Those looking for a mortgage now are divided: a fixed mortgage offers long-term stability, but the mixed mortgage can be a wise way to avoid increases now, but take advantage of supposedly good rates in the future.
Below is the best interest rate of the two mortgage types signed through Housfy this last month.
In general, fixed mortgages have a slightly higher interest rate, but guaranteed for the entire life of the loan, while mixed mortgages give a better fixed interest rate in the first years and a competitive differential for the variable section, although The fate of the Euribor is what will decide whether or not it is a good financial decision.
A mixed mortgage divides the life of the loan into two tranches. The first is fixed and its duration will vary depending on the bank: it can be three, five, ten or fifteen years, for example. The rest of the period will be variable at an interest rate composed of a differential (which we sign now) and the Euribor that exists at the time.
If we trust that the Euribor will drop in the medium or long term, a mixed mortgage would be great to cover these first years and then, when moving to the variable section, change the mortgage to a fixed one for a better rate.
If interest rates remain high when switching to variable, we risk increases in installments. This increase in cost will be more notable the greater the capital lent.
