- We obtain multiple offers from banks
- We negotiate price and terms with the banks
- You get an answer on how much you can buy for
- Save thousands on your home purchase
- You get an advisor who is 100% on your side
Lånebevis – what is it? A lånebevis (loan approval certificate), or home purchase certificate, is a document that sets out an agreement between the lender (the bank) and the borrower (you), describing the terms of the home loan and information about how much you can borrow.
It's important to remember that the bank runs a business and therefore rarely gives its best offer at the first meeting.
In addition, banks have very different guidelines, and some are more conservative than others. That's why we also obtain multiple offers from different banks. It's your assurance of the best loan, which can save you a great deal of money.
So what is a loan approval certificate?...
In other words, we scan the market for you and find the solution that suits you best, and from there we take up the negotiation with the banks.
We make sure you're ready to buy and have your loan approval certificate in hand before we submit an offer on your future home. The loan approval certificate, also called a home purchase certificate, is your document stating what you're approved to buy a home for.
Frequently asked questions about the loan approval certificate. How do you get a loan approval certificate? You get a loan approval certificate by contacting a bank. The bank needs some information about your personal finances in order to prepare a loan approval certificate.
How quickly can you get a loan approval certificate?
There's no specific answer to how long it takes to issue a loan approval certificate. It can take anywhere from a couple of hours to a couple of days – or perhaps even a couple of weeks.
What does a loan approval certificate look like?
Based on information about your (or your household's) personal finances – including payslips, your most recent tax assessment, and a budget of fixed expenses – the bank calculates how much you can afford to borrow. The loan approval certificate is thus a guarantee that you can buy a home for the amount stated in the document, along with the conditions that apply to the loan.
Why do I need a loan approval certificate? There are many aspects to a home purchase, and many overwhelming processes you need to keep track of as a buyer.
With Buyer's Advisory from Bomae, we bring together all the processes in a home purchase. This gives you the right advice, financially as well.
There can be a lot of money to save, among other things on your loans in the form of interest, repayments, term length, and much more.
At Bomae, we've helped a great many buyers secure higher loan approval certificates, so that no dream is too big.
A loan approval certificate gives you clarity about your financial situation and the amount you're approved to buy a home for.
This can be of great benefit to you, since in many situations there may be several other bidders for your dream home.
With advice from Bomae, we secure you a loan approval certificate with the best terms for you specifically. From there, we can take charge of negotiating for your dream home, which saves you both time and money. How long it takes to get a loan approval certificate varies a great deal from person to person, as there are many factors at play, and the most important thing for us is that you get the best terms to move forward with.
In addition, the loan approval certificate allows us to calculate your everyday finances, so you know what loan costs come with your chosen loan.
With a loan approval certificate from Bomae, we bring together the best loan offers from several different banks.
We have skilled financial advisors with many years of experience in the financial sector. Our advisors know the workflows and various terms inside out, and can therefore negotiate on your behalf. If you haven't found your dream home within six months, it will be necessary to renew your loan approval certificate. This is because your financial situation can change from time to time.
Financing options. Andelsbolig (housing co-operative share). You pay 5% of the purchase price yourself as a down payment; the remaining 95% can be financed with a co-operative housing loan (andelslån). It's not possible to finance the purchase with a mortgage credit loan (realkreditlån), as is possible with other property types.
Owner-occupied home
As a starting point, you can finance your purchase of an owner-occupied home with a mortgage credit loan (realkreditlån) covering up to 80% of the purchase price. The remaining 10-15% can be financed via a bank loan, and the remaining percentage you must cover yourself as a cash down payment.
Holiday home
You can finance your purchase of a holiday home via a mortgage credit loan covering up to around 75% of the property's value. The remaining 15-20% can be financed with a bank loan. The remaining amount you must cover yourself as a cash down payment.
Fill out the contact form so we can talk about how we can help you with buying and financing your home.
