Today we are talking about an essential tool for those who are in the process of buying a house: the Housfy mortgage simulator. It is a simple-to-use application that helps you calculate the mortgage payments you are looking for instantly and even compare different offers.
If what you are looking for is a fixed rate mortgage, the mortgage payment will be the same throughout the loan. That is why it is important to negotiate a good interest rate with the bank from the first moment.
To do this, a mortgage broker does an exquisite job: this professional finds the best mortgage for your financial profile from all the banks. Much better than going from bank to bank!
This option becomes especially attractive in the case of mixed mortgages, for which the holder will enjoy a fixed rate in the first years of the loan but will be handed over to the fate of the Euribor later.
Doing checks with different Euribors, testing all possible scenarios, is ideal for predicting changes in your economy and, above all, anticipating any unforeseen events.
The French amortization system is the quintessential method for calculating mortgage payments and interest distribution.
It focuses on an uneven distribution of interest payments over the life of the loan: during the first few years, more of our payment will go towards paying off more interest than principal, and we will begin to amortize principal as the years go by.
With these innovative mortgage simulators, it is not necessary to know the formula or learn how a mortgage payment is calculated. We will only need the basic information of the loan: the interest rate, the capital borrowed and the repayment period. Prove it now!
