Pre-qualification letter

You will normally be contacted by an adviser within 2-3 working days from submitting a loan application.

According to the Financial Supervisory Authority of Norway’s guidelines, you need 15% of the home’s purchase price in equity.

Dersom du ikke har nok egenkapital er det likevel mulig å vurdere andre løsninger. Dette kan være tilleggsikkerhet i foreldres bolig, en medlåntaker på boliglånet eller noen som kan stille som sikkerhet med penger på konto, altså en kausjonist.

When your financing has been approved, you will receive a pre-qualification letter from us. This letter guarantees that your financing is in place, so you can take part in a bid round.

The pre-qualification letter is valid for 6 months and can be renewed.

The pre-qualification letter is valid for 3 months and you can renew it by contacting the adviser at DNB who handled your pre-qualification letter.

If you cannot get hold of the adviser, you use the chat function or call us on +47 915 04800.

As a co-borrower of a home mortgage, you are jointly and severally liable for ensuring the entire loan is repaid. This means that each and every borrower is responsible for the entire loan.

A mortgage guarantor is a person who places their own property as additional security for a loan. For example, this might be your parents.

A secured guarantee can be an option for making up for a shortfall in equity. As a mortgage guarantor, you place your own property as security for someone else’s loan. This means that the bank makes you liable for paying the debt if the person you have placed the guarantee for does not pay. It is important to think carefully before agreeing to place a guarantee for someone. You can set a limit for how much you want to or can guarantee.

If you do not have enough equity, we can consider using additional security in a different home. You need 15% of the home’s purchase price in equity, according to the Financial Supervisory Authority of Norway’s guidelines.

You can borrow up to 100% of the purchase sum with additional security in your parents’ home, for example.

Joint debt is debt that belongs to a housing cooperative, and everyone who has an occupancy right or share of an apartment in a housing cooperative, also owns a share of the debt.

The debt is often taken out to carry out works on the housing cooperative that will benefit all of the apartments or residents, for example renovating bathrooms, replacing windows, refurbishing the facade or building balconies. You repay the joint debt monthly along with the joint expenses. High joint debt also means high rent.

NB! Joint debt counts as part of your debt and has an impact on how much you can borrow from the bank.

You can easily make changes to your home mortgage when you are logged in to the online bank.

Under Loan changes select what you would like to change.

For example, you can change the due date (instalment date), the life / term (of the credit)/repayment period and the account from which the payments are taken.

Confirm and submit the change.