Home Purchase and Repair Loan
Over 90% pre-approval
Without any financial burden
Cost free credit evaluation
We disburse over 10% of mortgages nationwide
Over 90% pre-approval
Without any financial burden
Cost free credit evaluation
We disburse over 10% of mortgages nationwide
Do you want to make your new home exactly as you have dreamed it?
Have you found the property you want but it needs work or renovation in order to make it exactly the way you want it? By combining the purchase of your home with the repair you will benefit as the renovation work is financed up to 100% of the total budget.
What should I know?
- The disbursement is implemented gradually according to the progress of the works.
- The work progress is certified by the autopsy of the bank’s cooperating engineer
- You have the possibility to pay an installment which is formed according to the loan amount that has been disbursed
Can I start the mortgage loan approval process without deciding on a property?
OF COURSE! By receiving financial pre-approval, you will immediately get an idea of your possibilities, which will help you look for the property that suits you. This is a process that is completed quickly and without any cost or commitment.
And now what do I do? – What is really the first step
But of course, you should contact IMS!
IMS, as a mortgage broker, helps you make the right decisions to repay your loan without any concerns.
We dedicate the necessary time to:
- To fully understand your needs.
- To check your credit rating and present all your possible options.
- To train you and advise you safely, so that together we can formulate the best solution for your own special case.
- To ensure the most suitable loan for you.
The most important thing is that we are by your side throughout the process and offer you a personalized service.
The 7 steps for your home
For the issuance of your mortgage loan, seven basic stages are followed, in which the qualified IMS consultants will guide you safely, consistently and with absolute knowledge of the procedures.
Next step, after your meeting with one of the IMS advisors, is to send your application to the bank of your choice for the amount you wish to be financed. IMS proceeds to gather your financial data, we prepare our report and send the request to the bank for evaluation. It is noted that in order to proceed with the pre-approval request it does not require that you have ended up with a property.
After the bank evaluates your financial profile, your request receives a financial pre approval. The financial pre-approval is an official bank form, on which is written the amount pre-approved by the bank of your choice, with a specific time validity. It essentially confirms that it agrees to finance you for the amount you requested.
Having received the financial pre-approval and once you have settled on a property, the bank will proceed with its inspection. The bank’s lawyer checks the legal status of the property, the engineer checks that it is urban planning legal and will assess its current commercial value, based on which the final loan amount will be finalized.
After finalizing the financing amount, your request receives final approval, the bank form that essentially guarantees you the granting of a specific loan amount. You can now safely proceed to sign the purchase contract for the property.
The final approval is followed by the signing of the property purchase contract, its transfer to the mortgage registry / land office and its presentation to the bank. The bank checks the purchase contract and the borrower’s file again. The signing of the loan agreement essentially formalizes the terms and conditions of granting the housing loan.
After signing the loan agreement, there is an appointment with the bank’s lawyer in order to proceed with the registration of the pre-notation on the property purchase. Essentially, the pre-notation note is a form of mortgage and secures the bank, as it acts as a guarantee for the amount of the loan granted to the borrower.
The last step of the process is the disbursement of the amount to the customer’s account, who by issuing a two-line check pays the seller of the property and the mortgage loan process is completed by presenting the notarized payment deed to the bank.
The 7 steps for your home
For the issuance of your mortgage loan, seven basic stages are followed, in which the qualified IMS consultants will guide you safely, consistently and with absolute knowledge of the procedures.
Next step, after your meeting with one of the IMS advisors, is to send your application to the bank of your choice for the amount you wish to be financed. IMS proceeds to gather your financial data, we prepare our report and send the request to the bank for evaluation. It is noted that in order to proceed with the pre-approval request it does not require that you have ended up with a property.
After the bank evaluates your financial profile, your request receives a financial pre approval. The financial pre-approval is an official bank form, on which is written the amount pre-approved by the bank of your choice, with a specific time validity. It essentially confirms that it agrees to finance you for the amount you requested.
Having received the financial pre-approval and once you have settled on a property, the bank will proceed with its inspection. The bank’s lawyer checks the legal status of the property, the engineer checks that it is urban planning legal and will assess its current commercial value, based on which the final loan amount will be finalized.
After finalizing the financing amount, your request receives final approval, the bank form that essentially guarantees you the granting of a specific loan amount. You can now safely proceed to sign the purchase contract for the property.
The final approval is followed by the signing of the property purchase contract, its transfer to the mortgage registry / land office and its presentation to the bank. The bank checks the purchase contract and the borrower’s file again. The signing of the loan agreement essentially formalizes the terms and conditions of granting the housing loan.
After signing the loan agreement, there is an appointment with the bank’s lawyer in order to proceed with the registration of the pre-notation on the property purchase. Essentially, the pre-notation note is a form of mortgage and secures the bank, as it acts as a guarantee for the amount of the loan granted to the borrower.
The last step of the process is the disbursement of the amount to the customer’s account, who by issuing a two-line check pays the seller of the property and the mortgage loan process is completed by presenting the notarized payment deed to the bank.
And yet, without any financial burden at all!
The services of IMS are absolutely free for its clients as it is paid exclusively by the banking institutions it cooperates with, after the loan has been disbursed. We never charge the borrower any additional fees, even if he changes his mind or withdraws from our services. The same applies to foreign residents who wish to purchase a property through a mortgage loan in Greece.
Do you have further questions? We have the answers...
The Administration and Staff of the company have over 25 years of experience in the field of housing loans. The complex process of the product requires expertise and knowledge, qualities that we possess as our members come from the financial and banking sectors. The successful management and consistency of our services are reflected in the high preapproval rate of our requests, reaching 90%, and in the continuously growing market share we hold in released housing loans across the banking market, exceeding 10%. In 2022, IMS facilitated the disbursement of a total amount of housing loans totaling €135,000,000, while simultaneously the company actively manages 4,000 pending applications on average.
IMS receives payment exclusively from the financial institutions it collaborates with. Our fee is determined by the contractual agreement we have with the bank and is paid only upon the disbursement of the loan. As a customer and potential borrower, you will not incur any charges for our services, either directly or indirectly.
By obtaining a financial pre-approval from the bank, you will receive an official response regarding the loan amount and installment you can afford. This will assist you in searching for a property that aligns with your financial capabilities. Additionally, you will save valuable time without any obligation or financial burden.
There are basically three options:
- Fixed interest rate: remains unchanged for an agreed period.
- Floating interest rate: linked to the Euribor rate plus a spread, and it stays fixed throughout the loan period.
- Fixed and float interest rate: fixed for the initial years and floating for the remaining years (for example, fixed for the first 5 years and floating for the subsequent years).
What is your experience in the mortgage sector?
What is the cost that I will have as a customer?
Why should I apply for Pre-Approval without having found a property?
What type of interest rate can I select?
