2023-05-06 11:44:00
Families who are struggling to meet the monthly commitment to pay a mortgage, especially those with variable interest rates after the sharp rise in interest rates experienced over the last year, can see their situation alleviated thanks to the aid provided for them by the Governmentas long as they are considered vulnerable, their income does not exceed 29,400 euros per year, their mortgage burden has increased by more than 20% and the entity with which they have signed their credit is among the 54 that have joined to the Code of Good Practices, which includes proposals to facilitate the payment of these loans.
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Among those possible solutions to alleviate the monthly burden of debtwhich are opened to those with mortgages in distress, is: the freezing of loan installments for 12 months, a reduction in the interest rate applied and an extension of the duration of the loan by up to 7 years.
If you have a variable rate mortgage, you can also agree with the bank to change to a fixed loan without expenses or commissions and, in addition, agreeing to suppress the amortization interest of the current year.
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