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The best mortgages of September 2013

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Variable interest rates to Financial Standing plus 2, and up to 4 points is a non-advisable danger for any customer who cannot bear the fee that will result from applying a 7, 8 or even 9% interest, when the Financial Standing touches maximums (which will undoubtedly do so, within a few years, when the economic crisis reverses). This is what many call bomb mortgages , which will explode in the future if they continue to be granted under these conditions.

Best mortgage on the market

Best mortgage on the market

The best mortgage on the market, right now, is offered by Good Finance , a mortgage broker that complies with Act 2/2009 and other regulations in this regard (very important before hiring the services of a mortgage broker). You can contract this cheaper mortgage through Futur Finances, at no additional cost. Your current conditions are:

  • Financial Standing + 1.50 to Financial Standing + 1.75%.
  • They finance a maximum of 80% of the purchase value (you have to have saved more than 30% of the value of the house you want to buy).
  • Term up to 25 years.

If we want to go directly to a financial institution, without taking advantage of the services of a mortgage broker, the next best mortgage is that of Secured Bank. 

  • Financial Standing + 2.25 to Financial Standing + 2.50.
  • Maximum 80% of the purchase value.
  • Term of up to 40 years.
  • 3% floor clause. It is important that we always read the FIPRE, to find the fine print.

The next, well known, is the Good Lender Mortgage:

cash

  • Financial Standing + 2.29.
  • 80% of the appraisal value.
  • Up to 40 years.
  • No commissions.

The Openbank Open Mortgage continues with:

money

Financial Standing + 2.50.
Maximum 70% of the purchase value.
Term of up to 30 years.

Free Insurance Bonus Mortgage:

  • Financial Standing + 2.50 to Financial Standing + 3.50.
  • 80% of the purchase value.
  • Up to 40 years.
  • Coc soil clause of 4%.

In short, we started the month with demanding and expensive mortgages , more of the same, for now.

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