The best mortgages in the market for this year
It seems that the arrival of 2020 brings us increases in the mortgage market. The Euribor has already risen from -0.189% last December to -0.129% with the entry of 2020.
This means that if you are thinking of buying a property, mortgage loans will rise in your monthly installment $ 2.68 more than what was paid a year ago. For example, if your monthly fee was $ 368.38 per month, as of 2020 you will have to pay $ 371.06.
What does the rise of the Euribor mean?
The rise of the Euribor last December is not surprising, since it has been rising since last April, since in February 2016 it will be for the first time in negative figures.
This increase that directly affects those of variable and mixed type contrasts with the decrease in the rest of the mortgages in the market that are currently at the best price in recent years.
However, although it is true that lowering the fixed rate in the medium term is a fact, the forecasts estimate a possible rise in the future.
What does this all mean?
If we are thinking of hiring a mortgage in 2020, it may be time to sit down and assess the available options, but it seems that the estimates are rising prices from now on.
The best mortgages in the market for this 2020
From E-Money we help you to contract the best mortgage according to your needs and ability to pay, so below we recommend some entities that can help you take that important step such as buying a house.
If you want to apply for your first mortgage and have doubts about how to do it, you may be interested in consulting our post on the steps to take to consult a mortgage.
The Good Finance mortgage allows you to pay the same monthly, you are not subject to market variations. It is intended for people who have stable incomes and who do not want to startle with monthly fees. It has a minimum TIN of 1.75% and covers up to 80% of the total value of your first home. You can return it in up to 30 years and if you choose less the terms are shorter.
Mortgages for independent youth
The Good Credit mortgage is intended for independent youth without a partner. This is a mortgage that is contracted 100% online at a variable rate. How it is intended for young people seeking independence does not require any type of guarantee, has no opening costs and all the management is done online, except the firm and offers competitive market conditions. Up to 30 years of amortization.
It is aimed at people who do not want to pay more or less. It is a fixed rate, so you will pay the same every month without affecting the rise of the Euribor. It finances you up to 80% of the value of the property and has a 2.50% TIN. No need to purchase additional products. As a main requirement, he asks for an indefinite contract of at least 3 years.
Do you need more financing?
At E-Money we analyze your case personally and we recommend financing – be it card, loan, credit or mortgage – more appropriate to your current economic situation.
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If you are willing to take out a mortgage and the terms, conditions, TIN and APR are choking on you, you may be interested in consulting our post on the key terms for contracting a mortgage. And you, are you thinking of acquiring your new home? Why mortgage do you decide?