Which bank gives the best mortgage?
The best mortgage is the one in which the bank can finance you as much as possible of the price of the house to be returned in the longest possible time frame and with the minimum interest , whether it is a fixed rate or a variable rate.
For example, a bank that grants you 100% of the financing with a fixed rate of less than 1.5% or a variable rate lower than Euribor plus 0.9% would be considered good conditions for most.
We must also consider the cancellation conditions, in case at any time we want to change banks or sell the house. And it never hurts to know if they have a good customer service, since it will facilitate any future procedure.
What to look for when taking out a mortgage
The most important thing to look at when taking out a mortgage is the interest rate , since this will determine the final cost of what you are going to pay . As we have said, this can be fixed or variable.
On the other hand, most banks will ask you to contract other products in addition to the mortgage to lower the interest. For example, they may ask you to take out life and home insurance or direct deposit your payroll. If these products fit you, it may be a good idea to lower the fee.
Also take into account the commissions, such as the cancellation fee that we have already mentioned, or the opening fee, subrogation… normally they can be negotiated.
Best mortgages 2022
If you want to find the best mortgages for 2022, at Tiko we recommend that you use this mortgage simulator that will help you find the bank that can offer you the best conditions according to your circumstances.