Everything that goes up tends to come down and that is precisely what is happening now with the interest on fixed rate mortgages. If last year they were fully escalating, in recent weeks they have begun to decline as a result of the change in discourse within the ECB.
Thus, There are now three banks that offer mortgages at fixed rates below 3 percentincreasing the alternatives for banking users who intend to pay the same amount from the first month of the mortgage to the last.
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Specifically, the entities that offer fixed-rate mortgages with interests below 3 percent TIN are Banco Santander, Banco Sabadell and Evo Banco, after these last two entities followed in the footsteps of the bank led by Ana Patricia Botín, recently.
Fixed mortgage from Banco Sabadell
In the case of Banco Sabadell, has the Fixed Rate Bonus Mortgage, at an interest of 2.8 percent TIN (3.92 percent APR)without opening fee and for a maximum term of 30 years.
To be able to access this bonus, you need to be resident at home, take out life and home insurance, as well as total payment protection.
If you do not want to contract all of these products, the interest on the Sabadell fixed-rate mortgage increases one percentage point, up to 3.80 TIN (4.24 percent APR).
Fixed mortgage from Banco Santander
Banco Santander also offers a mortgage with a fixed rate of less than 3 percent.
In your case, the conditions are very similar to those of Sabadell, since offers 2.8 percent for thirty years, both in the Bonus Fixed Mortgage and in the Young Fixed Mortgagewith a maximum term of 30 years and up to 80 percent of the appraised value for the acquisition of the first home (although the first six months are paid 2.9 percent).
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As in the case of Banco Sabadell, to be able to access this discounted rate it is necessary to domiciliate the pension, use the entity’s cards, take out insurance with the company and alarms.
If, in addition, there is an energy efficiency certificate with an A or B rating for each of the numerical indicators included therein, an additional 0.10 percent bonus may be achieved up to a maximum of 1. 1 percent total.
Evo Banco’s Fixed Mortgage
Finally, Evo Banco (Bankinter’s 100% digital subsidiary) also has a mortgage loan of this type.
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Specifically, The entity’s Smart Mortgage offers 2.9 percent with a maximum term of 30 years.
The products that allow you to obtain the maximum bonus from the entity are payroll direct debit (0.10 percent), the contracting of home insurance (another 0.10 percent) and the contracting of life insurance (0.10 percent). ,20 percent).
Fixed, mixed or variable mortgages?
Given this cheaper fixed mortgages (but also the Euribor), users will be wondering what type of mortgage is best.
In this regard, Estefanía González, an expert at Kelisto, remembers that it is impossible to accurately anticipate in which direction the Euribor will move in the long term, so the decision must be guided, above all, by personal factors.
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“When choosing the type of mortgage that best suits us, we should not prioritize current factors, although they do have some importance,” he says.
“Choosing between fixed, variable or mixed will depend on the importance we give to total security (and the price we are willing to pay for it), our expectations about the long-term evolution of the Euribor, our economic capacity to face large fluctuations in the installment and our expectations about the years it will take to repay the debt (if we believe that we will be able to do so in the short term, mixed mortgages can be a good option),” he adds.
Wait to sign the mortgage?
In any case, banking users who are not in a hurry to take out a mortgage could wait for prices to continue falling, since the recent drops by Banco Sabadell and Evo Banco anticipate the drums of a mortgage war.
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2024-01-27 04:42:26
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