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PROBLEM AREAS
IN BUYING A HOME

  • The whole process takes time and there is the risk that you will lose out on the home you want.
  • The money needed for the downpayment is only raised when existing real estate is sold, for example when swapping homes.
  • Banks set different conditions, and these need to be taken into account.
  • Proof of income, depending on the type of income, takes more time or part of it may only be received in the future, for example pension pillar funds, dividends, work as a freelancer, rental income and sale of shares.
  • In the past six months you have not received remuneration in the amount required to get approval for your home loan when the decision is being made.

OUR SOLUTION
FOR YOU

We allow you to buy your home immediately. You then have time to talk to the banks and choose the one that best suits you. You can pay the downpayment for the loan over a longer period.

  • Choose a new home in Tallinn or Harju County.
  • Let us know about your choice.
  • We will get in touch with you, exchange information and make you an offer.
  • We will draw up the purchase transaction with a notary and enter into the contracts.
  • You have time to get a bank loan, enabling you to sell your existing property with peace of mind, raise the amount needed for the downpayment and make sure that your income is in line with the terms and conditions of the loan.
  • Meanwhile, you pay rent to use your new home.

 

CONTACT US AND WE
WILL FIND THE BEST
SOLUTION FOR YOU

 

info@mumkodu.ee
info@mumkodu.ee

COST OF
SERVICE

  • The transaction fee starts from 1% of the property’s value.
  • Monthly rent payments until the bank loan is approved, the amount of which depends on the cost of the home and the amount of the downpayment
  • (e.g. the rent on a home costing 200,000 euros with a 10% downpayment will be approximately 1080 euros).
  • Notary fees are paid in accordance with the state’s established price list.

WHY WAS 
MUM CREATED

The idea behind MUM was born from the personal experience of its founders when applying for a home loan revealed that it can take significantly longer than a new home remains available. In the case of home loans, banks have a lot of statutory obligations to meet, the downpayment is needed immediately and analysis takes time, especially if the income in question is business income. We want to transform your experience so that if you have already chosen a home, you will become its owner. Our aim is to work closely with banks so that customers get the best home loan offer.

  • Martti

    I felt the need for something like MUM when applying for my loan, because the developer entered into a contract with another buyer. My loan was approved in the end, but I didn’t get to buy the home I wanted.

     

  • Urmo

    I’ve applied for home loans several times, and as a small business owner I have to explain the sustainability of dividend payments and wages I receive.

  • Martin

    When I was applying for a loan, it became clear that the banks treat business-related income very differently when assessing a person’s solvency.