SEVILLA, 29 (EUROPA PRESS)
Consumption responds recommends, before taking out a mortgage loan, to have a forecast of expenses and possibilities, as well as to be cautious with certain reference indices, such as the IRPH, as well as with certain clauses in the loan contract, such as the floor clauses or with contracting the loan in a currency other than the euro (multi-currency mortgage).
The Junta de Andalucía, through the Consumer Inspection Plan, includes among its actions inspection campaigns to verify the existence of abusive clauses in mortgage loan and credit contracts, in defense of the rights of users.
The purchase of a home must be a decision to be made after a “deep and thoughtful” reflection, and above all the consumer has to assess whether it is really convenient for him to buy rather than rent, as highlighted by Consumption responds through a statement.
If you have opted for the purchase, you must be aware of the economic possibilities for the purchase. In addition to the mortgage loan installments, it is usual to pay an entry that is usually at least 20% of the total price of the home.
Consumption Responds has stressed that people who decide to take out a mortgage loan must have a forecast of expenses and possibilities. As a guideline, the totality of the monthly installments to pay the family debts, which include those of the mortgage loan, should not exceed 40% of the monthly income of the family unit.
Likewise, Consumption recommends consulting with several financial institutions to choose the one that offers the best loan conditions. In it, the interest rate must be valued: fixed, variable or mixed. In the fixed rate, the monthly fee does not vary throughout the entire loan, but it is usually higher than the variable rate and with shorter repayment terms. In variable interest, the rate is reviewed periodically and is normally adjusted to the Euribor, with longer repayment terms. In the case of variable interest, it is not advisable to accept excessively high differentials.
In addition, the financial entity with which the mortgage loan is signed must not force the subscription of accessory services or products, such as insurance contracts, contracting of cards, pension plans, opening of checking accounts or direct debit of payroll.
Likewise, the so-called preparatory or formalization expenses of the mortgage loan must be taken into account. In this contracting process, there is a series of expenses such as notary, registration in the Property Registry, agency, property appraisal, or the so-called Documented Legal Acts Tax, which is paid whenever you subscribe a notarial document.