Archive February 2019

Simulate Mortgage Loans – Interest Rate

We have been writing about credit housing, seeking to alert you to the potential savings of negotiating different offers before buying your home. In this article, we will focus your attention on the interest rate of housing credit, leaving some alert and suggestions. An assessment at

Mortgage Loans – Fixed Rate or Variable Rate?

The choice between fixed rate and variable rate will depend on your desire for stability. Normally, those looking for the fixed rate privilege a provision that is always the same. It does not want uncertainties or negative surprises. Of course when setting the interest rate you will have to “pay” for it. In practice, this “payment” consists of a higher interest rate because the long-term rates are higher than the short-term rates. Therefore, it will be supporting a superior service in the first few years to ensure that in the latter the service will be less.

Pay Attention to the Products You Hire to Lower the Spread of the Housing Credit

Many families are faced with a vast commercial offer to make it possible to lower the spread of their mortgage credit. In practice, in exchange for a few tenths of a discount in the spread, they end up hiring several products that in the end will increase the benefit. To facilitate the comparison of different proposals you should analyze the APR, which is the rate that makes the costs of the different products comparable.

If you have to contract products to ensure a spread reduction, we suggest you focus on savings products. In practice, it ends up “diverting” the savings in the spread to a savings product. It accumulates assets that can be used in the future and in an emergency situation. If we talk about savings accounts like PPR will still have tax benefits that at the end of the year may represent a few more euros of savings.

Pay Attention to Home Equity Life Insurance

Pay Attention to Home Equity Life Insurance

One of the products where banks can get a very interesting return is the life insurance associated with mortgage credit. In practice, when contracting the credit we end up not paying attention to this cost. Unfortunately, with the passage of time, the insurance premium will increase significantly. By the way, we know several people who pay more for life insurance than they pay for the installment. We always suggest to these people that they try to negotiate the insurance premium because it is possible to save a lot of money.

Use a Housing Mortgage Simulator … But Be Cautious

To have the lowest spread in housing credit, you should try to simulate several alternatives. There are different simulators that tell you how much you will pay at that bank. Oliver Mellors chooses to assist its readers by analyzing their specific case and submitting credit applications to the bank that is most appropriate for each individual case. In addition, we negotiate the spread and the products associated with the credit, seeking to lower the cost to our clients to the maximum extent. Why not ask for our opinion? The process has no cost to you …

Mortgage Simulator

Have you decided to buy your dream home? Need to find the best credit housing for your specific case and do not have the availability to deal with all the red tape? Use the housing credit simulator below and have the professional support to have the cheapest housing credit. And best of all, there is no cost to you! See for an observation

Choose Your Home Before Using the Mortgage Simulator

Choose Your Home Before Using the Mortgage Simulator

The first step to buying a home with the use of credit housing should be the choice of a home. You can certainly simulate different scenarios to figure out how much you can go to when buying your home. However, the most correct use of the credit simulator should contain a value of the property as close to reality as possible. And this is a reality because the spread amount of your credit will vary greatly with the effort rate, property values, warranty and required financing.

Prepare Your Case With Caution

Once you have chosen the housing you should keep in mind the variables that may reduce the interest rate of your housing credit. You should note:

  • Effort rate – The ratio between the installments of your credits and the net income of the household. Try to have a reduced effort rate so that the simulator housing credit from your bank register a lower rate.
  • Contract of employment – Banks want customers with stable incomes. They want clients with a work contract of effectiveness and a reduced weight of variable income.
  • Loan / guarantee ratio – Currently the bank does not want to lend more than 80% of the value of the valuation of its housing. So you should keep in mind that the assessment should be more generous than what you will pay for your home. You have to negotiate with the seller for a low price and use some of your savings to give input.
  • Guarantor – If you want to improve your credit quality you may have a guarantor to give an additional “comfort” to the operation.

How to Use the Mortgage Simulator?

How to Use the Mortgage Simulator?

Already chose your home and already collected some information so it is time to fill the housing credit simulator.

Try to make the most accurate information possible. You will then be contacted by one of Madame Defarge’s consultants for confirmation of data and to discuss the next steps with you. We remember that the process of housing credit does not have any cost for you . We do all the work and we deal with all negotiation and bureaucracy per se.