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100% mortgage
From Euribor + 0,80%
Interest rate
100% of purchase
Value
30 years
Duration
Life and home insurance. Salary account.
Requirements
Intermediated mortgage financing by FINANCIALPAR S.L.U., with head offices in Barcelona and registered in the Register of Credit Intermediaries under no. 72 of the Banco de España (Bank of Spain). Team qualified under the Property Credit Law (LCCI, for its Spanish acronym). Consult conditions, requirements, rebates and commitments. External expenses may be incurred, such as appraisal fees.
Intermediated mortgage financing by FINANCIALPAR S.L.U., with head offices in Barcelona and registered in the Register of Credit Intermediaries under no. 72 of the Banco de España (Bank of Spain). Team qualified under the Property Credit Law (LCCI, for its Spanish acronym). Consult conditions, requirements, rebates and commitments. External expenses may be incurred, such as appraisal fees.
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What is a 100% mortgage?
Within the banking market, the term 100% mortgage is a common way of referring to mortgages that offer their customers the opportunity to finance 100% of the estimate of the home they are looking to buy.
Therefore, a 100% mortgage means that the customer does not have to make a down payment to finance the purchase (except for expenses in some cases), allowing them to buy the property with no prior savings. This is the main difference compared to conventional mortgages, since these require the customer to contribute between 20% and 25% of the home’s value.
Here at RN Tu solución hipotecaria we offer you this mortgage model once the prior study has been conducted regarding the customer’s ability to make the payments. Given that it is a mortgage that requires no prior savings, there is no way to determine their ability to pay beforehand.
NIR, APR, differential, fixed, variable? We explain it all in your language
Advantages of a 100% mortgage
If you are thinking about applying for a 100% mortgage, first you need to analyse its advantages. Since no prior savings are required, you’ll have to pay off 100% of the property’s cost. Despite this, there are many advantages:
“RN Tu solución hipotecaria’s” variable mortgage:
Easier to access credit, given that no prior savings are needed
For first-time buyers
Agility in securing the mortgage
Payroll direct debit
life and home insurance
What is the cheapest 100% mortgage?
This is not a very accurate concept, since there is no answer that fits all cases. It depends on whether the potential customer fulfils various requirements. Thanks to our vast experience in the mortgage industry, our aim is to offer you the best possible 100% mortgage for your customer profile, and we always advise you with your best interests in mind. This is so that, in your specific case, you can indeed get the cheapest possible mortgage.
When can we say that a mortgage is cheap?
The best answer we can give you is a little obvious, but it makes complete sense. The ‘cheapest’ 100% mortgage for you is one which has a monthly payment that you can handle. The way to know this is, ideally, when your debt-to-monthly income ratio does not exceed 30%, with 35% being the maximum recommended value. The good thing about a fixed mortgage is that it allows you to estimate this aspect more accurately for the whole duration of the loan.
What should you keep in mind when securing a cheap 100% mortgage?
Before getting a 100% mortgage, you must analyse whether you’re able to deal with higher monthly expenses. The immediacy of a 100% mortgage offers a lot of ease, but it is a good idea to carefully analyse all the conditions and links in detail. Here at RN Tu solución hipotecaria, we will analyse the 100% mortgage with and for you, down to the smallest detail.
How do you get the best mortgage?
By knowing the mortgage market inside out, since there is an abundance of ever-changing offers. Having a good grasp of this allows us to find the best product for each profile. Not only this, being capable of doing so in an agile and transparent way has also proven to be key.
100% mortgage with and without a guarantee
100% mortgage with and without a guarantee
The term ‘guarantee’ here means the entity, whether material or immaterial, that will answer for the person being endorsed in the event of missed payments. An example of a guarantee could be a payslip or other property that would be compromised if the borrower were not to pay. If no guarantee exists, the responsibility falls solely on the main borrower.
You must keep in mind that there are two types of mortgages: 100% mortgages with a guarantee and 100% mortgages without a guarantee. In the first case, the guarantee would answer for missed payments towards the debt. In the second, on the other hand, no guarantee exists.
Apply for your 100% mortgage
Apply for your 100% mortgage
To apply for a 100% mortgage, you can already do so quickly and smoothly through RN Tu solución hipotecaria, since once we receive your request for information, a member of our team will get in touch with you. To save you time and effort and to get the best financial deal, we highly recommend that you get in touch with us via any of the means available.
Here at RN Tu solución hipotecaria our job is to act as an intermediary between the bank and the customer, so that the latter can get a 100% mortgage that will allow them to purchase a home with a payment plan they can handle.
Do you want a 100% mortgage? Contact us.
The future 100% mortgage in 2023
The future 100% mortgage in 2023
Thanks to our extensive knowledge of the mortgage market, we are able to remain at the forefront and constantly improve. 100% mortgages in 2023 are set to evolve as a highly demanded product which has an interest rate that is likely to rise. 2023 will (once more) be a year of great challenges ahead, which will also most likely affect 100% mortgages and their interest rates. However, there will always be interesting options on the market, just like the ones we’ve always been able to offer our customers. Since starting out in the industry in 1999, we’ve gone through tough times, but we’ve always powered through.
Your loyalty and trust is what allows us to remain in a privileged position in the 100% mortgage market. May 2023 be the year for RN Tu solución hipotecaria to strengthen its position in the online market and progress in terms of customer management and support, providing proactive guidance to help you in all your needs.
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