Although most clients usually choose between a fixed and a variable mortgage, there is a third category that arises from the combination of the previous two, and that could be interesting. We are talking about mixed mortgages, an attractive product for those who, on the one hand, want a stable installment for the first ten or twenty years at a lower price than fixed-rate mortgage loans and who, on the other, have in mind, On the other hand, amortize the capital before time to finish paying in fewer years. If we find the profile, then we will analyze the three attractive mixed-rate offers to finance the purchase of a house this month.
The greatest advantage of Vive Mixta Mortgage is that the conditions can be adapted to the preferences and financial profile of each client. On the one hand, it allows you to choose the initial term, which can be from three to twenty years with an indicative interest rate of 2.39%. Afterward, the interest rate would be Euribor plus 0.89%.
On the other hand, this mortgage, which finances up to 80% of the value of the home (or more if the energy certificate is A or B), does not require any connection and does not apply commissions. As a result, it will not be necessary to contract any additional product and in the case of wanting to repay capital ahead of time, we will not have to pay any extra cost for it.
Openbank Open Mixed Mortgage: a variable interest of E + 0%
If we contract Openbank’s Open Mixed Mortgage, the interest rate will start at 1.45% during the first ten years depending on the amortization period and Euribor plus 0% regardless of the term chosen, which is up to 30 years. Of course, to get these prices it is necessary to domicile a monthly income of at least 900 euros per owner and take out home insurance with the bank.
Regarding the commissions of the Openbank mortgage loan, which finances up to 80%, this entity applies a penalty of 2% for total amortization during the first 10 years. On the other hand, the partial advance of the pending capital will be free at any time.
Mixed Orange Mortgage: a term of up to 40 years
If what interests us is a more comfortable installment, the Orange Mixed PHH Mortgage could interest us because we can return the money in a period of up to 40 years. The interest rate applied by ING is 1.45% for the first 10 years and Euribor plus 0.99% thereafter.
This mortgage loan finances up to 80% of the price of the house and has no commissions. However, to get the subsidized interest rate, it is essential to be associated with the orange bank. Specifically, we will have to domicile a payroll of at least 600 euros and take out home and life insurance with the entity.
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