2023-06-13 09:17:36
every month in spain change the offers and conditions offered by banks regarding your mortgage offers. Thus, some banks such as CaixaBank, Targobank or BBVA are among the best offers of fixed rate mortgages in the market.
The fixed rate mortgage allows the loan holder to always carry out the same monthly installment payment. In other words, an initial interest is agreed with the bank that lasts throughout the life of the mortgage. It provides peace of mind, in this regard, to the mortgaged.
With the rise of eurybor in recent months, although it now appears to be stabilizing, many citizens have chosen to change their variable rate mortgage at a fixed rate. In addition, fixed-rate mortgages have once again gained momentum in terms of contracts.
BBVA and CaixaBank fixed mortgage
The specialists of ‘Rastreator‘ offer an analysis regarding the best fixed rate mortgages on the marketin the month of June 2023. Among these mortgages are Bank entities like CaixaBank, BBVA or Targobank.
Traditionally, fixed-rate mortgages have always had a higher interest rate than variable-rate ones. However, fixed-rate mortgage loans provide stability that variable-rate ones do not guarantee.
«With the rise in the Euribor and interest rates, the forecasts for the fixed mortgages in 2023 They point to an increase in price. For this reason, at a time full of changes like the current one, choosing the best fixed mortgage is very important for home buyers”, explain the Rastreator professionals.
In relation to this situation, Rastreator professionals have developed a study on the best fixed rate mortgages in june 2023. For this, they have been ordered according to the TAEwith a comparison between different banking entities.
The best fixed rate mortgages
To make a decision about the best fixed rate market mortgagesthe experts of ‘Rastreator’ have taken as reference different conditions on the mortgage loan. Here are some of the key parameters:
- Property: The house with a value of 200,000 euros.
- Contractor profile: Worker with a fixed income of more than 3,000 euros per month.
- Contributed savings: 50.000 euros.
- Mortgage Value: 150.000 euros.
- Dwelling place: Madrid.
- Repayment term: 25 years.
With all this, BBVA has one of the best fixed rate mortgages From the market. Specifically, they offer a 3.50% APR and 2.85% TIN. All this is reflected in a monthly fee of approximately 699 euros per month.
However, to access these fixed-rate mortgage conditions, BBVA requires users to direct payroll and take out home insurance with the bank. In addition, it applies a 1.5% commission for early repayment of capital.
Another of the fixed mortgages that the ‘Rastreator’ experts highlight is that of ‘CaixaBank’. In this case, we are talking about 3.04% APR and 3% TIN, which represents an approximate monthly fee of 711 euros per month. It is also required home insurance contract y payroll direct debitalthough in this case commissions are not applied.
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