Thank you so much for this video. We are taking the next step to purchase a property in Portugal. Looking forward to more videos regarding the mortgage process, we will have the 30% down. Can you tell me what the current interest rates are? One of the things I have already started was speaking to a couple mortgage brokers.

Don't forget to mention that if you put the typical 30% down payment as required by most banks, you will additionally require Life Insurance by the bank which can easily add 20-25% extra to your mortgage payment. Kind of makes haggling over small interest rate changes fairly insignificant in the grand scheme of things.

If an entire year of rent holds to be true to obtain a D7 Visa, it makes more sense to buy instead. However, it seems like a catch 22 since both scenarios will be new for us as we lack the experience that a short term lease would have given us. Even moving about different parts of the country before making a very expensive decision poses a challenge when long term commitments are the only options. We’re starting the D7 process tomorrow as planned so that we might be ready for October and avoid the craze going on right now. Thank you for the good information though. Interest rates are very low but high for European standards! Amazing