Homes affordable despite higher interest rates Despite increased mortgage interest rates, home prices remain affordable. The persistently high proportion of money market financing (SARON) indicates that buyers are optimistic and expect (key) interest rates to fall again in the long term. The possibility of deducting mortgage interest from taxable income also dampens the interest rate … Read more
The mortgage has been one of the great nightmares of the Spanish in the last times. And although in the last three months the Euribor has moderated its rise considerably, the reality is that in the new mortgage reviews that are taking place, The fees continue to rise. Less than a month ago, the European … Read more
Just one year ago, in November 2022, the Government of Pedro Sánchez announced the approval of a series of new developments in the Code of Good Practices of banking entities, which included the elimination of commissions for mortgage subrogations, in the event that these were made to change the interest rate from variable to fixed … Read more
The California Mortgage Relief Program (California Mortgage Relief) has helped 23,000 homeowners, many of them Latino, with millions of dollars to avoid losing their homes. However, when funds run out, more homeowners will be at greater risk of foreclosure than ever, even more so because many don’t even know it exists. During the video conference: … Read more
Both demand and supply of calls grow green mortgages. Its average interest rate is above that offered by traditional home purchase loans. Which banks include these types of products in their showcase? Which are the most interesting for the client? At this time, according to calculations offered by the association of financial users Asufin, the … Read more
Renovation: What renovation costs should you expect? Have you already decided to renovate your home to make it age and senior-friendly? Keep in mind that renovation costs can vary significantly depending on your individual needs and circumstances. The costs depend on factors such as the extent of the renovations, the size of the house and … Read more
He euribor registered the smallest increase in more than a year in October, standing at around 4.16%, but Variable interest mortgage payments will continue to rise, although with less intensity than in previous months. In this way, the main reference for loans with variable interest intended to purchase housing chains two consecutive months of increases. … Read more
With the persistent rise of the Euribor, the mortgages They have become more expensive in the last 20 months. In this sense, the index review to which 3.7 million loans in Spain are linked translates into a increase in fees. In relation to the update this August, mortgage holders will pay on average 227 euros … Read more
The European Central Bank has been raising interest rates at all meetings for just over a year. The objective is clear, reduce consumption and thus lower inflation. One of the main consequences is that the price of loans and mortgages rises, so their demand falls. According to the ECB’s bank lending survey for the third … Read more
As a general rule, To buy a house it is essential to have a lot of savings, since the usual thing is that the bank contributes 80% of the value of the home and therefore the buyer needs to have that remaining 20% of the value of the operation, as well as the formalization fees … Read more