Best Bank for a Mortgage

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Don't You Know How to Choose the Best Bank to Obtain a Mortgage? One of the advantages that we offer at Trion Finance Consulting, is that we work with all banks, since we have the freedom to select the best bank to obtain a mortgage, according to the conditions of each client. There is no preference or convenience between any bank, our only objective is that the client is satisfied and obtains the best possible mortgage product.

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Which is the best bank to get a mortgage?

The best mortgage in the market does not depend directly on the bank, this aspect is influenced by both the financial needs and the personal situation of the client. In this case, making a mortgage comparison will help to determine which bank offers the best conditions according to the client's profile.

Best bank by mortgage type

best-bank-for-your-mortgage

In view of the fact that there are two types of mortgages broadly speaking: the fixed and the variable, from this aspect it is possible to determine which entity offers the best product. In the case of fixed mortgages, these are characterized by not transmitting to the client any risk by fluctuation of interest rates for the entire duration of the loan. In case of a supposed risk, the bank will assume the increase of the interest rate, by agreeing a FIXED instalment.

We will show you a couple of simulated examples so that you can better understand the concept but remember that to obtain your mortgage you must have personalised advice from one of our experts.

Example of a fixed mortgage simulation:

What it offers:

  • Effective interest rate of 2%.
  • The amortization period of the loan is up to 30 years.
  • Maximum financing of 80% of the value of the property.
  • Early redemption fee: 0.15%.
  • The client will pay: notary, registration of PURCHASE, ITP, bank appraisal, life/home insurance.
  • The bank will pay the notary's fees, registration, mortgage administration and AJD.
  • Package of basic links: LIFE/HOUSEHOLD INSURANCE, direct deposit of salary, 3 basic utility bills.

In the case of variable mortgages are characterized by having a lower interest rate, the interest rate is determined through a reference index (EURIBOR), plus a differential applied by each bank. In this case it is the client who must assume the risks that the market interest rates increase and we will have differences between the amount of the monthly payments.

Example of a Variable mortgage simulation:

it offers:

  • Nominal interest of Euribor + 1 %.
  • The amortization period of the loan is up to 30 years.
  • Maximum financing of 80% of the value of the property.
  • Early redemption fee: 0.15%.
  • The client will pay: notary, registration and agency of PURCHASE, ITP, bank appraisal, life/home insurance.
  • The bank will pay the notary's fees, registration, mortgage administration and AJD.
  • Package of basic links: LIFE/HOUSEHOLD INSURANCE, direct deposit of salary, 3 basic utility bills.

As we indicated at the beginning this are just two simulations to explain both concepts with better clarity, when deciding on a fixed or variable rate mortgage it is good that you have personalized advice. It should be noted that the advice provided by Trion Finance & Consulting is completely personalized and that we will look for the best option taking into account your profile.

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