Loans And Mortgages Information

Best fixed rate or variable? Best “safety” of fixed-rate or the risk / opportunities of the variable? If you are in first class, will certainly interest the topic of today: mortgage banking.

That loan was awarded in the first edition of the award “Transparency Mutual House” organized by the magazine Mortgage Guide in collaboration with the Association of Consumer Adiconsum. It was indeed the best fixed rate mortgage offered on the domestic market during the period 2006-2007.

A loan is open to all, fixed-term workers and foreign nationals.

It is available in six versions, in addition to a loan tranche decreasing, and can fund up to 100% of the value of the property. The rate of Mutual BancoPosta is determined when the agreement and is connected to the parameter IRS (interest rate for interbank loans in the long term).

What are the requirements to apply for Mutual Bancoposta?

• Proof of identity
• Tax
• Certificate of residence
• Certificate of family status
• Certificate of registration (only for self-employed)
• Updated extract of the marriage (with the remark in property)

Documents of income:

• Copy the last two pay slips or last two slips of pension
• Copy of Mod 101/201/CUD or 730/Unico

Documents sign:

• A copy of the origin of the
• Copy of the preliminary purchase (compromise)
• A copy of the certificate of habitability (licensed employment)
• Floor plan

How do you determine the rate of the loan?

To determine the rate you should consider the ‘amount of the loan and the annual interest rate. The amount of monthly payments decreases with increasing duration of years required to settle the debt. On the other hand, the total amount of interest increases with increasing duration of years required to settle the debt.

The installment that you will choose to pay each month depends on not only by their ability to pay, the interest rate and the number of years for which you are willing to pay.

The installment is certainly, together with the spread, one of the elements on which we focus when you are choosing a mortgage. Other factors to be considered and absolutely not to be neglected are the insurance costs, costs of administration and also the cost of collecting installment.

The rate can have a fixed rate or a variable. In the case of fixed-rate the amount of the installment is constant. You always pay the same amount from the contract to extinction of the debt.

The trend of variable rate depends on the variation of the parameter Euribor, which in light of the market may be cheaper but also more expensive, certainly more risky.