We process your Free Fixed Mortgage if you buy with us
We want the purchase of your new home to be an easy and stress-free experience and that is why we want to make it easy for you.
If you need financing for the purchase of your home, we take care of everything for your peace of mind. Save time and money with our comprehensive service.
While a real estate advisor will manage all the details of the purchase of your new home, our financial advisor will negotiate with each bank on your behalf to ensure you the best market conditions and a mortgage that suits your needs.
Get your fixed mortgage in Malaga and always pay the same.
Steps to get a Fixed Mortgage
We explain the steps of our method to get you the best fixed mortgage in Malaga:
- Financial advice: We prepare your profile to indicate the requirements and conditions of the mortgage.
- Submit the mortgage: We present your mortgage in different banking entities in your name according to your needs.
- Negotiation of conditions: Once we have a response from all the banks, we negotiate directly with each one to lower the interest rate and ensure the best conditions.
- Choose your mortgage: All bank offers will be presented and explained to you so that you can choose the mortgage you want.
- Appraisal: we manage and accompany the appraiser
- Accompaniment to notary: On the day of signing before a notary, you will be accompanied by your personal advisor as throughout the process.
FREE FINANCIAL ADVICE
Fixed mortgage in Malaga: conditions and characteristics
More and more people are asking us about fixed mortgages. Many clients are afraid that the fee will rise too much and that they will not be able to face it if they have a variable mortgage.
20 years ago, fixed mortgages represented a very low percentage of all the mortgages signed annually in Spain. But in recent years with interest rates so low and the banks' commitment to this product has led to a proliferation of fixed mortgages.
Today all banks have both a fixed mortgage and a variable mortgage to offer their clients, and it will ultimately depend on their profile and choice if they choose one or the other.
What is a Fixed Mortgage?
The main characteristic of a fixed mortgage is that the mortgage payment does not change throughout the duration of the loan, as it is not subject to variations in the Euribor.
The client will know in advance what the fixed mortgage payment will be for the entire duration, thus avoiding surprises in the future.
Fixed mortgage in Malaga: conditions to take into account
Before requesting a fixed mortgage in Malaga you will have to investigate beforehand if it is what is best for you.
Although knowing in advance what you are going to pay for the entire life of the mortgage provides a lot of peace of mind and confidence, you should look at all the conditions of the mortgage to know if you are interested.
What do I have to take into account to contract a fixed mortgage?
There are several special conditions of mortgages that you will have to take into account before deciding on one.
- Term: Some entities such as ING reduce the maximum term of their fixed mortgage to 25 years while variable mortgages can reach up to 40 years. If you want a longer term mortgage to lower the monthly payment, you will have to decide if you prefer a 25-year fixed mortgage or a variable mortgage with a longer term.
- Type of interest: As a general rule, a fixed mortgage is more expensive than a variable mortgage. Currently, variable mortgages have an interest rate of around 1%, while fixed mortgages range between 1 and 2%.
- Bank links: The links are banking products that the entity lets you contract to lower the interest on the mortgage. The main links are domiciliation of payroll and life and home insurance, although there are other less common ones such as non-payment insurance, debit and credit cards and pension plans.
- Fees and expenses: Each bank has particular conditions and you have to choose a bank that does not charge you unnecessary and avoidable commissions. It is important that you make sure that you have the mortgage with an entity that does not have high expenses and commissions that make the mortgage more expensive.
How to get the best fixed mortgage?
At Valoracasa Real Estate we want to help you get the best fixed mortgage in Malaga.
That is why we put at your disposal our Mortgage Department to advise you and process your mortgage.
We process the free mortgage if you buy with us.
Request your free advice and find out your real possibilities of getting a fixed mortgage in Malaga.
Contact
