Mortgages keep interest rates low. This is because December’s Euribor stood at -0.502% in December, close to the historical low that took place in January 2021. This means that people who have to review their mortgage will continue to save: 4.92 euros per year with a home valued at 150,000 and 9.96 euros per year with one of 300,000 .
What will happen in 2022? Everything indicates that the Euribor will remain stable, since the European Central Bank has no intention of raising rates. In fact, Simone Colombelli, the director of mortgages at iAhorro, predicts that throughout this year there will be no significant increases and that, in addition, it will remain negative.
These data and forecasts indicate that it is a good time to contract a mortgage, since the user you will have the opportunity to get a loan with the extremely low rate.
The smart variable mortgage EVO, for example, has a TIN of Euribor +0.83% (1.85% during the first year) and an APR of 1.85%. We will only have to domicile the payroll, unemployment benefit or pension of more than 600 euros per month and take out two insurance policies (life and home).
The variable mortgage Kutxabank It also has low rates: a TIN of Euribor +0.89% (1.45% during the first year) and an APR of 1.78%. In order to contract the loan with this interest, the required links are direct debiting the payroll of the holders (equal to or greater than 3,000 euros per month), making an annual contribution to Kutxabank pension plans of an amount equal to or greater than 2,000 euros and contracting insurance Home.
myinvestor offers a similar interest, but without asking for ties in return. This means that the client will not have to contract extra products to enjoy interest below 1%. In this way, a person will be able to opt for a TIN of Euribor +0.89% (2.49% the first year) and an APR of 0.74%.
Another of the entities for which it is not necessary to contract many banking products is open bank. It is true that it has a slightly higher interest (TIN of the Euribor +0.95% and an APR of 2.37%), but in exchange for only directing the payroll and taking out home insurance.
On the other hand, there are mortgages that still have rates between 0.90 and 1%. Among them is that of Bankinter with a TIN of Euribor +0.99% (1.99% the first year) and an APR of 2.63% provided that the following links are contracted: an account with the entity, two insurance (life and home) and a pension plan. It offers 80% financing for the first home and 60% for the second.
BBVA also has a mortgage with a TIN of Euribor +0.99% (1.99%) and an APR of 1.40%. In this case, it will be necessary to domicile the payroll and take out two insurance policies (home and repayment of loans).
1% mortgages, but with much fewer bonds
There are variable mortgages with interest above 1%, but they require much less bonding, therefore, they may be suitable for people who cannot assume an extra cost for banking products.
Among these loans we can highlight the Banco Mediolanum Freedom mortgage. covers the 80% of the purchase or appraisal value (the lower of the two amounts) of the property with a term of up to 30 years. In order to take out the Freedom Mortgage, it will be necessary to have a checking account at Banco Mediolanum which, in any case, will be free for the duration of the Freedom Mortgage. The interest rate is fixed during the first year (1.99%) and, in the following years, variable: annual Euribor + 1.05%. The APR is 2.37%.
All the offers mentioned make us see that there are numerous options depending on the needs of each user. It is because of that comparison is more important than ever.