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Applying for a mortgage in the Czech Republic might be confusing for expats / foreigners due to the Czech bureaucracy, processes in banks, specific buying process of purchasing a property or just because of the language barriers.

In the Czech Republic, this type of mortgage gives you a sum of cash when you take it out. It can be used to refund money (own resources) you used in the past to buy a property. Reverse financing (cashback mortgage) can be used if you have renovated or purchased, for example, a family house, apartment unit or...

The principle of an offset mortgage consists in offsetting the account balance against the amount owed. The client thus pays interest only on the difference between the unpaid loan principal and the amount on the offset account. The balance on the offset account can change continuously, and the amount of interest paid changes according to...