A Safe Option for Your New Home
If you are in the process of buying a house and want to avoid unpleasant surprises with mortgage payments, BBVA presents an attractive alternative: the fixed-rate mortgage. This modality allows you to know in advance the amount you will have to pay each month, eliminating concerns arising from possible fluctuations in interest rates.
Stability in Times of Uncertainty
One of the main advantages of opting for this mortgage is its stability. With a fixed interest rate, you’ll benefit from constant payments throughout the loan period, regardless of market fluctuations. This is especially valuable in a volatile economic environment, where interest rates can rise unexpectedly.
Competitive Conditions
BBVA offers a fixed interest rate starting at 3.90% TIN for a term of 15 years, with an APR of 4.57%. As an initial bonus, for the first six months you can enjoy a discount of 1% on the nominal interest rate, which can lighten the initial financial burden.
Additional Bonuses for Extra Savings
BBVA also offers the possibility of further reducing the interest rate if you contract complementary products. With these bonuses, you can get a minimum interest rate of 2.90% TIN and 3.83% APR. To access these advantageous conditions, it is advisable to direct the payroll and purchase insurance such as home insurance.
Voluntary Option, Guaranteed Savings
Although the hiring of these products is not mandatory, it can make a significant difference in the final cost of the mortgage, facilitating considerable savings in the long term.
Additional Advantages of the Fixed Mortgage
One of the most attractive points of this mortgage is that there is no opening fee, and BBVA covers the expenses related to the notary, management and registration. This represents considerable relief for buyers, as it eliminates expenses that could complicate the budget.
Flexibility in Financing
In terms of financing, BBVA allows you to finance up to 80% of the assessed value of the usual home, and up to 70% in the case of a second residence. This flexibility gives you the ability to adapt to your particular financial needs.
Extended Terms for Your Convenience
The maximum term to repay the mortgage is 30 years, thus giving you ample room to manage payments without pressure. It is important to note that the sum of the owner’s age and the term of the mortgage must not exceed 75 years.
Simple and Fast Application
The process to apply for BBVA’s Fixed Mortgage is very accessible. You can start calculating your fee using an online simulator, which will give you a clear idea of your monthly payments. Once you have the necessary information, you will only have to send your data and the required documentation to start the procedure.
One Step Closer to Your Home
After carrying out the valuation of the property, if your application is approved, you will only have to sign in front of the notary to formalize the agreement.
A Decision That Offers Peace of Mind
BBVA’s Fixed Mortgage represents an exceptional option for those looking for a safe and predictable investment. With attractive conditions and the possibility of savings, you can face your new stage with confidence and peace of mind.