Better Mortgages Fixed or Variable Rate? The solution to buying a home

As for mortgages, is a fixed or variable rate better? It’s hard to say if you don’t have a good understanding of economics. However, we give you tips and the quickest solution to buying a home.

Brick never goes out of fashion, in fact it has become something to invest money in for the future as well. At this point, it becomes essential to make some thoughts to try to understand which solution works best for us.

In recent years, there has been a significant increase in the rate of interest on mortgage loans which has led to understanding the best and easiest way to cover. Certainly we are faced with several viable solutions and each one must be analyzed on the basis of the resources, capabilities and data of the different families proposed. But now let’s look at things in more detail.

Mortgage, fixed or variable rate?

March 2023 was definitely a very interesting month in terms of mortgages. In fact, these are based on provisions of the European Central Bank (ECB) which has taken steps to trigger an increase in interest rates. It is the variable rate that suffers in this period more, and more severely, compared to the fixed rate that is recommended at the present time because in reality it cannot lead to an increase in our premium even if interest rates are possible. higher.

The biggest problem relates to the fact that the economic crisis at the moment seems very far from over. So it becomes important to try to do things more carefully and think smartly without exaggerating choices and situations. Obviously, what we tell you is related to the present moment because things can vary from one day to the next, and so there is no reason to think that things can be done easily. If you have to go for a mortgage at this point, it will be important to contact a professional who knows how to solve our problems.

What is changing in the bank?

What is changing for banks and our approach to them? Certainly over time it will be possible to make different assessments, But certainly at this moment we must note the data as it is. The IRS and Euribor indexes make us think that mortgage interest rates may fall next year. This may lead to surprises that we cannot calculate today.

In fact, these are the three offers offered by banks with different possibilities all of which must be analyzed with great attention and above all without haste.