EBN has today become the first bank to offer a reverse mortgage in Spain, a financial product that allows homeowners over the age of 65 to obtain a loan that they do not have to return until the duration of the same expires and that the house is guaranteed. When contracted, it does not imply … Read more
The mortgage must fit the finances, the financing period and purpose, and the willingness to take risks. Finance: There are three types of mortgages. – Pixabay Ad the essentials in brief Fixed-rate mortgage, variable-rate mortgage, and Libor mortgage are the three options. Budget and willingness to take risks determine the right mortgage model. In order … Read more
Even those with mortgages in force are looking for alternatives to lower their credit quota in this scenario. Thus, one option is to search for the debt purchase or consolidation from your entity or a different one where they offer you a lower interest rate than the one that was granted when you took out … Read more
At the time of retirement, doubts and questions arise, such as whether it is possible complete income that will be obtained from then on in order not to lose purchasing power. One of the options available to workers who have already retired is to apply for a reverse mortgage. Although this concept may not sound … Read more
Frankfurt skyline German cooperative banks have around 30 million private and corporate customers. (Photo: dpa) Frankfurt Despite the economic downturn, German banks Volks- und Raiffeisenbanken again extended more loans last year. The loan portfolio increased by seven percent year-on-year to 758 billion euros, their lobby association BVR said on Monday with reference to preliminary data. … Read more
Never before has there been such a large increase in just one year. The euribor It was in December 2021 at -0.5% and now in the same month of 2022 it has closed just above 3%. This means an increase in the interest rate of mortgages referring to this index of 3.5 percentage points. How … Read more
Today is the deadline for communicating the accession of Spanish financial institutions to the agreement agreed with the Government to help in the payment of mortgages to the middle classes, which is added to the one agreed for the weakest families. To find out the list of banks that have joined, it will be necessary … Read more