Search mortgage: best mortgage deals

It is time to buy the house and soon we are immersed in the world of mortgages: amount, terms, interest rates, indices, rounding… all terms that begin to hear from the very moment they step on the first bank to apply conditions .

With rising interest rates, the financial market has been opened to new and better conditions. Surge the possibility of negotiating with the bank, and unfortunately, not many know that according to their economic capacity have the possibility to achieve better terms with only household payroll, receipts or insurance. And as any good negotiation, the best negotiator is one who knows perfectly well what must face.

That's why it's important to have clear ideas of what we want before starting the search for the best mortgage.

Amount to ask

The amount we grant in the bank se basa en el value for taxation of housing. It is taxing the company will make an appraisal authorized generally hired the bank and we have to pay us. We can also hire the service directly with us that appraisers, but generally, except contacts, we always cost more expensive than if we do through the bank.

The percentage we granted the bank, assuming cases of first home, will fluctuate between 80 and 100% of the value of valuation.

Taking into account that percentage, we know that, generally, the bank will take into account that share the monthly mortgage does not exceed one third of the net monthly income.

Deadline for depreciation

Is Being more time paying but more comfortable or vice versa? Obviously depend on our economic capacity. But we must bear in mind that over time, we must pay more interest in total. But over time, the monthly fee will also be lower: vs. convenience. total cost.

Interest rate

We can find fixed rate, variable or mixed. It is time to rises in interest when we ask if we can hire a mortgage fixed rate so rest assured throughout the life of the loan. However, the fixed usually higher and shorter deadline. By contrast, the variable depends on the differential that entities established on the benchmark. Today we can find from a Euribor +0.18 (Bankinter), a 0.33% -0.4% which is the most normal or even above if we do not have much to offer.

Benchmark

-- The Euribor is the most widely used and reflects changes in interest rate monthly.
-- The IRPH is more expensive, but the variations are bimonthly.
-- The CEC is used primarily by the boxes.
-- Debt. Slightly used. It is calculated according to the average return which are traded treasury bills.

The commissions

Are as important as one's own interest or time. Because we know if we have the possibility of cancelling a certain amount annually, with what we should seek to advance commissions of approximately EUR 0; if we consider the power to cancel the entire loan before the end of his life (with the that we would be interested some commissions total cancellation of EUR 0), and, of course, commissions openings as low as possible.

What do we offer?

It is important to know what elements we have to negotiate with the bank an interest rate lower. So if they domicile payroll, receipts or core, we said that we reduce interest. Igual happen if they hire more products like overseas property insurance, life, credit cards, money. Etc. But, of course, as in any negotiation, careful not to reveal all our cards once…

Then you show them with the best mortgage terms offered by different banks as of today, May 2, 2007:

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