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This is the cheapest mortgages of the month of November

The mortgage war is still very much alive in November. Perhaps to try to improve the bad numbers of hiring that were registered during the previous state of alarm, the Spanish banks keep the conditions of their loans for housing very attractive, especially in the fixed rate offers. For those who want to know what are the best mortgages that are marketed right now, from the financial comparator HelpMyCash.com they have made a selection of the cheapest products with both fixed interest and variable interest linked to the Euribor.

The best fixed rate

Despite the intense commercial battle that has been fought over the last few weeks in the sector of fixed-rate home loans, the fixed mortgage of the online bank Coinc (belonging to Bankinter) has managed to remain the best offer on the market. Their interest is from 1.45%, at 15 years to 1.60%, at 30 years; without the need to contract other products of the entity and without opening commission.

The silver medal, according to HelpMyCash.com, is taken by the renewed Smart Fixed Rate Mortgage from EVO Banco. This credit, which does not include an opening commission, has an interest of 1.29% for a term of between 20 and 30 years, which is subsidized by direct debiting the payroll at the bank and taking out your insurance home. If not, the rate rises to 1.49%.

And the third drawer of this podium is occupied by the MyInvestor Fixed Rate Mortgage Without Backpack, whose interest is between 1.29%, at 15 years, and 1.69%, at 25 years. Like Coinc, this bank online It does not charge an opening commission nor does it require contracting other products to get your credit, although it is necessary to collect a minimum income of 4,000 euros per month among all holders and finance a maximum of 70% of the value of the home (the usual is that this percentage is 80%).

The most attractive variable rate

At a variable rate, on the other hand, the EVO Banco Smart Mortgage she is the one that takes the gold medal. This loan does not have an opening commission and has an interest of EurÃbor plus 0.98% the first year, of EurÃbor plus 0.88% from the second to fifth, of EurÃbor plus 0.78% from the sixth to the tenth and Euribor plus 0.68% the following. This rate is given a discount of 0.20 points in exchange for direct debit of the payroll and taking out the entity’s home insurance.

The second place is for the Openbank Open Variable Mortgage, whose interest depends on the financed value of the home: Euríbor plus 0.79% if up to 50% is financed, Euríbor plus 0.89% if that percentage is 70% and Euribor plus 0.99% if it is 80%. The first year, however, a fixed rate of 1.99% is applied, no opening commission is charged and the interest is discounted by 0.40 points for direct debiting the income and signing a mediated home insurance .

Finally, the bronze goes to the MyInvestor Variable Rate Mortgage Without Backpack, which has no opening commission and has a fixed interest of 1.79% the first year and Euribor plus 0.89% the following (without additional products). As with your fixed rate loan, this entity online requires owners to finance up to 70% of the value of the home and collect at least 4,000 euros a month together as a minimum.

Comparing saves you money

These, according to HelpMyCash.com, are the cheapest mortgages if the commercial communications of the entities that operate in Spain are taken into account. From the comparator they state, however, that even better conditions can be achieved if you have a good profile and the price is negotiated with the bank.

For this reason, they ensure that the ideal is get in touch with various entities (at least three) to increase the range of options available. In this way, more offers can be compared to see which one would be more profitable and it will be easier to negotiate a better price with the finance company that is more willing to reach a agreement.

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