If you have decided to buy a home and require financing, you can find different mortgage loan options with different characteristics on the market. For example, you can find the
variable mortgages, loans whose interest is not fixed, on the contrary, it changes over time. However, fixed-rate mortgages are the most requested, since contrary to variables, the amount does not change regardless of the time that elapses. Now, if you are looking for the
best mortgages We are going to show you some alternatives in which you can evaluate your options and compare all their aspects between one and the other to determine which one fits your reality.
Find your purchase opportunity with the best mortgages
Normally to buy a home, premises or any property that exceeds the amount of cash available in your account, it is essential to seek support in a
mortgage loan that suits your needs. On the internet you can find the best mortgages where both fixed and variable stand out, as well as the most attractive ones for not having commissions or for requiring fewer bonding requirements.
- Kutxabank: In a fixed mortgage, it works with fixed interest at 1,35% with a maximum term of 25 years. While with variable mortgages, the first year interest is 1,45%, the rest Euribor plus 0,89% and the maximum term in this type of mortgage is 30 years.
- BBVA: It offers fixed mortgages with interest from 1,35% TIN and a maximum term of 30 years. In variable mortgages, interest in the first year is paid at 0,99%, the rest from Euribor plus 0,99% with a maximum term of 30 years as well.
- OpenBank: For fixed mortgages, interest is 1,35% TIN and 30 year fixed term. For variable mortgages, the first year has fixed interest of 0,95% and the rest from Euribor plus 0,95%, also with a 30-year fixed term.
How to know which is the best mortgage?
As we already mentioned, fixed-rate mortgages are the most sought after, however there are good offers with variable mortgages and they can be taken into account. Even now that the Euribor has been negative for some time and apparently it will remain that way for much longer, leaving a large price difference between the fixed and the variable. Within the offers presented, each of them can be differentiated, but if you really want to choose the best, there are aspects that you should consider:
- Risk level: While your income is high, the better the offers you will find with lower interest and fewer commissions. The risk is that if at any time your income falls, the cost may increase if that requirement is included in your mortgage.
- Links: Currently there is the possibility of contracting most of the mortgages that are on the market, without the need to link your bank account, although you must pass the risk study carried out by the bank. But if you want to bet on the best mortgages, you must meet some conditions, for example, domicile household receipts, payroll, open pension plans or contract credit cards from the entity.
- Commissions: A mortgage usually includes fixed expenses such as the study commission, amortization or opening. Therefore, some options on the market do not include them. This turns out to be beneficial because it involves a really important outlay.
- Expenditure: Before choosing one of the alternatives on the market, make sure if it covers notary fees, records and appraisals. Not all mortgage offers provide this service, so it is best to inform yourself.