Everything you need to know about mortgages, from Daniela Rotaru

Do you dream of your own home? Find out how to get the perfect mortgage loan and confidently move towards your dream!

In this interview, Daniela Rotaru, manager of the maib Mortgage Center, answers the most frequently asked questions and explains the key aspects of obtaining a mortgage, from the type of apartment to refinancing and additional costs.

1. Do the amount and terms of the loan affect whether the apartment is in a new building or in an old building?
   Daniela Rotaru: No, it doesn’t. Regardless of the type of apartment, the bank finances 80% of its cost, and 20% must be paid as your own contribution.
    
2. Can the client receive the full amount for the purchase of real estate?
   Daniela Rotaru: Yes, if he or someone else owns other property that can be used as collateral.
    
3. What are the costs associated with a mortgage?
   Daniela Rotaru: Costs can vary, but usually include:
   • Notary fees – the amount depends on the notary and the value of the property.
   • Costs for registering contracts with ASP – at this stage we assist clients with registering documents on their behalf. The client only needs to visit the mortgage center once to sign the documents; We take care of the rest of the processes. The transaction is completed here, without the need for additional travel.


4. What are the most common challenges clients have when applying for a mortgage?
   Daniela Rotaru: Often the mistake is that clients first find a property and then request a loan offer. Often the bank is unable to provide financing due to insufficient equity contribution or unacceptable repayment period.
   
   My advice is to check with a mortgage center first or request an online or telephone consultation to find out the amount you can qualify for before starting your search. Alternatively, the client can use the mortgage calculator on CasaHub.md for preliminary calculations and select offers within the budget.
    
5. What impact has the decline in mortgage rates had on the number of applications?
   Daniela Rotaru: Mortgage loans have become significantly more attractive, which has led to a significant increase in applications. Although current mortgage laws are a little stricter than in previous years, there are solutions for lower-income customers. For example, the Prima Casă Plus program offers financing up to 100% of the value of the property with a term of up to 30 years.
    
6. How have the dynamics of applications changed over the past year?
   Daniela Rotaru: Comparing July of this year with July of last year, the number of applications has increased significantly due to lower interest rates. Despite the rise in real estate prices, interest in purchasing remains high, as many dream of owning their own home.
    
7. How can I apply for a mortgage as quickly as possible: by filling out an online form or visiting a mortgage center in person?
   Daniela Rotaru: Even if you apply online, the final consultation and signing of documents must be done in person at the mortgage center. For an initial consultation at a distance, the CasaHub.md service is very convenient, but the final submission of the application is required in person at the address st. August 31, 127.
    
8. What should you do if you want to refinance your mortgage?
   Daniela Rotaru: We recommend that clients contact the mortgage center directly for advice or request an online consultation. We will review their file and provide personalized advice on next steps.
    
9. What is the mortgage financing process for informal income clients such as freelancers?
   Daniela Rotaru: Anyone who can prove their income can get a mortgage loan. For example, freelancers usually have employment contracts, copyright agreements, or work for foreign companies. In such cases, we take bank statements into account.
    
10. Are there any additional mortgage taxes or fees that a client should be aware of?
    Daniela Rotaru: There are no hidden costs or commissions in maib. Everything is simple and transparent, understandable to every client. If you need help, the mortgage center management team is always ready to help.

So, after you have clarified all the details of mortgage lending, it is time to take the first step - find your dream here:CATALOG CasaHub.

 

For a loan of MDL 600,000 for a term of 30 years at an interest rate 6,46% the monthly payment will be 3,857.40 MDL. DAE will be 6,97%, and the total amount to be paid is 1,394,603.50 MDL.

Interest rate for a mortgage loan “prima casă” is floating and consists of the base rate 3.46 percentage points according to the “Prima casă” Program published by the National Bank of Moldova, and a bank margin in the amount 3% (maximum margin approved by the Ministry of Finance) established on the date of granting the loan in accordance with the current Price Policy for banking products and services for individuals.
We remind you that in the case of loans with a floating interest rate, the latter changes twice a year, on January 1 and July 1, according to the base index published by the NBM.