At first glance, this type of mortgage offers advantageous conditions for holding the can not pay any fee during the first months. But nobody gives “hard two pesetas”, and this exemption period is indeed very short, six months and two years. The same happens with interest rates as in the initial period are very competitive, around 4%, before moving on to 5 or 5.5% for the remainder of the period, the majority in the life of the mortgage . (more…)
These loans allow the holder to purchase a second home without having to sell the first
100% financing
The increase in the family, a move due to labor… are some situations that encourage many families to seek new home, almost always larger and more expensive than it already has registered the property. But most of those in this situation do not want to sell your previous home abruptly, or a lower price than the real estate market dictates. To meet the needs of this clientele, increasingly numerous, banks and thrifts have opted in recent years by the change in housing loans, a mortgage type that offers its owners the opportunity to acquire second home while still not sold the first. (more…)