Banking fees have just arrived… to stay. Cashier service, transfer fees, for not having certain products in the same branch, maintenance … and, soon. Even, as it is being dropped by certain groups, for having a certain amount in an account it seems that the bank will have to be paid as custodian.
And all because of the negative years that the interests carry, something that is damaging the banking business model and that, in the end, ends up also having an impact on the user’s pocket.
One of the most common products within banks are mortgages, a medium-long-price loan that has served for decades to finance the purchase of a home in our country.
Ruled by the Euribor (now in negative numbers), the only way out after the 2007 crisis and the lowering of interest rates by central banks was to increase the variable interest with which they lent money.
However, “currently in the market it is worth taking a look at the offer in terms of mortgage offer since there are options to refinance the current ones that considerably reduce this differential, saving the user thousands of euros in the useful time of the loan ”they explain from Financial Services Management.
Fixed or variable, the doubt of the mortgages of this decade
One of the doubts that have arisen in recent years in view of economic developments and market dictates has been whether to choose fixed or variable mortgages as an option.
According to the experts, despite what it may seem at first, the variable option is usually interesting for the duration of the loan. “It is true that for the more moderate, knowing how much they will have to pay during the mortgage period is a piece of mind, something that serves as an answer to why many people are opting for this type of option. However, thinking about the overall loan, moments like the current ones where the Euribor not only does not add up, but is negative, they compensate for other times in which something rises ”, they comment from Gesttiona.
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