The rise in prices in the market rent has caused that in recent years the sale of homes. The issue is equally complex at the economic level, and especially at first when high amounts of starting are requested, but for many Mortgages They are long -term safer options than not being depending on Contracts of rent in a constantly changing market.
In addition, banks offer more and more alternatives between fixed and variable products. Many opt for the first option, to have the mental peace of mind that for years they will have a cost but that this will be invariable, while others have opted for variable mortgages because they usually have lower monthly installments.
Whatever the case, what is undeniable is that their owners have, more or less often, the doubt about whether it would be worth amortizing some money or not and what is the best option. To solve doubts and help the undecided, the financial consultant María Sánchez, that has the account of Tiktok @maria.finanzas.con.almaa successful video made a few weeks ago about it in which he speaks of «the three best strategies“To” take your mortgage as soon as possible. “
Strategies to take away the mortgage as soon as possible
«I assure you that the last It will fall in love», Says María. To make it more entertaining, the expert sets the example of a mortgage of 250,000 euros to 30 years at 3% fixed interest, a case that can fit that occurs in large cities right now. “You see that this would be 129,000 euros in interest, so you decide to start looking options” to end the mortgage “as soon as possible,” he remarks.
First, María exposes the possible partial amortization of time, with which “we advance money to the bank and every time we do it we reduce the number of quotas.” Thus, advancing, for example, 5,000 euros per year during the first five years «We would save ourselves 27,791 euros and 4 years of mortgage, ”she says.
In addition, Maria puts a partial amounts of quota on the table, which allows “reduce the amount of the monthly fee ». In this case, doing the same, contributing 5,000 annually, “you would save 11,5122 euros and no year.”
His third option is the “intelligent shortening of the mortgage” with a “parallel savings to which you would dedicate 200 euros every month.” With this formula, “you would save 44,931 euros and pay your mortgage in 18 years” instead of the 30 agreed. “What cool?” She ends the video not without remembering that the best is Analyze case by case.
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