The Best Mortgage Simulators and Apps for Buyers

Las mortgages they keep shooting. He European Central Bank (ECB) has raised interest rates again by 25 basis points until placing the price of money at 4.5%, a level that had not been reached since 2001. In this way, This is the tenth consecutive increase adopted by the institution to try to clamp down on persistent inflation, which the ECB believes will not return to its target until 2025 (when it will reach 2.1%).

The increase in interest rates carried out by the ECB to stop inflation has caused an increase in variable mortgages, directly attacking the pockets of all citizens, due to the increase in mortgage payments.

Therefore, if you are thinking about buying a home and taking out a mortgage, it is advisable to know an essential tool to know in advance what you will pay. Its about mortgage simulatorwith which you can calculate the monthly payment, the term and the expenses associated with the purchase of a home in Spain, essential today where the euribor is shot.

This tool is also useful for compare mortgages and know which one is best for us according to the client’s financial solvency. That is, the one that will allow you to save the most money and that offers the best return conditions.

These are the best mortgage simulators for mobile

From the telephone company MásMóvil have made a compilation of the best simulator apps and websites mortgage.

First of all, they highlight the app Caixabank, which allows you to simulate fixed or variable mortgages, know the maximum amount you can borrow, request a personalized offer and take out the mortgage from your mobile. In addition, it offers information about the expenses and taxes associated with the purchase and gives access to a personal advisor.

Secondly, they highlight the app the Pibank for its “speed and agility.” According to the operator, the online bank simulator allows you to simulate the mortgage in less than a minute, upload all the documentation and mark the times to carry out the procedures. «It is one of the platforms that offers more conditions competitive, without commissions or ties«, they emphasize.

Likewise, it distinguishes the simulator that offers BBVAwhich allows simulating fixed or variable mortgages, know the maximum amount that they can lend you, request a personalized offer and take out the mortgage from your mobile.

Furthermore, as in the case of the entity that presides José Ignacio Goirigolzarrioffers information on associated expenses and taxes to purchase and gives you access to a personal adviser.

The app also highlights Santander Bankwhich allows simulating fixed or variable mortgages, know the maximum amount they can lend you, request a personalized offer and take out the mortgage from your mobile. The app also offers information on associated expenses and taxes to purchase and gives access to a personal adviser.

Finally, outside the banking sector, the simulator offered by the real estate portal stands out Idealistic. In its mortgage section, it has a simulator that allows you to buy offers from more than 15 banks, analyze your personal case, resolve doubts and submit applications. The service offered is free and without commitments.

MásMóvil highlights that the main advantage of these apps is that in almost all of them you can send the necessary documentation online without having to go to the bank’s office.

“The important is that Compare the terms and conditions of each one carefully.and choose the one that best suits your needs and preferences,” they recommend from MásMóvil.