This mortgage variables continue to be at the center of the industry. HE euribor closed the month of April at 3,757%It’s getting closer and closer to 4%. However, everything indicates that the indicator will reach a point. period of stability short term.
“That period of stability will come, we could be close, but Euribor most likely to reach 4% first“It’s a value that we can see in the May daily data or the June average,” said Simone Colombelli, iAhorro’s director of mortgages.
because of this the banking redefines the trend. “In 2022, the bank was going to kill a horse between official interest rate increases and data recorded by Euribor, with differences of up to one percentage point between what the European Central Bank (ECB) said and the data. one month later. Now, however, it retakes control of the offer and sets the rate at which interest rates on mortgage offers rise or fall,” explains Colombelli.
in this content Organizations still interested in variable mortgage incentive and therefore they offer additional benefits on such loans. “Variables with a fixed baseline period longer than 12 months fall into the normal range, extending it to 24 or even 36 months, and then very low differences,” says the iAhorro expert.
EVO It is one of the organizations that extend the fixed term of the variable mortgage. In fact, it offers a fixed TIN of 2.20% for the first two years and Euribor +0.48% from there. In contrast, direct deposits of payroll, pension or unemployment benefits exceeding 600 euros and home insurance will be required.
Other organizations have chosen to offer an extremely low spread. This situation Mediolanum Bank and your Freedom Mortgage. 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 must not forget unicaja. Your variable mortgage consists of Euribor +0.50% (1.49% during the first year) and an APR of 4.69%. In this case, the necessary connections are: having an income of more than 2,500 euros per month, direct deposit of payroll and main income, home purchase, life or temporary disability insurance; get car or health insurance and contribute to a retirement plan or mutual fund.
on his behalf EN You have a variable rate loan that does not require meeting many requirements. By debiting the salary directly, depositing more than 600 euros per month or having a minimum balance of 2,000 euros per day and contracting two insurance policies (life and home), a user can earn from Euribor TIN +0.59% (1.50% on the first policy) ) will benefit. year).
Finally, we can highlight the variable mortgage. BBVA. As long as the payroll resides and two insurance policies (home and loan depreciation) are purchased, the user will benefit from Euribor +0.60% (1.49% during the first year) and an APR of 4.97%.
Is it worth getting a variable mortgage?
More than 300 Euros. This is the increase that people with variable mortgages have, which should be reviewed this month. Therefore, a variable rate loan may not be considered the best option at the moment.
While variable mortgages may seem like the worst option, it all depends on a user’s needs. For example, if you are looking for a mortgage with a short amortization period (15 years), taking a variable mortgage may be a good alternative to take advantage of competitive rates.
First of all, it is important to compare, as it is the best way to get a loan with good terms. Simone Colombelli emphasizes that using a comparator like iAhorro can help achieve conditions that cannot be achieved by going directly to bank branches.