HE euribor closed February at 3,534% levelIt should be kept in mind that the European Central Bank (ECB) is planning to increase the interest rates again in March, so the reference index may continue this upward trend.
“The European Central Bank (ECB) raised official interest rates by 0.5% in February, and if it raises it again by 0.5% in March, interest rates will reach 3.5%, so it is most likely Let’s see Euribor levels around 4% by summer”, explains Simone Colombelli, mortgage manager at iAhorro.
So… Is it still profitable to take a variable mortgage? “We see these kinds of products. very low spreads which means the person who hires them pays almost exclusively the interest associated with Euribor”, says Colombelli.
One of the variable mortgages with the best terms, EVO. Euribor offers an APR of +0.50% (0.99% during the first year) and 3.87%. In contrast, payroll, pension or unemployment benefits in excess of 600 euros will need to be invested directly and purchased home insurance.
Another of the organizations that should be mentioned in the variable mortgage field is Mediolanum Bank. Your Mortgage of Freedom It has an Euribor TIN of +0.79% (0.99% during the first year) and an APR of 3.60%. Requirements to be met are to open a bank account in the business, direct permanent income equal to or more than 3,000 euros, and take out life insurance.
We shouldn’t forget Unicaja either. Your variable mortgage consists of Euribor +0.50% (0.99% during the first year) and an APR of 4.36%. The connections to be made in this case are: have an income of more than 2,500 euros per month, payroll and main incomes residency, get home, life or temporary disability insurance; get car or health insurance and contribute to a retirement plan or mutual fund.
kutxabank It has a lower TIN than the second year: Euribor +0.49%. However, as with Unicaja, numerous conditions must be fulfilled: depositing the owners’ salary (amount equal to or greater than 3,000 per month), annual contributions equal or greater to Kutxabank pension plans of more than 2,000 euros and home insurance buy.
on his behalf EN It does not require many connections. By debiting the salary directly, entering more than 600 euros per month or with a minimum balance of 2,000 euros per day and making two insurance (life and home) contracts, the user’s Euribor TIN will be +0.59% (1.50% during the first year). and an APR of 4.38%.
Watch out for links
At first, a mortgage may seem adequate for the user’s needs, but you should be very careful. accompanying links. They are generally safe, accounts and even alarms.
Some products may be useful for the user’s daily life, but may purchase others to reduce interest. However, sometimes you may have to pay more with a tie than without it.
Then, The best thing to do is to do the numbers first of all.. That way, the prospective owner will know if he’s paying more for his mortgage. It not only makes comparisons between banks, but also Among the options offered by the same organization.