Saving to access a mortgage: How to do it?

Saving to access a mortgage A home can be purchased in cash or by obtaining financing through a mortgage. However, whatever the scenario, it will be necessary to have a fund of money. We will tell you how much money is involved and what are the methods to collect it and access a mortgage. How … Read moreSaving to access a mortgage: How to do it?

Can I afford an average mortgage in Spain?

If you are thinking about purchasing your first home , it is logical that you ask yourself if you can afford an average mortgage in Spain . To find out, we will tell you what the cost of an average mortgage is in the country currently. It is important to be clear that the total … Read moreCan I afford an average mortgage in Spain?

Euribor value higher than that of the IRPH: Why is this due?

The April value of the IRPH index, which is in the country to calculate the interest of a minority of variable mortgages. Has been locate for the first time in its history, below the value of the Euribor, which is the most in Spain for this purpose. The IRPH is at while the value of … Read moreEuribor value higher than that of the IRPH: Why is this due?

Changing the owner of a mortgage loan: How much does it cost?

Changing ownership of a mortgage implies that another person takes much does it over the position of mortgagor . In this way, the previous much does it owner will be release from his obligations . Do banks allow someone else to be responsible for paying the mortgage loan? The reality is that this will depend … Read moreChanging the owner of a mortgage loan: How much does it cost?

Mortgage rights and obligations: What is it about?

Mortgage rights and obligations Mortgage rights and obligations are measures that affect both parties to a mortgage loan . It is essential to know them before signing a mortgage , that is why we will tell you exactly what it is about. Both parties have mortgage rights and obligations. In a mortgage loan, as with … Read moreMortgage rights and obligations: What is it about?

Cancel the mortgage: How to do it?

Once the term of your mortgage loan has , or if you are interest in selling the home. You can choose to cancel the mortgage at the Property Registry . This is a step that is not mandatory once twenty years have pass since you appli for the mortgage loan, except in the case of … Read moreCancel the mortgage: How to do it?

Second Chance Law: What debts can you cancel?

The Second Chance Law When we talk about the Second Chance Law we are referring to a legal procedure through which it is possible to cancel debts to individuals in a situation of insolvency . This is a law design so that individuals and self-employ people who do not have the possibility of meeting their … Read moreSecond Chance Law: What debts can you cancel?

Government guarantee of on mortgages for young people and families with minors

Endorsement from the Government of Spain: What is it about? This Government endorsement seeks to provide help to young people under years of age and families with minor children , so that they can access the purchase of their first home . The Government offers a guarantee of up to of the amount of the … Read moreGovernment guarantee of on mortgages for young people and families with minors

New mortgages are going through their worst quarter in three years

Here we will tell you what the situation is with new mortgages. According to data provided by the Bank of Spain, the number are going through of new mortgages stood at , million euros . This implies, without a doubt, a decrease of year-on-year. The outstanding balance has fallen for the eighth consecutive month. Continue … Read moreNew mortgages are going through their worst quarter in three years

Amortize fixed mortgage: When is it most convenient?

When buying a home, the main way to get it is through a mortgage loan. In a fix rate mortgage, the buyer agrees to is it most convenient return a certain amount of money, in a specific period of time, secur with the guarantee of the property he wants to purchase. A mortgage loan usually … Read moreAmortize fixed mortgage: When is it most convenient?

Mortgage guarantee: How does it work?

The guarantor is a figure that can help a user access financing that exceeds on their mortgage loan. However, the reality is does it work that it involves certain risks. When applying for a mortgage loan, in order for the bank to allow us to access financing. We must meet a series of requirements . … Read moreMortgage guarantee: How does it work?

Government or conventional mortgages: Which is the best option?

When you decide to apply for a loan to purchase a home, it is very important to make the right decisions to is the best ensure our long-term financial stability . Here we will tell you what is the best points you should analyze when choosing whether conventional mortgages or Spanish government mortgages are better. … Read moreGovernment or conventional mortgages: Which is the best option?