Euribor closed downhill and without brakes. It reached this level with a decrease of 0.138 points. 4.022%. This is the largest decline in eleven years since August 2012.
Does this mean that the rise in this indicator is over? Simone Colombelli, Mortgage manager at mortgage comparator and advisor iAhorro, is cautious about this data: “This is good news, this is especially clear for those who have a mortgage, but It is too early to say that Euribor will not rise again. “In fact, it is likely to be so, and we will see both upward and downward changes in this indicator in the coming months, and it will remain close to 4% for a while.”
Likewise, the decision of the European Central Bank (ECB) not to increase interest rates also helped Euribor change its trend. However, on December 14, the organization led by Christine Lagarde reconvened and The decision you make will be key in predicting how Euribor will close at the end of 2023.
Taking this information into consideration for those looking for a variable mortgage There are organizations with products to consider.
One of these mortgages Mediolanum Bank. Euribor’s TIN consists of +0.79% (0.99% in the first year) and APR of 3.60%. The conditions that must be met to sign these conditions are: opening a bank account at the organisation, direct deposit of permanent income equal to or greater than 3,000 euros and taking out life insurance.
For your part, Evo Euribor has a TIN of +0.48% (2.30% in the first two years) and a variable mortgage with an APR of 4.72%. In contrast, it will be necessary to maintain a payroll, unemployment benefit or pension over 600 euros for residence and to have home insurance.
moving along this line Kutxabank. Your variable mortgage consists of a TIN of Euribor +0.49% (2.91% in the first year) and an APR of 4.92%. But in this case more conditions will have to be met: Payroll residence (amount equal to or more than 3,000 euros per month), annual contribution to Kutxabank pension plans in an amount equal to or more than 2,400 euros and insurance.
We shouldn’t forget the variable interest rate loan it marketed. Ibercaja. Its TIN is Euribor +0.60% (1.50% in the first year) and its APR is 5.38%. All this, as long as the payroll and ordinary receipts are directly debited; using the business’s credit card; Two insurance policies (life and home) were purchased and periodic contributions were made to one of Ibercaja’s investment funds.
Abanca It offers a variable mortgage with a TIN similar to Ibercaja’s, but doesn’t require as many connections. The user will be able to benefit from Euribor +0.60% (1.40% in the first year) TIN and 6.11% APR, as long as the payroll is directly debited, up to 24 purchases are made per year by credit card. business and two insurance policies (life and home) were purchased.
Finally, BBVA Euribor provides a TIN of +0.60% (1.99% in the first year) and APR of 5.49%. The connections required in this case are the direct debit of the payroll and the signing of two insurance policies (home insurance and loan repayment).
In short, there are multiple options to consider for people looking for variable mortgages. Choosing what’s best for every situation The important thing is to compare.
Source: Informacion
James Sean is a writer for “Social Bites”. He covers a wide range of topics, bringing the latest news and developments to his readers. With a keen sense of what’s important and a passion for writing, James delivers unique and insightful articles that keep his readers informed and engaged.