The best fixed mortgages for May 2024, according to experts
He euriborthe main mortgage benchmark index, has fallen slightly in April up to 3.703%. These data represent the first drop in the monthly payments of those clients who have taken out a mortgage with an annual review since the end of 2021. But, what about those people who want to acquire a mortgage loan now to buy a house?
What are the best options currently? “Banks continue to bet on fixed mortgages,” the iAhorro experts detail in this regard. And what will happen in the coming months? Pending the decision of the European Central Bank (ECB) next June on whether to raise or maintain official interest rates, the situation could change.
On the one hand, if the ECB lowers rates, “we could begin to see more drops in the average monthly Euribor data and also some that another rate drop in banks’ commercial offers on mortgages”emphasizes Simone Colombelli, Mortgage Director of the mortgage comparator and advisor iAhorro.
The most recommended mortgage loans
Currently, banks are improving the conditions of their fixed-rate mortgage loans and there are entities that have their mortgages with the TIN below 2.9%. iAhorro experts highlight the fixed mortgage from Sabadell, with a TIN of 2.60% and APR at 3.76%
“With a mortgage of 200,000 euros for 30 years, the monthly payment that we would have to assume would be about 800 euros,” they detail. But, what are the links? To acquire this financial product, it will be necessary to domiciliate your payroll or pension, as well as take out three insurance policies.
Another notable option is the EVO fixed mortgage. The TIN is 2.9%, so following the previous example, the monthly payment would be 832 euros. Regarding the conditions, direct debit of the payroll, unemployment benefit or pension will be necessary if the amount is greater than 600 euros. Also the contracting of two insurances.
In addition, Abanca’s fixed mortgage It is also another recommended option. The TIN is 2.90% and the APR is 4.8%. “If we sign a mortgage of 200,000 euros for 30 years, we will end up paying a fee of about 832 euros,” the experts indicate.
