One of the concerns of all those who have a variable rate mortgage, they will arrive on time to review the mortgage, whether to pay more or if instead they will drop the fee paid so far come .

To begin we must say that the review of the mortgage that makes our financial institution depends on the month in which touch review, a month that will always be the same until the end, as the Euribor varies from one month to another but from a few months ago it is almost unchanged.

Another aspect to consider is whether our mortgage is reviewed every six months or whether it has an annual basis, an aspect that is required under the terms that were agreed to sign the mortgage notary. If the review is every six months we will be more exposed to fluctuations in interest rates and therefore the Euribor, which is why perhaps more apt for an annual review it will be more stable.

Another factor we must take into account when producing the review of the mortgage loan if our figure or not the so-called ground clause, a clause stipulated by the majority of entities that apply between 1.75% and 2 , 25% minimum. This is very important because if any more have the euribor and currently at levels of 1.24%, we are not able to benefit from the fall in the Euribor, since our bank will apply the interest rate set in the ground and also clause will apply differential we have.

Also important is the differential that is addiction to Euribor, the differential will be reduced or increased by the relationship we have with the entity, that is, if we hire a pension plan, life insurance …. lower differential and therefore we pay less fee for each revision of the mortgage.

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