How does it work
Find the mortgage that best suits your needs with Tiko
At Tiko, we collaborate with different companies in the sector so that depending on your particular case, we help you find the best possible conditions. At Tiko, we help you with all the steps of the purchase process
To establish how you are going to repay a mortgage loan , banks take into account several criteria: what job do you have, what is your contract, if you have a certain seniority, what is your salary, if you already had other debts, how old are you, what are your savings...
When a mortgage is granted, you are committing to repay the money that the bank has lent you to buy your house along with interest over several years . Those interests that you are going to pay within the monthly installment can be fixed, that is, you will always pay the same percentage of the purchase price of the home, or variable and that change from time to time depending on the Euribor normally. Depending on your circumstances and the risk you want to assume , you should choose one type of mortgage or another.
There are several banks that can grant 100% of the price of the house or even more to cover other expenses of the purchase. The percentage of credit that they grant you will depend on how likely it is that you can return that money in the corresponding years, according to the entity.