The analysis of home loans is the starting point to find the most suitable plan for your needs. Only by starting from the deepening of different proposals is it possible to find the best long-term alternative.
Fixed rate mortgages: offers not to be missed
Let’s start talking about home loans by analyzing some fixed rate plans, advantageous alternatives first of all because they allow you to take advantage of a constant installment for the duration of the amortization plan.
To understand which are the best offers on the market, let’s take a specific example, assuming the request for a mortgage of $ 100,000, to be repaid with a 15-year amortization plan. The Cream Bank mortgage is one of the most advantageous fixed rate plans! which, taking into account the indications just provided, would provide for the application of a monthly installment of $ 510.63, with fixed TAN and APR equal to 2.10 and 2.27%.
Low interest rate mortgages: this is how Social Institute mortgage plans work
Discussing home loans also means considering Social Institute ex Government Agency mortgage plans, economic services reserved for members of the Unified Management of credit and social benefits. These plans allow you to request up to $ 300,000, which can be integrated with an additional $ 6,000 for the purchase of the first home.
In this case, the borrower can choose between a fixed rate of 2.95% and a variable rate corresponding to the 6-month payment period, increased by 200 basis points and calculated over a period of 360 days. The mortgages in question can be elusively requested electronically from 1 to 10 January, from 1 to 10 May and from 1 to 10 September of each year.
The best variable rate mortgages
At this point we can also analyze some variable rate home loans. To understand how everything works also in this case let’s take an example, always assuming the request for $ 100,000 and the choice of an amortization plan lasting 15 years.
Among the best plans on the market for those who request a mortgage with these parameters, it is possible to include the good credit loan, characterized by the application of a monthly installment of $ 448.26, with an APR equal to 1.04% and a calculated variable rate based on the 3-month payment period plus a spread of 0.99%.
This plan provides for the appraisal and appraisal costs of $ 280 and $ 1,200 respectively.
Variable rate mortgages: other advantageous plans
Among the advantageous variable rate home loans, it is also possible to remember the Hello Bank variable rate plan which, taking into account the parameters specified above, provides for the application of a monthly installment of $ 458.02.
The APR corresponds to 1.08% and the variable rate is calculated on the basis of the 1-month payment period plus a spread of 1.30%.