The search for a mortgage is a complex task to which, in addition to the difficulty of the product, is added the immense offer for which you will not find two identical products.The problem is that the conditions vary depending on the solvency given by the bank to each person, the moment in which they are going to request it and the amount. Too many factors to be able to compare them on equal terms.
However, there are some critical points that you have to look at in order to get the cheapest mortgage.
The type of mortgage.
This is the most obvious point, currently a fixed Mortgage-
The customer’s profile.
When granting a mortgage, it is one of the points that banks take into account the most, they want to guarantee that you will pay rigorously all the installments and therefore they will value the type of work you have (for example if you are a civil servant), history (if you come of another mortgage that you are finishing paying), guarantees and even your personal situation, for example, will value a settled marriage well. All the details count. Deep down it is logical and you should do the same exercise yourself, ask for only that mortgage that you know you are going to pay even if things go wrong. You know, the bank lends money to those who do not need it …
How sharp the customer is.
He who does not compare pays it dearly and you have to compare between all the banks and all the products that they choose. This information will also help you put pressure on your bank and negotiate a reduction. You have to bear in mind that the most interested in hiring the mortgage is the bank since he is the one who is going to make money with it and your task is that they earn the minimum.
The bonuses.
The law requires that mortgages are increasingly clear and with less fine print so the trap is found in “bonuses” (links) all those products that you have to contract with the bank so that they offer you the best offer. Obtaining a lower interest in exchange for more links will not always be the best option since they may be in those products where they are putting it. The calculator is your best ally.
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