When we seek out a mortgage that best meets the conditions regarding interest rate to apply and help us carry this burden for the duration of the mortgage, and this can be found with the People’s Bank Savings Mortgage .

The conditions presented by this Security Savings Banco Popular are:

* To start the Mortgage Savings offered to those customers who employ an interest rate of Euribor plus a spread of 0.5% during the first six months and then will become of Euribor plus 0.70%, although this differential may be reduced for the entire duration of the mortgage in terms of the products we have contracted with Banco Popular.

* Mortgage Saving the may contract to a term of 35 years and can finance up to 80% of the appraised value of the property or the sale value of it.

* To help pay the mortgage if we have difficulties in paying the same, we can postpone until 2 installments per year to a maximum of 10 monthly payments throughout the term of the mortgage.

* Mortgage Savings also has 24-month grace period during which we will cover payment only of interest if they wish.

* Also, if you want you can leave 30% of the outstanding principal until the end, making the monthly mortgage will be reduced each month.

* The origination fee is 0.75%.

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