Search mortgages: best deals on mortgages

Comes time to buy the house and soon we are immersed in the world of mortgages, amount, terms, interest rates, indices, rounding ... all terms that begin to hear from the moment we stepped on the first bank to apply conditions .
With rising interest rates, the financial market has been open to new and better conditions. Raises the possibility of negotiating with the bank, and unfortunately, not many know that in terms of its economic capacity have the possibility to get better conditions with only household payroll, receipts and insurance policies. And like any good negotiation, the best negotiator is one who knows perfectly well what has to face.
It is therefore important to have clear ideas of what we want before starting the search for the best mortgage.
Amount to ask
The amount will be awarded in the bank is based on the appraised value of the home. The appraisal is an appraisal company will usually contract authorized the bank and we have to pay us. We can also contract the service with the appraiser us directly, but generally, except contacts, always cost more expensive than if we make it through the bank.
The percentage that the bank will give us, if cases of first homes, will fluctuate between 80 and 100% of the appraised value.
Based on that percentage, we know that, generally, the bank will take into account that the monthly mortgage does not exceed one third of the net monthly income.
Maturity
Does being longer but better off paying or viceversa? Obviously depend on our ability to pay. But keep in mind that over time, we will pay more interest overall. Of course, over time, the monthly fee will also be lower: Comfort vs. total cost.
Interest rate
We can find fixed, variable or mixed. It increases in time of interest when considering whether we can hire a fixed-rate mortgage so as to be quiet during the entire life of the loan. However, the fixed is usually higher and shorter. By contrast, the dependent variable differential entities establish the benchmark. Today we can find from Euribor +0.18 (Bankinter), to 0.33% -0.4% which is more normal or even above if you do not have much to offer.
Benchmarks
- The Euribor is the most widely used and reflects the interest rate changes monthly.- The IRPH is more expensive, but the variations are bimonthly.- The ECSC is used primarily by banks.- Debt. Slightly used. Is calculated as the average return on traded Treasuries.
Commissions
Are as important as the interest or time. And it is that we will know if we have the ability to cancel a certain amount each year, so we should get some advance fee of $ 0, if we consider the power to cancel the loan before reaching the end of his life (with we are interested in a cancellation fee of 0 EUR), and, of course, opening commissions as low as possible.
What we offer
It is important to know what items we have to negotiate with the bank an interest rate lower. So, if you domiciled payroll, or receipts basis, we will reduce that interest us. Also happen if they hire more products like home insurance, life insurance, credit cards, funds., Etc. But, of course, as in any negotiation, careful not to reveal all our cards at once