Mortgage Dictionary - Basic Loan Terms

B

🇸🇪LåntagareBorrower (mortgagor, debtor): Basic Loan Termsapplication; You who take the mortgage and are obligated to repay it. If two of you buy together, both are borrowers.

C

🇸🇪MedlåntagareCo-borrower (joint borrower, co-applicant): Basic Loan Termsapplication; A person who takes the loan together with you, for example a partner. You are both responsible for the entire loan.
🇸🇪KreditprövningCredit assessment (credit evaluation, loan assessment, underwriting): Basic Loan Termsapplicationrequirements; The bank's review of your finances to determine if you can get a loan and how much. They check income, expenses, other loans, and payment history.
🇸🇪KreditupplysningCredit report (credit check, credit history, credit file): Basic Loan Termsapplicationrequirements; Information about your financial history that the bank retrieves from credit agencies. Shows previous loans, defaults, and debts.
🇸🇪KreditvärdighetCreditworthiness (credit score, credit rating): Basic Loan Termsapplication; A measure of how reliable you are as a borrower based on your financial history. High creditworthiness gives better interest rates.

D

🇸🇪SkuldsättningsgradDebt ratio (debt-to-income ratio, leverage ratio, gearing): Basic Loan Termsapplicationrequirements; How much you owe in relation to your income or the property value. Banks look closely at this when assessing if you can get a loan.

F

🇸🇪BottenlånFirst mortgage (primary mortgage, senior loan): Basic Loan Termsnegotiationrecurring-cost; The part of the mortgage with the lowest risk for the bank, typically up to 90% of the property value (raised from 85% since April 2026). This is where you get the best interest rate.

G

🇸🇪BorgenGuarantee (surety, guarantor arrangement, co-signer): Basic Loan Termsapplication; When someone else, often a parent, vouches for your loan and promises to pay if you can't. Can help first-time buyers get a loan.

J

🇸🇪Solidariskt ansvarJoint and several liability (joint liability, shared responsibility): Basic Loan Termsrequirements; When multiple people take a loan together, each one is responsible for the entire debt, not just their share. The bank can demand the full amount from anyone.

L

🇸🇪LångivareLender (creditor, mortgagee, credit provider): Basic Loan Termsnegotiation; The bank or mortgage institution that gives you the loan. They are who you negotiate the interest rate with.
🇸🇪LåneavtalLoan agreement (mortgage contract, loan contract, promissory note): Basic Loan Termsapplication; The legal agreement between you and the bank that governs the loan, interest rate, amortization, and all terms.
🇸🇪LånebeloppLoan amount (principal, loan principal): Basic Loan Termsapplication; The sum you borrow from the bank to buy the property. Together with your down payment, it becomes the purchase price.
🇸🇪LåneansökanLoan application (mortgage application): Basic Loan Termsapplication; The formal application you submit to the bank to get a mortgage. Contains information about your finances, income, and the property you want to buy.
🇸🇪LånelöfteLoan commitment (mortgage pre-approval, loan promise, approval in principle): Basic Loan Termsapplication; A preliminary decision from the bank on how much you can borrow. Important to have before you start looking for a home so you know your budget.

M

🇸🇪BolånMortgage (mortgage loan, home loan, housing loan): Basic Loan Termsapplication; A loan you take to buy a home, where the property itself serves as collateral. Usually the largest loan a private individual takes.

P

🇸🇪BetalningsanmärkningPayment default (credit default, adverse credit, black mark): Basic Loan Termsapplication; A notation that you haven't paid a debt on time. Makes it very difficult to get a mortgage for several years.

S

🇸🇪TopplånSecond mortgage (top-up loan, junior loan, mezzanine loan): Basic Loan Termsnegotiationrecurring-cost; An additional loan on top of the first mortgage if you need to borrow more than 90% of the property value (raised from 85% since April 2026). The interest rate is higher due to increased risk for the bank.

U

🇸🇪BlancolånUnsecured loan (personal loan, consumer loan, signature loan): Basic Loan Termsrecurring-cost; A loan without collateral, sometimes used for the down payment or renovations. The interest rate is significantly higher than on mortgages.

B

🇸🇪LåntagareBorrower (mortgagor, debtor): Basic Loan Termsapplication; You who take the mortgage and are obligated to repay it. If two of you buy together, both are borrowers.

C

🇸🇪MedlåntagareCo-borrower (joint borrower, co-applicant): Basic Loan Termsapplication; A person who takes the loan together with you, for example a partner. You are both responsible for the entire loan.
🇸🇪KreditprövningCredit assessment (credit evaluation, loan assessment, underwriting): Basic Loan Termsapplicationrequirements; The bank's review of your finances to determine if you can get a loan and how much. They check income, expenses, other loans, and payment history.
🇸🇪KreditupplysningCredit report (credit check, credit history, credit file): Basic Loan Termsapplicationrequirements; Information about your financial history that the bank retrieves from credit agencies. Shows previous loans, defaults, and debts.
🇸🇪KreditvärdighetCreditworthiness (credit score, credit rating): Basic Loan Termsapplication; A measure of how reliable you are as a borrower based on your financial history. High creditworthiness gives better interest rates.

D

🇸🇪SkuldsättningsgradDebt ratio (debt-to-income ratio, leverage ratio, gearing): Basic Loan Termsapplicationrequirements; How much you owe in relation to your income or the property value. Banks look closely at this when assessing if you can get a loan.

F

🇸🇪BottenlånFirst mortgage (primary mortgage, senior loan): Basic Loan Termsnegotiationrecurring-cost; The part of the mortgage with the lowest risk for the bank, typically up to 90% of the property value (raised from 85% since April 2026). This is where you get the best interest rate.

G

🇸🇪BorgenGuarantee (surety, guarantor arrangement, co-signer): Basic Loan Termsapplication; When someone else, often a parent, vouches for your loan and promises to pay if you can't. Can help first-time buyers get a loan.

J

🇸🇪Solidariskt ansvarJoint and several liability (joint liability, shared responsibility): Basic Loan Termsrequirements; When multiple people take a loan together, each one is responsible for the entire debt, not just their share. The bank can demand the full amount from anyone.

L

🇸🇪LångivareLender (creditor, mortgagee, credit provider): Basic Loan Termsnegotiation; The bank or mortgage institution that gives you the loan. They are who you negotiate the interest rate with.
🇸🇪LåneavtalLoan agreement (mortgage contract, loan contract, promissory note): Basic Loan Termsapplication; The legal agreement between you and the bank that governs the loan, interest rate, amortization, and all terms.
🇸🇪LånebeloppLoan amount (principal, loan principal): Basic Loan Termsapplication; The sum you borrow from the bank to buy the property. Together with your down payment, it becomes the purchase price.
🇸🇪LåneansökanLoan application (mortgage application): Basic Loan Termsapplication; The formal application you submit to the bank to get a mortgage. Contains information about your finances, income, and the property you want to buy.
🇸🇪LånelöfteLoan commitment (mortgage pre-approval, loan promise, approval in principle): Basic Loan Termsapplication; A preliminary decision from the bank on how much you can borrow. Important to have before you start looking for a home so you know your budget.

M

🇸🇪BolånMortgage (mortgage loan, home loan, housing loan): Basic Loan Termsapplication; A loan you take to buy a home, where the property itself serves as collateral. Usually the largest loan a private individual takes.

P

🇸🇪BetalningsanmärkningPayment default (credit default, adverse credit, black mark): Basic Loan Termsapplication; A notation that you haven't paid a debt on time. Makes it very difficult to get a mortgage for several years.

S

🇸🇪TopplånSecond mortgage (top-up loan, junior loan, mezzanine loan): Basic Loan Termsnegotiationrecurring-cost; An additional loan on top of the first mortgage if you need to borrow more than 90% of the property value (raised from 85% since April 2026). The interest rate is higher due to increased risk for the bank.

U

🇸🇪BlancolånUnsecured loan (personal loan, consumer loan, signature loan): Basic Loan Termsrecurring-cost; A loan without collateral, sometimes used for the down payment or renovations. The interest rate is significantly higher than on mortgages.

B

🇸🇪LåntagareBorrower (mortgagor, debtor): Basic Loan Termsapplication; You who take the mortgage and are obligated to repay it. If two of you buy together, both are borrowers.

C

🇸🇪MedlåntagareCo-borrower (joint borrower, co-applicant): Basic Loan Termsapplication; A person who takes the loan together with you, for example a partner. You are both responsible for the entire loan.
🇸🇪KreditprövningCredit assessment (credit evaluation, loan assessment, underwriting): Basic Loan Termsapplicationrequirements; The bank's review of your finances to determine if you can get a loan and how much. They check income, expenses, other loans, and payment history.
🇸🇪KreditupplysningCredit report (credit check, credit history, credit file): Basic Loan Termsapplicationrequirements; Information about your financial history that the bank retrieves from credit agencies. Shows previous loans, defaults, and debts.
🇸🇪KreditvärdighetCreditworthiness (credit score, credit rating): Basic Loan Termsapplication; A measure of how reliable you are as a borrower based on your financial history. High creditworthiness gives better interest rates.

D

🇸🇪SkuldsättningsgradDebt ratio (debt-to-income ratio, leverage ratio, gearing): Basic Loan Termsapplicationrequirements; How much you owe in relation to your income or the property value. Banks look closely at this when assessing if you can get a loan.

F

🇸🇪BottenlånFirst mortgage (primary mortgage, senior loan): Basic Loan Termsnegotiationrecurring-cost; The part of the mortgage with the lowest risk for the bank, typically up to 90% of the property value (raised from 85% since April 2026). This is where you get the best interest rate.

G

🇸🇪BorgenGuarantee (surety, guarantor arrangement, co-signer): Basic Loan Termsapplication; When someone else, often a parent, vouches for your loan and promises to pay if you can't. Can help first-time buyers get a loan.

J

🇸🇪Solidariskt ansvarJoint and several liability (joint liability, shared responsibility): Basic Loan Termsrequirements; When multiple people take a loan together, each one is responsible for the entire debt, not just their share. The bank can demand the full amount from anyone.

L

🇸🇪LångivareLender (creditor, mortgagee, credit provider): Basic Loan Termsnegotiation; The bank or mortgage institution that gives you the loan. They are who you negotiate the interest rate with.
🇸🇪LåneavtalLoan agreement (mortgage contract, loan contract, promissory note): Basic Loan Termsapplication; The legal agreement between you and the bank that governs the loan, interest rate, amortization, and all terms.
🇸🇪LånebeloppLoan amount (principal, loan principal): Basic Loan Termsapplication; The sum you borrow from the bank to buy the property. Together with your down payment, it becomes the purchase price.
🇸🇪LåneansökanLoan application (mortgage application): Basic Loan Termsapplication; The formal application you submit to the bank to get a mortgage. Contains information about your finances, income, and the property you want to buy.
🇸🇪LånelöfteLoan commitment (mortgage pre-approval, loan promise, approval in principle): Basic Loan Termsapplication; A preliminary decision from the bank on how much you can borrow. Important to have before you start looking for a home so you know your budget.

M

🇸🇪BolånMortgage (mortgage loan, home loan, housing loan): Basic Loan Termsapplication; A loan you take to buy a home, where the property itself serves as collateral. Usually the largest loan a private individual takes.

P

🇸🇪BetalningsanmärkningPayment default (credit default, adverse credit, black mark): Basic Loan Termsapplication; A notation that you haven't paid a debt on time. Makes it very difficult to get a mortgage for several years.

S

🇸🇪TopplånSecond mortgage (top-up loan, junior loan, mezzanine loan): Basic Loan Termsnegotiationrecurring-cost; An additional loan on top of the first mortgage if you need to borrow more than 90% of the property value (raised from 85% since April 2026). The interest rate is higher due to increased risk for the bank.

U

🇸🇪BlancolånUnsecured loan (personal loan, consumer loan, signature loan): Basic Loan Termsrecurring-cost; A loan without collateral, sometimes used for the down payment or renovations. The interest rate is significantly higher than on mortgages.