Words like euribor, reference index or differential are already part of our everyday vocabulary. Well now, we add a new one: IRS. This acronym, which English respond to Interest Rate Swap, Will soon become a new reference index for mortgage loans, although the eurobond remains.
Many believe that Spain has always been a landowning country, but it is not. Until the middle of the last century, more or less, a good part of the Spaniards lived in rent. Then they changed the tables and we became almost all proprietors or at least to try. And now, what is happening?
Information is published every day on the need to further lower the price of housing. I have chosen just one example, but there are many ... News like this "S & p warns of a further large drop in the price of housing in Spain" In which there is talk of additional declines, only make the buyer disappoint, especially when the method used to calculate them is not clarified, since they mostly speak from fall maxima in the 20% -25% environment.
If you are interested in buying a home, you'd better do it before 31's December 2012, then it will cost you more. Think about it and value the tax savings of buying before the end of the year or the cost of doing it later. The January 1 of 2013 takes effect some changes that you must take into account:
It seems contradictory, but it is not. A few years ago, one asked for a mortgage and granted it with an interest of Euribor + 0,45 or + 1. Today, if you are granted, if you are one of those fortunate few that the bank deems worthy of this privilege, you find that you get to offer Euribor + 3, or + 4, or + 5 if necessary, of course, A whole salad of home insurance, life, unemployment ...