PRACTICAL GUIDES
Questions and Answers about Mortgage Financing
Financing does not have to feel like a maze of technical terms. At FINOVA, we believe clarity is the first step towards a smart decision. Explore our Practical Guides and FAQ centre to understand the financial language and every step of the process — without fine print and without complications.
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Can I apply for a construction loan, or only to buy a ready home?
Yes, you can apply for mortgage credit both for building a home and for buying a completed property. Construction loans are released in stages, in line with the progress of the works. In most cases there is a capital grace period, during which you pay interest only on the amount already used. Once construction is finished, your instalments include both principal and interest.
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