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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What is the Spread, and how can I reduce it?
Spread is the portion of the interest rate set by the bank and added to the index (for example, Euribor) in a mortgage. It may be reduced if you take additional bank products or services, such as insurance or salary domiciliation (bundled sales), as stated in the contract. If you later cancel those products, the bank may increase the spread, but only up to one year after that decision.
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