lunes, 20 de julio de 2020
The best mortgages for 2017
Through the helpmycash bank product comparator, we offer you, from Marti Projects, in this article the best mortgages currently on the market to finance the purchase of a home with the best conditions at the moment and for the beginning of 2017, it must Keep in mind that in the comparison we have not only taken into account the interest on the mortgage, but also the commissions and related products, aspects with a direct impact on the monthly payment. We have selected the five most advantageous mortgages:
The comparison has been made with a general example for all banks, based on a single applicant, a non-customer of the entity, a 25-year payment period and a € 100,000 mortgage and with the object of buying a home.
ENTITY PRODUCT TAE INTEREST QUOTA Related products
ING Direct Orange Mortgage 1.75% E + 0.99% € 373.08 3
Santander Santander Mortgage 2.19% E + 0.99% € 373.08 4
Hipotecas.com Variable Mortgage 2.05% E + 1.59% € 400.69 1
Banco Mediolanum Mortgage Freedom 1.89% E + 1.19% € 382.15 2
Kutxabank Kutxabank Mortgage 1.44% E + 0.90% € 369.05 5
ING Direct Orange Mortgage
APR: 1.75% Interest: E + 0.99% Fee: € 373.08 Related products: 3
It has a very good relationship between interest (Euribor + 0.99%), related products (only 2 compulsory insurances) and totally free of commissions
PURPOSE
Financing of: First home
Second home - The differential amounts to 1.09%
For: Purchase
Bank Change - Subrogation
Capital increase
Advantages Euribor + 0.99% for clients
Up to 80% of appraised value
Maximum term of 40 years
Little bonding required
TYPE OF INTEREST
APR 1.75%
E + 0.99% - € 373.08 fee
LIMITS
Maximum term 40 years - provided that at the expiration of the same the age of any of the holders does not exceed 75 years
Maximum financing (LTV) 80% - for 1st home and 75% for 2nd home
COMMISSIONS
Opening and study 0.00%
Novation 0.00%
Partial amortization 0.00%
Subrogation 0.00%
LINKED PRODUCTS
Life insurance
Home insurance
Direct debit
PURCHASE
From Euribor + 0.99%
Up to 80% of the appraisal for 1st house and 75% for 2nd
SUBROGATION
From Euribor + 0.99%
Up to 80% of the appraisal for 1st house and 75% for 2nd
SUBROGATION with CAPITAL EXPANSION
Euribor + 1.19%
Up to 80% of the appraisal
REHIBIT THE HOUSE
Euribor + 1.19%
Up to 65% of the appraisal
ADDITIONAL INFORMATION
Review of the semi-annual fee
Without TINI (initial interest)
The ING Direct Orange Mortgage allows the purchase of a first residence and also a second one. It is suitable for making a mortgage subrogation, that is, changing the bank mortgage, or for acquiring real estate for other purposes. It finances up to 80% of the appraised value of the home over 40 years with one of the best interests of the moment, below 1%: at Euribor + 0.99%.
Apart from the interest, another attraction of the Orange Mortgage is that it only requires the contracting of two compulsory insurances: life and home insurance, in addition to direct debiting, a link that is very affordable. All this without paying any type of commission, or opening, amortization or subrogation. It also offers the possibility of taking advantage of free credit and debit cards.
If you already have a mortgage and want to bring it to ING Direct, the entity offers the opportunity to ask for more money or change the repayment term, taking into account that in that case the interest on the Orange Mortgage would increase.
The ING Direct Orange Mortgage is one of the best products of the moment: no commissions, no floor clause, no different interest at the beginning and with very few related products.
More information at: https://www.ingdirect.es/#
Santander Santander Mortgage
APR: 2.19% Interest: E + 0.99% Fee: € 373.08 Related products: 4
The Santander Mortgage at a variable rate is one of the best options at the moment because it has one of the lowest interests on the market, Euribor + 0.99%, and it also allows financing of 1st and 2nd homes.
PURPOSE
Financing of: First home
Second house
For: Purchase
Bank Change - Subrogation
Euribor Advantages + 0.99%
For 1st and 2nd home
TYPE OF INTEREST
APR 2.19%
1.75% for 24 months - € 411.79 fee
After E + 0.99% - € 373.08 fee
LIMITS
Maximum term 30 years - 25 years for 2nd home
Maximum financing (LTV) 80% - 70% for 2nd home
COMMISSIONS
Opening and study 0.50%
Surrogacy 0.50%
LINKED PRODUCTS
Life insurance
Home insurance
Debit - or credit card. Min 6 movements
Quarterly
Direct debit - From more than € 2,000
Direct debit at least 3 receipts per quarter
In case of not complying with the relationship, the interest rate
applied will be Euribor + 2.19%, variable APR of 2.60%
ADDITIONAL INFORMATION
Annual review.
The Santander Mortgage offers some of the best conditions of the moment. For the purchase of a first home, it offers interest for the first two years of 1.75% and then Euribor + 0.99% with financing of 80% of the appraised value. If it is a second residence, the interest is still 1.75% and the third year at Euribor + 0.99%, financing up to 70%.
The link required by the Santander Mortgage is to settle the payroll of a minimum of € 2,000 per month between the holders, to contract two insurances (life and home). In addition, they ask us to domicile 3 receipts and make 6 movements with the credit or debit card in the three months prior to the interest rate review.
Another interesting point of the Santander Mortgage is that it allows (by requiring direct debit) the contracting of Account 123, the payroll account with the most advantages of the moment. In addition, by contracting this account we can access discounts on insurance contracted with the entity, making it possible to increase the savings margin.
If all the link is not fulfilled, the interest rate that would be applied would be Euribor + 2.19%.
More information at: https://www.bancosantander.es/es/particulares/hipotecas
Hipotecas.com Variable Mortgage
APR: 2.05% Interest: E + 1.59% Fee: € 400.69 Related products: 1
The variable rate mortgage loan from Hipotecas.com is one of the most interesting options to finance the purchase of your first home, it has a very competitive interest of Euribor + 1.59%, and does not charge any type of commissions, and does not require no linkage.
PURPOSE
Financing of: First home
For: Purchase
Advantages Euribor interest + 1.59%
No commissions
No linked products
TYPE OF INTEREST
APR 2.05%
1.99% for 24 months - € 423.37 fee
After E + 1.59% - € 400.69 fee
LIMITS
Maximum term 30 years
Maximum financing (LTV) 80% - Not determined
LINKED PRODUCTS
Home insurance - You can contract with any company
insurance carrier
The variable mortgage of Hipotecas.com offers a fixed interest
during the first year of 2.25%, and Euribor + 1.59%
for the rest of the life of the mortgage loan; TAE
variable of 2,035%.
There is also a second option of an initial 2-year fixed
with an interest of 1.99% and then Euribor + 1.59%; the APR
variable would be 2,052%
In addition, the Variable Mortgage is free of commissions and does not
requires you to have an account with the entity, or to contract any
product except for damage insurance, which may
contract with any insurance company.
The variable rate mortgage loan from Hipotecas.com is one of the most interesting options to finance the purchase of your first home, it has a very competitive interest of Euribor + 1.59%, and does not charge any type of commissions, and does not require no linkage.
More information at: https://hipotecas.com/
Mediolanum Bank Mortgage Freedom
APR: 1.89% Interest: E + 1.19% Fee: € 382.15 Related products: 2
PURPOSE
Financing of: First home
Second house
To: Purchase - You can also request for reforms.
Building
Advantages Term up to 30 years
Financing of 80%
For purchase and reforms
TYPE OF INTEREST
APR 1.89%
E + 1.19% - fee of € 382.15
LIMITS
Maximum term 30 years
Maximum financing (LTV) 80%
COMMISSIONS
Opening and study 1.00%
Partial amortization 0.00%
Subrogation 0.00%
LINKED PRODUCTS
Life insurance
Direct debit
It is also necessary to be a Banco Único customer (customers who
in addition to having the payroll domiciled in the entity they have
a product managed at Banco Mediolanum).
For clients who do not take out life insurance or are Banco Único clients, interest will apply from Euribor + 1.39% (70% financing) and Euribor + 1.49% (financing up to 80%).
ADDITIONAL INFORMATION
For financing of up to 70%, the interest rate is from Euribor + 1.19%.
For financing from 70% to 80%, the interest rate is from Euribor + 1.29%.
The Banco Mediolanum Freedom Mortgage is suitable for the purchase of first and second homes and offers interest from Euribor + 1.19% for financing up to 70%. If the financing reaches 80%, the interest becomes Euribor + 1.29%. The term can be a maximum of 30 years.
The relationship required by this mortgage is: direct debiting of the payroll, life insurance and contracting a product managed by Banco Mediolanum.
More information at: https://www.bancomediolanum.es/es-ES/financiacion/hipotecas/hipoteca-freedom.html
Kutxabank Kutxabank Mortgage
APR: 1.44% Interest: E + 0.90% Fee: € 369.05 Related products: 5
The Kutxabank Mortgage offers one of the lowest interests on the market from Euribor + 0.90% and with a maximum term of up to 30 years for the purchase of the first home.
PURPOSE
Financing of: First home
For: Purchase
Euribor Advantages + 0.90%
TYPE OF INTEREST
APR 1.44%
1.40% for 12 months - € 395.25 fee
After E + 0.90% - fee of € 369.05
LIMITS Maximum term 30 years
Maximum financing (LTV) 80%
COMMISSIONS
Opening and study 0.25% with a minimum of € 150.00
LINKED PRODUCTS
Life insurance
Home insurance
Debit card - Purchases equal to or greater than € 3,600 per year
Direct debit - Min. € 3,000 per month
Pension plan - Minimum € 2,000 per year
In case of not complying with all the linkage and contracting only home insurance, the interest goes from Euribor + 0.90%% to Euribor + 1.90%.
The Kutxabank Mortgage is one with the lowest interest rates on the Euribor market + 0.90%. It is suitable for the purchase of a first home and allows obtaining up to 80% of financing for up to 30 years. It has a low differential, but in return requires a lot of links with the bank: domicile the payroll greater than € 3,000 per month, consume a minimum of € 3,600 per year with a credit card, hire a pension plan with a minimum annual contribution of 2,000 € and take out home insurance and life insurance. If all the required link were not met, the spreads on Euribor would rise by 1%, Variable APR: 2.33%.
More information at: https://kutxa.kutxabank.es/cs/élite/kb/es/particulares/productos/prestamo_hipotecario/hipotecas_vivienda/pys
These are the best options to start 2017 if you have to apply for a mortgage, we remember that before deciding on one of them, check if it suits your needs and observe the binding products and their particular conditions
The calculations offered are for guidance and, in any case, the operation is subject to approval by the central services of each bank, so it does not constitute a contract offer that links Marti Projects.
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