The most requested mortgages on the market
The fixed rate mortgage is one of the most requested methods by those who need a loan to buy or renovate a house or for other needs. Thanks to the level of the European reference rate, which has been close to 0% for years, the demand for fixed-rate loans is now close to 80% of the total. And the questions of this type of mortgages that come to Hypercredit are also the majority.
The fixed interest rate, indicated in percentage, is processed by reference to rate calculated daily by the European Banking Federation, to which the credit institutions look to calculate the fixed interest of the loans granted to customers, which in turn, they will be a little higher than the reference rate, to allow banks a profit margin on the money loaned to borrowers.
Once the bank establishes the percentage of the fixed rate to be applied to the mortgage, the installment calculation will be carried out on it.
Installment amount of a fixed-rate loan
The installment amount of a fixed-rate loan is in fact established on the basis of the sum of the Eurirs and the spread, the mark-up that each bank decides to add as its revenue to the base rate applied. This is why the interest applied to fixed-rate loans varies from bank to bank.
Hypercredit, through its network of consultants and established relationships with the most reliable banks on the national scene, is always able to provide detailed information sheets on the specifics of the various mortgages and to support you, like a trusted friend, all the way up to disbursement of the requested financing.
It is important to note that the fixed rate is higher than the variable rate. This is because the bank that provides the loan with a constant installment over time, inevitably bears the risk that the interest rates on the financial market fluctuate up and down during the entire duration of the amortization plan.