective. You can also ask the banker to review your current financial situation and tell you if you have a chance to get the loan you want. Of course, before you do this, talk to yourself to determine which installment you will be able to repay on a monthly basis.

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A mortgage loan is a long-term loan granted by the bank to individuals and is special in that it uses a mortgage on real estate as collateral. Some of the advantages of this loan are the possibility of raising a larger amount compared to other types of loans, loan repayment with a fixed interest rate, which is especially important nowadays when the value of most currencies often changes, which often does not benefit the borrower. Also, if you want to repay the loan ahead of time, you will be able to do so without a fee.


Taking out a loan is a serious decision. We advise you to collect offers from several banks, as this will make it easier for you to choose an offer according to your needs. We advise you to ask banks for offers that contain examples of loan agreements and simulations of the repayment plan. The loan agreement contains all important information that may not have been told to you orally. Make an effort and read the terms of the contract so that there are no unpleasant surprises in the future. The repayment plan simulation shows the dynamics of loan repayment and shows the number of annuities, interest, and principal. By simulating a repayment plan, you will have a clear overview of your loan payments and loan installment amounts. If any terms are unclear to you, do not hesitate to ask an employee or other professional for an answer. It is also important to inquire about additional costs so you can prepare.

Final thoughts

The decision to borrow, that is, to take out a loan, is never easy. Giving up part of the income in favor of the loan installment is hard for everyone. But sometimes there is simply no other way to finance some major interventions and decisions in life, which still require more financial resources (such as solving a housing issue, buying a car, tuition at a private college (). No matter how great the need and the motive is strong, it is always good to approach this decision wisely and soberly, because you will still pay off the installment for a long time and ultimately set aside a lot of money and time to repay the loan.

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Before you sign a loan agreement, be sure to ask for an informative repayment plan. Although everything seems clear in the conversation, when you get a table with the dates of each month “black and white” and when it is in front of your eyes, you will know that you really can handle it financially if that table does not cause you much discomfort. This will mean that your decision is firm and secure and that you are likely to be able to afford it financially.