The good news continues for those with mortgages and for those who are looking for a loan at this time. This is because The <a href="https://www.world-today-news.com/the-euribor-returns-to-an-area-of-%e2%80%8b%e2%80%8bhistorical-lows-and-advances-mortgage-cuts-idealista-news/” title=”The Euribor returns to an area of historical lows and advances mortgage cuts – idealista / news”>Euribor closed the month of October at 2.691%up to 1,469 percentage points less than in the same month of 2023.
“With what we are seeing, especially in recent days, we could say that we are in a golden last quarter for mortgage holders. The Euribor has registered daily data of around 2.5% in October, something that we have not seen for just two years (October 2022), when the trend was completely contrary, since the market was affected. Furthermore, now, banks are making very good offers for the best profileswith fixed mortgages that are getting very close to the 2% NIR and mixed mortgages below that interest rate,” says Simone Colombelli, director of Mortgages at the comparator and mortgage advisor iAhorro, who clarifies that, for all this, “it has already arrived “the best time of year to sign a mortgage.”
As Colombelli commented, this is the best time to apply for a mortgage and, in fact, for those who prefer to opt for a variable mortgage there are several options with attractive conditions.
One of the loans with the best conditions is EVO. It is made up of a TIN of the Euribor +0.48% (1.80% during the first two years) and an APR of 3.62%. In exchange, it will be necessary to domiciliate the payroll, unemployment benefit or pension of more than 600 euros and take out home insurance.
Another of the variable mortgages that can be highlighted is that of Mediolanum Bank. It is made up of a TIN of the Euribor +0.79% (0.99% during the first year) and an APR of 3.60%. The requirements that must be met to sign these conditions are the following: open a bank account with the entity, direct deposit of recurring income equal to or greater than 3,000 euros and take out life insurance.
For its part, Ibercaja sells a variable mortgage with a TIN of Euribor +0.60% (1.50% during the first year) and an APR of 4.28%. However, in this case more requirements will have to be met: direct deposit of the payroll and the usual receipts; use the entity’s credit card; acquire two insurance policies (life and home) and make regular contributions to one of Ibercaja’s investment funds.
The variable rate loan moves along the same lines. Unicaja. It has a TIN of Euribor +0.50% (1.99% during the first year) and an APR of 4.10%. The conditions to be met in this case are the following: have an income greater than 2,500 euros per month; domiciliate the payroll and the main receipts; purchase home insurance; life or temporary disability; take out car or health insurance and make a contribution to a pension plan or investment fund.
We must not forget the loan at a variable rate of bank. In this case the TIN is Euribor +0.60% (1.40% during the first year) and an APR of 5.04%. All this as long as the payroll is direct debited, 24 purchases are made per year with the entity’s credit card and two insurance policies are purchased (life and home).
Finally, for someone who wants to have more options to compare, there is the variable mortgage of BBVA. With this loan, a user will be able to enjoy a TIN of Euribor +0.60% (1.99% during the first year) and an APR of 4.36%. The links that will have to be assumed in this case are the direct debit of the payroll and the contracting of two insurance policies (home insurance and loan repayment).
