The mortgage is a loan with which almost certainly anyone, sooner or later, finds himself dealing. If you have to sign one, this is the ideal time to do it; if you have one in progress, to renegotiate it. Like? Find the cheapest mortgage thanks to a good online comparison of mortgages and the various offers of banks and lenders. Let’s see how and why.
Now is the right time to find the cheapest mortgage
Mortgage rates are at record lows, so if you are thinking of buying a home with a mortgage, this is the ideal time.
These record rates are also suitable for those who already have a mortgage in progress : doing a subrogation could now save you tens of thousands of dollars. In fact, in recent months requests for renegotiation or subrogation of the mortgage have literally exploded.
Why right now? The interventions on the economy of the various countries has led to a cut in interest rates making it extremely convenient, during this period, to renegotiate one’s mortgage.
What percentages are we talking about? Both the Fixed and Variable rates have fallen below 1%.
In the first case, built on the parameter, it is possible to find deals with 20-year durations at 0.60% (APR 0.80% if we include the costs).
As regards the Variable rate, offers with minimum peaks of 0.22% (APR 0.50%).
How the mortgage substitute works and why it pays
As we have said, it is above all with regard to subrogations that convenience is seen: even those who have started a loan at already favorable prices, or have already made a first subrogation recently, can find a cheaper mortgage.
Before proceeding with a subrogation, it is always possible to request from your bank a renegotiation of the mortgage, to adapt it to the most advantageous market conditions.
But, for the uninitiated, let’s briefly explain what the surrogate is and how it works.
It is a procedure to transfer your mortgage from one bank to another and therefore take advantage of the best conditions available. So if you find a cheaper mortgage, with lower rates, you are free to transfer it to another institution, (even more than once) without additional costs, not even the notary fees.
As for the mute in general, it is good to remember that it generally covers up to 80% of the property’s value. As for the installment, it must not exceed 35% of the monthly net income.
Find the cheapest mortgage online
Online you can find a wide variety of mortgage deals. But how to find the cheapest mortgage? To orient yourself in this complex sector, a comparator like Lite lender is useful: it helps you find the most suitable mortgage among the many offered on the market.
How does it work?
Nothing could be easier ! Start the chat : we will ask you some questions to understand what you need and what is right for you. We will make you a personalized calculation and in a few minutes you will know if the mortgage is feasible and the installment to be paid: select the one that interests you most… and you’re done!
Find the cheapest loan, whether it’s the first and the subrogation of the one already in progress… a considerable long-term savings that will not fail to make its effects felt on your budget!
Why is it necessary to compare mortgages?
Using a mortgage comparison service such as that offered by Lite lender, allows you to find the most advantageous solution on the market. Go without fail, and choose the best offer available for you!
Find the most convenient mortgage, choose immediately the installment that suits you: by comparing the mortgages and the various installments you can know in advance how much you will spend, and decide the installment based on your monthly economic availability.
Lite lender is free, try it now and find the cheapest mortgage!