How Mojo Mortgage Works
Can you really finance 80% of the share price?
Yes—and Here’s How
When you purchase through Mojo Sharing, you’re already paying just 12.5% of the full property price because you share ownership with seven other buyers. Mojo Mortgage takes this affordability even further by financing up to 80% of your share cost.
A Smarter Way to Finance Property Ownership in Spain
Mojo Mortgage helps make property ownership more accessible by allowing you to finance up to 80% of your share. Instead of purchasing an entire property, you can own a share in a luxury Costa del Sol home with a significantly lower upfront investment.
- Share price: 109.000 €
- 80% financed through Mojo Mortgage: 87.200 €
- Your 20% down payment: 21.800 €
- Monthly payment: From €884 per month
Result: You become a co-owner of a luxury property in Mijas, enjoy up to 6 weeks and 3 days of personal use each year, and benefit from any future value growth while keeping your initial investment low.
Loan Terms & Conditions
What are the financing details?
Loan Amount
Borrow up to 80% of your Mojo Sharing purchase price. The exact amount depends on the specific property share you’re purchasing.
Loan Duration
15-year term, giving you manageable monthly payments while building equity in a Costa del Sol property that appreciates over time.
Interest Rate
Fixed rate of 6.95% + EURIBOR 3
EURIBOR (Euro Interbank Offered Rate) is evaluated every three months, meaning your rate adjusts quarterly based on European banking rates. This keeps your financing competitive with market conditions.
Payment Structure
Monthly payments on the first of each month, covering both principal and interest—just like any traditional installment loan. You steadily build ownership while enjoying your property.
Payment Security
If monthly payments aren’t made for three consecutive months, Mojo Shares reserves the right to cancel the financing agreement and resell the property share. This protects all parties and ensures reliable co-ownership.
Why Finance Your Share?
What are the advantages of Mojo Mortgage?
Preserve Your Capital
Why tie up €79,000 when you can invest just €15,800 and finance the rest? Keep more funds available for other investments, renovations, or simply maintaining financial flexibility.
Leverage Your Investment
As Costa del Sol property values appreciate (averaging 9.3% annual growth), you benefit from appreciation on the full share value—not just your down payment. Your €15,800 down payment grows as the entire property increases in value.
Immediate Ownership
Don’t wait years to save the full purchase price. Start enjoying your six weeks and three days of annual Costa del Sol luxury now while paying over time.
Tax-Advantaged Structure
Depending on your situation, mortgage interest may provide tax advantages. Consult your tax advisor about how property financing applies to your specific circumstances.
Manageable Commitment
Monthly payments spread the cost over 15 years, making luxury property ownership fit comfortably within your budget rather than requiring a large lump sum.
24-Hours Approval Process
How quickly can you get financing?
Fast, Streamlined Application
Traditional mortgage approvals can take weeks or months. Mojo Mortgage provides approval decisions within 24 hours for qualified applicants.
What You Need
Our streamlined application requires standard financial documentation:
- Proof of income
- Identity verification
- Credit information
- Details on the specific Mojo Sharing property
Quick Decision
Within 24 hours of submitting a complete application, you'll know whether you're approved and can move forward with your purchase.
Seamless Integration
Because Mojo Mortgage is designed specifically for Mojo Sharing purchases, the legal team, finance team, and property coordination work together seamlessly.
No external lender coordination, no complicated approval chains.
Calculate your Investment
What would your payments look like?
Example Monthly Payment Calculation
Using Royal Palms (€79,000 share, €63,200 financed):
With current rates (6.95% + EURIBOR 3, approximately 10% total at time of writing):
- Estimated monthly payment: €675-700*
- Total over 15 years: Approximately €121,500-126,000
- Your down payment: €15,800
*Exact payment depends on current EURIBOR rate, which fluctuates quarterly. Contact us for precise current calculations.
Your Ownership Benefits
While making those payments, you’re:
- Enjoying 6+ weeks annually in your luxury property
- Potentially generating rental income from unused weeks
- Benefiting from Costa del Sol property appreciation
- Building equity in a tangible real estate asset
Getting Started
How do you apply for Mojo Mortgage?
Choose Your Property
Browse available Mojo Sharing properties and select the one that matches your lifestyle and budget.
Consult with Our Team
Speak with Mojo Sharing advisors about the property, co-ownership structure, and financing options specific to your selection.
Submit Application
Complete the Mojo Mortgage application with required financial documentation. Our team guides you through exactly what's needed.
Receive Approval (24 Hours)
Get your financing decision within 24 hours. If approved, move forward with confidence knowing your funding is secured.
Complete Purchase
Coordinate with our legal and finance teams to finalize the property purchase, sign loan documents, and receive your ownership certificates.
Start Enjoying Your Property
Book your first weeks and begin creating Costa del Sol memories—you're now a property owner.
Make Luxury Ownership Reality
Ready to finance your Costa del Sol dream?
Don’t let the full share price stand between you and Costa del Sol luxury. With just 20% down and 24-hour approval, your dream property is closer than you think.