Contact
Variable rate
From Euribor + 0,50%
Interest rate
Up to 90% of purchase
Value
40 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 variable mortgage?
Variable mortgages are a model in which the interest rate depends on a reference index. The main reference index is Euribor, however, there are many others such as the IRPH, the Construction Price Index, etc.
A variable mortgage has an interest rate that is made up of a fixed percentage (the differential) and another variable (the reference index). This composition causes the mortgage payments, as the name suggests, to vary throughout the loan.
It is normal if you’re not familiar with all these terms. That’s precisely why here at RN Tu solución hipotecaria we assign you a mortgage expert who will help you choose the best mortgage in your case.
NIR, APR, differential, fixed, variable? We explain it all in your language
Advantages of a variable mortgage
The main advantage of a variable mortgage is that the interest rate is lower at the beginning of the loan than in fixed mortgages. Here at RN Tu solución hipotecaria we help you choose the best option.
“RN Tu solución hipotecaria’s” variable mortgage:
Possibility of getting a lower interest rate
Typically longer repayment period
Lower commissions
Payroll direct debit
life and home insurance
What is the cheapest variable 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 variable 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’ variable 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 mortgage?
Beyond an attractive differential, you must also pay attention to the fine print associated with this differential. Here, rebates generated through links with the bank come into play, as well as any loan commissions. Here at RN Tu solución hipotecaria, we have in-depth subject knowledge to guide you through that fine print.
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.
The best variable mortgage for your situation
The best variable mortgage for your situation
As a rule of thumb, variable mortgages are the most common type in Spain. Banks are constantly making offers, and Euribor tends to be the reference index. In other words, if when signing the mortgage Euribor goes up, the loan payment increases, while if it goes down, the opposite occurs.
This means that the variable mortgage depends on how the financial market evolves.
However, there are some variable mortgages that may depend on the CPI. This means that it doesn’t go up or down; it remains constant. However, the frequency of these variable mortgages is much lower than the conventional ones.
Here at RN Tu solución hipotecaria, we want to avoid confusing our customers by stating categorically that we offer the best variable mortgage in terms of interest rate, since this data varies depending on each case, what is on offer, and the period of time. What we can say is that we are committed to the truth and the transparency of information we offer, as well as to always working with our customers’ best interests in mind.
Our variable mortgage in 2022
Our variable mortgage in 2022
Variable mortgages have undergone an increase in 2022.
The mortgage market is tricky, and it is currently enduring a significant structural crisis, which is mainly related to the economic crisis on a global scale.
Over the course of 2022, hundreds of customers were able to fulfil their dream of buying the house they were after, thanks to our mortgages. Here at RN Tu solución hipotecaria we are committed to the mortgage market, and that’s why we are in quite a privileged position, since in 2022 we have been one of the leaders as far as securing mortgages is concerned. This is possible thanks to our human team, always striving to offer the best experience to the customer, from customer support all the way up to loan paperwork.
The future variable mortgage in 2023
The future variable mortgage in 2023
In the mortgage market, variable mortgage interest rates are fluctuating constantly. This is why, here at RN Tu solución hipotecaria, we’re already laying the groundwork to remain at the forefront next year and to get ahead of the market as far as possible.
RN Tu solución hipotecaria is a company whose goal is not to turn a profit; for this reason, we are committed to securing the most beneficial mortgages, staying one step ahead of how the market moves. We’re already foreseeing future interest rates, and we offer our variable mortgages with the best interest formula for 2023.
Your loyalty and trust is what allows us to remain in a privileged position in the fixed mortgage market. May 2023 be the year for RN Tu solución hipotecaria to carry on identifying the best variable mortgages to offer them to our customers.
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