Review of mortgage … do it now!
Let the banks always put the rules for your own benefit … this has always been and will remain so. The theme of the review of the Euribor every so often (usually annual), in times of growth, when granting mortgages left, right and center, is a minor issue, those that are mentioned in passing and no one I watch as a stumbling block to stamp his signature on the contract for your mortgage. But if the economic cycle changes and is now not come so easily to the end of the month, any change in the delicate balance of our spending can lead to tear up our economic planning. It is at this moment any potential savings should be taken into account and weighed in good measure.
One of these settings is often review the interest rate on our mortgage which, as every good law of Murphy, the worst is when you touch something. If anyone had a review of your mortgage in the second half of last year, will face a very high Euribor, which joined the differential charged by banks, it could put the loan interest rate between 5% and 6% . Euribor remember that October is the one that applies to revisions in December (as published in the latest Euribor Euribor BOE is of two months ago). Even as those reviewed in November, caught one of the Euribor 4.35% … And it all year! How things change in a few months. This review and with the values in the Euribor, 2009, at historical lows, which would be paying a 3% .
But all these things are clearer with numbers, here you get an example. For a mortgage of 150,000 euros, we would save about € 2,500 in a year , which 200 euros per month , calculated with a loan to 20 years. Obviously, a larger amount, monthly savings (although not a direct proportion).
As you can see the numbers are quite interesting … and that so far not mentioned the difference, which can also be something quite old in terms of having your mortgage. We’re talking that if you sign the mortgage and a few year old, this value can go from a 0.75% or even 1% to values below 0.50 %.
But (there’s always a but, right?) Any banking transaction, you have to deal with a variety of expenses that need to get into the equation if we are not surprised. I recommend you take a look at the full tutorial of subrogation to any information you have and what you valoreis really represents change.
And, after all, you finally decide you can apply through the subrogation Captalis for your operation arrives at an agent specialized and you make an assessment of it without compromise.
Do not wait, you’re losing money.
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