Euribor has hit the brakes and seems to be entering a period of stability. It closed the month of May with 3,862%, Just one-tenth more than in April.
Will this trend continue in the coming months? “The most logical stabilization we’ve seen from this variable mortgage benchmark in the last four months will continue in the coming months.”, explains Simone Colombelli, mortgage manager at iAhorro.
because of this indicator will stay away from 5%. “Most likely, Euribor will stop around that 4% and not increase any more,” Colombelli emphasizes.
Given this context Banking institutions continue to bet on floating mortgages. In fact, you can still find such products with a TIN of less than 0.60%.
One of them can be found at: EVO. Your variable mortgage has a TIN of Euribor +0.48% (2.20% over the first two years) and an APR of 4.17%. In contrast, direct deposits of payroll, pension or unemployment benefits exceeding 600 euros and home insurance will be required.
This line also moves unicaja. Euribor offers a variable mortgage with a TIN of +0.50% (1.49% in the first year) and APR of 4.79%. However, in this case, a large number of connections will have to be assumed: having an income of more than 2,500 euros per month; domicile of payroll and main receipts; buy home, life or temporary disability insurance; get car or health insurance and contribute to a retirement plan or mutual fund.
we must not forget EN and variable orange mortgage. Those who directly debit the salary, deposit more than 600 euros or have a minimum daily balance of 2,000 euros and take out home insurance will benefit from an Euribor TIN of +0.59% (1.99% during the first year).
open bank You have a variable mortgage to consider. Euribor offers an APR of +0.60% (1.60% during the first year) and 4.62%. All this provided that the payroll is domicile; electric and gas contracted with Repsol; Using an Openbank credit card, getting two insurances (life and home) and contributing to Mutual Funds or Pension Plans marketed by the business.
on his behalf Mediolanum Bank and Freedom Mortgage offer Euribor +0.79% (0.99% during the first year) and 3.60% APR. The conditions that must be met to sign these conditions are: open a bank account with the business, take out direct permanent income and life insurance of 3,000 euros or more.
Is it a good idea to have a variable mortgage agreement right now?
It has become one of the most repeated questions as a result of the rise in Euribor in recent months. This clue here it is understand and compare our needs.
It may be a suitable product for the variable mortgage holder. Look for a short payback period. Also, you should be able to Assume increases that may occur as a result of Euribor during quota reviews.
Therefore, in any case the key compare. We must consider all options and this way we will choose the mortgage that best suits the needs. It is generally recommended for Use a mortgage comparator like iAhorro. Its experts help us throughout the process completely free of charge so that we can get the best mortgage.
In addition, it should be considered if a mortgage arises in the future that better suits our situation. we can always change our credit through renewal, succession and cancellation due to change of creditor.