Mortgage multi-option
For liquidity and/or consolidation
TAEG and MTIC side by sideWe compare the TAEG and MTIC of the offers from the institutions with whom we have a binding agreement.
Ongoing supportWe’re by your side from the simulation all the way to the day of the deed.
Intermediation at no cost to youThe banks and financial institutions are the ones who pay us a fee, and only if a contract is signed.
Multi-option or mortgage credit: so, what is it?
You may have lots of questions, and we like to keep things simple!
Multi-option or mortgage credit is a financing solution where you use a property as collateral, usually your home or that of a close family member, with their consent.This type of credit allows you to:
•Combine several loans into a single monthly payment, which may be lower — with a longer term, the total cost may increase.
•Finance new projects: home improvements, investments, family support, studies, your own business or other personal goals.
Discover the benefits
What you can use multi-option credit for
Consolidate loans
Invest in a project
Buy another home without a usage license
Buy land
Do home improvements
Buy a new car
What is LTV?
LTV (Loan to Value) is, in practice, the ratio between the amount the bank finances and the property’s appraised value, determined by a certified appraiser. Banco de Portugal recommends that banks do not exceed these LTV limits:Get a home appraisal on ERA’s website (external site)- LTV≤ 90%Primary and permanent residence (purchase, construction or renovation)
- LTV≤ 80%Other loans with mortgage collateral, such as multi-option credit
- Exception≤ 100%With the public guarantee for young people, the bank can finance up to 100% of the purchase of a first home.
Intermediation at no cost
A simple, fast and secure process
- Run a simulation with your details
- A dedicated manager will analyze your case
- We compare the offers from the institutions we work with
- Property appraisal
- Signing the contract or deed
Illustrative exampleMortgage credit
Eduardo and Beatriz used their fully paid home to reorganize their finances
In this example, they consolidated debts, gained liquidity, and financed the planning regularization of an extensionEduardo and Beatriz are fictional characters created for illustrative purposes — they do not correspond to a real case.
Simulation (example)€328.91Monthly payment
Credit amount €40,000.00
Term 15 years
TAEG 6.33%
What is a mortgage credit: is a credit secured by a mortgage on a property, but it is not limited to the purchase or construction of a home — it can be used, for example, to consolidate liabilities, obtain additional liquidity, or finance works, including works for planning regularization. Unlike a Mortgage for purchase, it does not necessarily benefit from the same conditions, and approval always depends on the appraisal of the property given as collateral — including its planning and legal status.
Before moving forward: a mortgage credit increases the debt secured by your home — in the event of default, the property given as collateral may be enforced. Always assess this decision, including term, rate, and total cost, with your CrediSegur manager before deciding.
Simulation (example)Purposes included: €17,000 (consolidation: Personal Credit €8,000 + auto credit €9,000) + €15,000 (additional liquidity) + €8,000 (planning regularization works) = €40,000The monthly payment refers to the fixed-rate period (5 years). After that, the rate becomes 6‑month Euribor + spread — assumption: 6‑month Euribor of 2.922%, average of September 2026 — and the monthly payment is recalculated. 180 monthly payments. Credit secured by mortgage. The TAEG includes the insurance required to obtain the Mortgage under these conditions. TAEG and MTIC reflect the entire term.Because this is not a Mortgage for your own home, the interest is subject to Stamp Duty of 4%, included in the TAEG and MTIC, as well as the dossier and appraisal fees, with Stamp Duty, and the Stamp Duty on the principal (upfront costs).
Property given as collateral (appraised)
€220,000.00
Property status
free of encumbrances
Credit amount
€40,000.00
Term
15 years
TAN — Mixed Rate (fixed for 5 years)
4.25%
Spread (after fixed-rate period)
1.50%
Euribor
6 months
Insurance (Multi-risk)
€28.00Annual: €336.00
Life Insurance is optional for this type of credit and may be required depending on the operation’s risk profile.Upfront costs (fees and Stamp Duty)
€812.00
Monthly payment
€328.91
Payment after fixed-rate period
€331.34
TAEG (example)
6.33%
MTIC (example)
€60,885.16
Need to transfer, build or something else?
See other Mortgage solutions.- Transfer
Transfer your Mortgage and see if you can get better conditions, taking the costs of the operation into account.Learn more - Construction
Financing to build your home from the ground up. Your project, our supportLearn more - Purchase + Renovation
Buy the property and include the cost of improvement works in the same loan. Handle everything in a single operationLearn more - Transfer and consolidate
Combine your Mortgage and other debts into a single monthly payment; a longer term may increase the total interest paid.Learn more - Land + ConstructionA single loan for buying the land and carrying out the construction. Your project is financed from start to finishLearn more
What people say about us
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Union de Créditos Inmobiliários, S.A. – Sucursal em Portugal
COFIDIS
SICAM – Caixa Central e Caixas de Crédito Agrícola Mútuo
Caixa Geral de Depósitos, S.A.
BNP Paribas Personal Finance, S.A. – Sucursal em Portugal
BBVA, Instituição Financeira de Crédito S.A.
Bankinter, S.A. – Sucursal em Portugal
Banco CTT, S.A.
Banco BPI, S.A.
Banco Santander Totta, S.A.
Novo Banco, S.A.
Banco de Negócios Internacional (Europa), S.A.
ABANCA Portugal, S.A.
It is a loan secured by a mortgage on a property — yours or that of a direct family member, with their consent — that you can use for purposes other than buying a home, such as consolidating loans, obtaining liquidity or doing renovation works. Approval is always up to the bank.
Yes. This loan requires a mortgage on a property, which secures the loan until the end of the contract. If the property already has a Mortgage, the bank will assess whether the value of the home is enough for both loans.
The bank asks an appraiser to prepare a property appraisal report. It is the appraised value, and not the purchase price or the value you estimate, that is used to calculate how much you can borrow. The appraisal has a cost, which is listed in the FINE.
Banco de Portugal recommends that, for loans with mortgage collateral for other purposes, the amount should not exceed 80% of the appraised value of the property (LTV ≤ 80%). If the property already has a loan, the sum of both counts. The bank also assesses your debt-to-income ratio, and the decision is always up to the bank.
It can happen. Consolidating loans into a mortgage-backed loan and extending the term can lower the monthly payment, but usually increases the total interest paid. Always compare the MTIC before and after.
In the event of default, the bank can enforce the mortgage, and the property given as collateral may be sold to pay off the debt. Before you decide, make sure the monthly payment fits your budget, even if the rate goes up.
No. Our credit intermediation service has no cost for you: by law, a tied Credit Intermediary can only be paid by the institutions with whom it has a contract. We support you throughout the entire process; the credit agreement is always signed by you with the bank.
A Credit Intermediary is an entity registered with Banco de Portugal that presents banks’ credit agreements to consumers and supports them in the preparatory steps of those agreements.CRRF – Brokerage, Lda., owner of the CrediSegur brand, is a tied Credit Intermediary, registered with Banco de Portugal under no. 0001290, without an exclusivity regime: it works with the institutions with whom it has a binding contract, presents you with proposals from those institutions, and does not provide advisory services.
The simulation allows you to quickly compare the conditions of the institutions we work with and identify, approximately, the rates and conditions they offer, helping you make an informed decision, save time, and avoid unnecessary costs.The simulations shown in our comparison tools are summary analyses and estimates, based on the average conditions practiced by financial institutions. They do not constitute formal offers, official bank simulations, any type of credit approval, or contractual commitment.Only with your consent, and after collecting the necessary information and documentation, can we request and analyze formal bank proposals, which may give rise to a contractual commitment if accepted by the client.At CrediSegur, a tied Credit Intermediary, you have the support of a dedicated manager who assists you throughout the entire process, from the simulation to the formalization of the agreement.
The process is 100% online and our intermediation service has no cost for you.1. Define the loan amount and term2. You indicate the purpose of the loan and other relevant information for calculating and simulating conditions (such as income, employment situation, current expenses, among others)3. You get an estimate of conditions based on your financial profile4. Our platform summarily analyzes the conditions practiced in the market and identifies the most competitive options, helping you save time, avoid trips to banks and understand, approximately, what the best solutions could be for you.The simulations presented are estimates and do not constitute formal offers, credit approvals, or any contractual commitment. Only with your consent, and after collecting the necessary information and documentation, can we request and analyze formal bank proposals, which may then give rise to a contractual commitment if accepted.
Intermediation at no cost