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The appraisal is lower than the purchase price: How much should I save to buy a house in this case?

How much should I have saved when applying for a mortgage? The majority of Spaniards looking to buy a home must resort to a mortgage to finance it. When approving or not approving a mortgage. Banks will carry out an official appraisal . In this way, they will know the value of the home we … Read moreThe appraisal is lower than the purchase price: How much should I save to buy a house in this case?

Is it possible to deduct the mortgage in the Income Tax return?

The deduction for purchasing a habitual residence has disappear approximately a decade ago. However, there are still a large number of taxpayers who deduct of the amounts they pay for the mortgage loan each year. The limit is euros per year. The Income Campaign is close to coming to an end, however, there are still … Read moreIs it possible to deduct the mortgage in the Income Tax return?

How are appraisal and mortgage related?

What is an appraisal? When we talk about appraisal we refer to the process by. Which the valuation of an asset or and mortgage related property is defin. This evaluation must be carried out by an expert in the area , the objective is to establish. An objective and precise opinion of the value of … Read moreHow are appraisal and mortgage related?

The most relevant changes of the New Mortgage Law

The New Mortgage Law The financial crisis brought to light the for legislation to regulate the financial sector . With the aim of avoiding a situation like that of , the Mortgage Law appear in Spain, which was. Approv in It is a law that chang and eliminat risky products, with the aim of protecting … Read moreThe most relevant changes of the New Mortgage Law

Improve mortgage: the importance of comparing mortgages

When applying for a mortgage loan, it is essential to make a mortgage comparison to improve the mortgage. To do so, it is necessary to take into account some points that we will explain below. What should I take into account when comparing mortgages? When comparing mortgages, you to keep the following points in mind: … Read moreImprove mortgage: the importance of comparing mortgages

Mortgage cancellation expenses: Who pays them?

When we talk about canceling a mortgage, we are referring to a that we can do for different reasons. This may be either because we are in leaving our home completely free of charges, or because we want to sell the home. In order for the completion of the payment of a home loan to … Read moreMortgage cancellation expenses: Who pays them?

Buying a home with a mortgage is becoming more and more expensive

What happens to the costs of buying a home with a mortgage? The expenses involved in purchasing a home with a mortgage, leaving out those that the bank takes care of, have significantly since May The increase in housing prices and the fact that banks do not finance more than of the value, in addition … Read moreBuying a home with a mortgage is becoming more and more expensive

The Euribor rises: more than in daily rate after the last rate increase

What is the Euribor? The Euribor is the reference index most in Spain to link variable mortgages. The Euribor will more than in only affect you if you are going to take out a mortgage at a variable or mixed rate in the variable part of it. It is in no way link to fix … Read moreThe Euribor rises: more than in daily rate after the last rate increase

Green mortgages are still not so popular: Why is this?

What are green mortgages? When we talk about green mortgages we are referring to specific loans for the purchase and construction of efficient homes. Also, they can be requested to rehabilitate homes in order to reduce their energy demand. The objective of green mortgages is to encourage the purchase of homes with a good energy … Read moreGreen mortgages are still not so popular: Why is this?

Apply for a reverse mortgage or sell the bare property: What is more convenient?

The reality is that there is no certain answer to this question . This is because it will depend on the specific mortgage or sell situation of each person. However, we will tell you what the points are against and in favor. Of each operation so that you can make the best decision. What is … Read moreApply for a reverse mortgage or sell the bare property: What is more convenient?

The contracting of mortgage loans decreases

Without a doubt, the rise in interest rates has convuls the mortgage market. For several months, while the price of money approaches. The signing of new mortgage loans has slow down. This implies an increase in the cost of mortgage offers and, at the same time. Banks are exercising extreme caution when granting new financing. … Read moreThe contracting of mortgage loans decreases

Mortgage early maturity clause: What is it about?

On June, mortgage regulations were modifi with the entry into force of the Real Estate Credit Contracts Law (LCCI). This generat changes in the mortgage loans that were sign after that date. To provide greater security to banking entities, in case the debtor does not pay one or more mortgage payments . This law allows … Read moreMortgage early maturity clause: What is it about?

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