The amount of existing offers on the financial market, produce, many times, in the consumer, doubts about which is the best mortgage offer that exists. So we are going to give a series of orientative criteria so that you make the best choice. Look at the APR of the mortgage. At first glance they can offer us a mortgage with a nominal interest rate of 3.5% and another with a nominal interest rate of 4%. It is this assumption we could understand that the first option is the best (it has a more convenient interest and is that we will have to choose).
Beware the nominal interest rate of the mortgage isn’t the best indicator to substantiate our option, it is more convenient to go to the Apr. This is so because the nominal interest rate does not collect a series of expenses that can take a high level. Both the nominal interest rate and a series of bank charges are included in the APR: fee, of study, early termination, so this annual rate of equivalence is much better an indicator. Despite this, it is worth remembering that there are other series of expenses; taxes, notary and property registry that fall outside of the TAE and to those who will have to cope also 2. Distinguish the temporary type of fee. The quotas are the amounts that have to go pay to return the borrowed capital and generated interests. Most of the times that fee is a monthly, however there are times in that can negotiate higher temporary deadlines: the quarter or semester.
If your income is fixed monthly payment agree him, no doubt. Now if their incomes are discontinuous, you have periods in which enters more and others that those are minor, you might be interested in one longer time period. Here the trick is to make good financial planning, in a way that their income times coincide with the payment of the mortgage loan.