Mortgage Loans

When choosing between the wide range of  current mortgages, it  is important to  know how Mortgage Loans work  and compare and choose the option that best suits our economic profile. With us you will find the best options where to choose your Mortgage Loan since we have a large number of instalments for all types of people and families, since not everyone needs the same type of Mortgage Loan

Hire peace of mind thanks to our advice. You can continue reading the different characteristics of our Mortgage Loans or ask  one of our advisors for more information .

At this point it is difficult to find someone who does not know what a Mortgage Loan is, but not all are the same. By signing one of the possible mortgages, the  bank and you agree on the financing and the repayment term, as well as the other conditions applied  (interest, bonding, commissions, etc.). In exchange for lending us money and allowing its repayment in instalments, the entity charges a certain interest and requires the provision of a double guarantee: mortgage and personal. Therefore, if the client does not pay, they must respond both with the financed home and, if its value is insufficient, with all their present and future assets.

The needs of consumers can vary greatly depending on the economic, family or work situation of each one, so we cannot firmly affirm that there is a perfect mortgage for all profiles. Even so, it cannot be denied that, when comparing several mortgage loans, we always have to look at the interest rate applied, since it is one of the factors that most influences the total price of these products.

Depending on the interest rate that is applied, we can distinguish between three types of mortgages:

• Variable mortgages:  the interest on these mortgage loans is calculated using the differential that each bank applies plus the value of the Euribor, which will be different each month and we will not be able to predict. Mortgages who have this type of mortgage contracts can benefit from reduced fees if the Euribor falls but in the same way, if it rises they will start to pay more.
• Fixed mortgages:  in this case, the mortgage loan has the same interest throughout the repayment term, so the instalments to be paid always have the same cost. Today we can contract fixed rate mortgages with an interest even below 2%, something that was unthinkable a few years ago.
• Mixed mortgages:  A mixed-rate mortgage loan has a different interest at the beginning and at the end. Currently, during its first years of validity, the rate that is applied is a fixed one that, after between five and 20 years, becomes variable (referenced to an index). Now there are many banks that market these mixed mortgages, as they are products that bring them more income at the beginning of the operation (especially now that the Euribor is trading negative) and, if there is a rise in the indices in the medium or long term , they would also be very profitable.

Faced with so much offer, it is essential to have the advice of a professional.

We offer you the mortgage loans that best suit you and your needs and you will get the best plan that best suits you.