Beach, mountains, investment… There are many reasons to buy a second home, but they all have one thing in common: to do so, we normally need to apply for a mortgage.

Aren't second mortgages like first mortgages? Yes, but no. Both are mortgage loans, although there are small differences that are important to know. What distinguishes a mortgage for a second home are details such as the maximum mortgage amount, the loan term or the fees.

In fact, most financial institutions do not offer specific mortgages for second homes. Therefore, we will have to negotiate on the basis of a standard mortgage, only with certain restrictions. With Hipotecas.com it is much easier because we do have a specific product, the Vive Mejor Mortgage.

Initial savings and maximum mortgage amount, linked products, time to repay the money and commissions are the key factors to consider when applying for a mortgage for a second home.

This is how most people work and this is how we make it easier for you at Hipotecas.com.

Loan capital: Can 100% be financed?

Typically, financing for a second home does not exceed 70% of the value of the house. In other words, if we have not saved 30% of the purchase price plus the costs of setting up a house, we will have to forget about the dream of a house on the beach or in the village.

At Hipotecas.com we see things differently and offer different financing alternatives so that you can fulfill your dream of buying your second home .

Additional products: you won't see them here

It is also common for us to be required to take out additional products in order to be granted a mortgage or, rather, to make us a more attractive offer. In addition to the classic life insurance and home insurance, this is where pension plans and other investment products are added.

At Hipotecas.com we do not believe in linked products . What you are taking out with us is a mortgage loan. Do you also want home or life insurance? We have quality products at competitive prices, but they will not change the conditions of your loan.

Amortization period: less time to repay the mortgage?

Another feature of second home mortgages is that the repayment period is shorter . This means that we will have to pay back the money in less time.

With us you don't have to worry about the term , the mortgage expert who studies your case will give you all the necessary information so that you can choose the term that suits your needs and allows you to face the mortgage for your second home.

Higher commissions always?

Another classic in banking that you won't find at Hipotecas.com . None of our mortgages have an opening fee, or a full or partial amortization fee .

We want to make it easy for you and that's why we even give you preferential conditions if you buy a house with an A or B energy rating thanks to our Green Mortgage.

This is how we see it at Hipotecas.com and that is why the expert who helps you with your case will work with you so that you can fulfill your dream in a responsible way for your financial future. Do you dare to try it?