Buying a house means taking a very important step, but to be carefully considered. Wondering which mortgage should be made is in fact fundamental if you are aiming to save money during the amortization plan.
Which mortgage pays off today: let’s clarify
There are many people who wonder which mortgage should be made. The data of the CRIF barometer are clear: the banks have started to grant access to real estate credit again, even if the pre-crisis levels are far away.
In general, it can be said that, considering also the favorable policy of the Cream bank, the fixed rate is an excellent choice. The values in this regard have been at their lowest for some time. To be considered in addition to this aspect is also the undeniable advantage of the certainty of the installment.
What is the best mortgage?
Given this necessary fundamental premise for those who want to understand which mortgage should be made, we can go into detail on the most convenient plans, remembering that the best mortgage can be found only in this way, that is, by deepening the offers based on the needs of the individual customer.
We therefore assume the request for a mortgage of $ 150,000 made by an employee who has a net salary of $ 2,200 per month. The purpose of the mortgage, characterized by a duration of 20 years, is the purchase of the first home.
Among the most interesting fixed rate offers it is possible to describe that of Across Lender, which offers the mortgage. Taking into account the parameters specified above, there would be a monthly payment of $ 734.21, with TAN and APR equal to 1.65 and 1.83% respectively. The investigation and appraisal costs provided for by this loan correspond to $ 600 and $ 320 respectively.
Fixed rate mortgages: here are other convenient solutions
Anyone wondering which mortgage is worth making should consider as many plans as possible. Starting from the data specified above, it is also possible to detail other solutions, such as the Fine Bank mortgage.
In this case, the customer would pay a monthly installment of $ 744.70, with fixed TAN and APR corresponding to 1.80 and 1.91% respectively. The mortgage in question provides for an investigation fee of $ 600 and no expert fees.
The best variable rate mortgages: information on the offers
Which mortgage should I make? Answering this question also means considering variable rate products. To do this we always start from the $ 150,000 mortgage required for the purchase of the first home by a thirty-five year old employee who earns $ 2,200 per month.
Among the most interesting offers for this client, the mortgage of Good Lender can be considered, which would provide for a monthly installment of $ 688.97, with a rate corresponding to 0.99% calculated on the basis of the 3-month installments plus a spread of the ‘1.30%.
The investigation and appraisal costs for this loan are $ 750 and $ 275 respectively. Also worthy of mention is the Fine Bank offer, which would include an installment of $ 693.19 per month.