When is a fixed-rate mortgage advisable?

Published on November 12th 2018

It depends on the term, the level of income and the risk capacity that you wish to assume.

Although there are no absolute truths, experts say that the fixed-rate loan is especially recommended for those who can or prefer to sign a term of no more than 20 years, believe that their income will not change over time and do not want to assume the risk of a relevant rise in interest rates.

For this more conservative profile, another interesting option is the mixed-type mortgage. This mode allows home buyers to adjust the loan to their financial needs. These mortgages have a period at a fixed rate and another at a variable interest rate.

Mixed loans pay a stable fee during the first years of the mortgage, while for the rest of the life of the loans the monthly letter goes on to depend on the variations of the Euribor.

Source: www.expansion.com

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