Since the global financial crisis first started, mortgage markets have experienced several significant shifts. Notably, mortgage interest rate index has doubled within an extremely brief period of time.
If you wish to remain living in your house for an extended period, a fixed-rate mortgage may be your best bet; however, you must first assess both your personal financial situation and risk tolerance before deciding.
EVO Banco
EVO Banco is a digital bank offering an array of banking products and services, such as current accounts, savings accounts, credit cards and mortgages – all accessible from its user-friendly mobile app. In addition, EVO Banco provides no-fee ATM withdrawals worldwide as well as zero-commission foreign transactions.
EVO Banco was established in 2012 as an alternative banking solution that blends traditional financial services with new technologies, with the mission of reinventing finances for a better future. EVO’s Smart Banking model uses advanced technology to offer customers an innovative digital experience – including automated savings and investment plans and Hucha Inteligente initiative with Coinscrap Finance that enables customers to turn savings profitable with minimal effort.
EVO Banco provides energy discounts to its financial customers and the EVO Lovers community of supporters, who enjoy an average electricity bill discount of up to 20%. Furthermore, their customer success team is dedicated to supporting customers more personally; Signicat was employed to improve EVO Banco’s onboarding process and enhance conversion rates; VideoID technology used by EVO Banco to reduce fraud is used with this partnership – using facial recognition cameras paired with ID cards can check whether someone claims they are who they say they are – further assisting EVO Banco in their fraud reduction efforts as it compares faces against ID cards in real-time using facial recognition technology used with cameras to compare a person’s face against their ID card number to verify whether who claims to be.
iAhorro
iAhorro is an online platform that compares mortgage loans from various banks and provides users with information regarding their options, including terms and conditions and user reviews for each loan. Furthermore, this platform can help users calculate how much money they could save by switching their mortgage.
With this tool, you can compare mortgage rates and assess whether switching from fixed rate to variable is in your best interests. Furthermore, find out which documents need to be submitted along with a monthly cost estimate from iAhorro’s experts and find an option tailored specifically to your individual requirements.
iAhorro was established by a team with extensive financial sector experience, dedicated to offering exceptional customer service and backed by international accreditations and certifications – garnering it widespread praise in banking and finance circles as an industry leader.
As such, iAhorro has earned the trust of many customers, raising over $314M across 17 rounds in funding. Competitors such as Helloteca, CreditoSMS and HelpMyCash also exist, however iAhorro stands out by providing users with features that enable them to compare mortgages from various banks and providers.
Trioteca
Trioteca, an Spanish startup company, has taken several measures to enhance its mortgage offer and optimize bank processes for buyers. Since its formation, this business has invested significantly in this field and now manages over 2500 loans worth 500 Million Euros.
Fotocasa, Adevinta-owned property investor guide, has recently welcomed Trioteca as their digital mortgage partner. Trioteca provides search and comparison services that help buyers identify the ideal loan terms while simultaneously helping users manage their homes efficiently and resolve any queries. Trioteca joins Fotocasa’s Expert Collections of most promising tech firms as one of its newest offerings.
Trioteca offers a free service that searches and compares mortgage loan conditions offered by state banks. Through an intuitive web application, Trioteca analyses users’ situations in order to provide tailored recommendations tailored specifically for them. Once results have been approved, customers can select their bank of choice and sign their mortgage loan contract without worry; our dedicated team of specialists is on hand throughout this process and any doubts resolved so they have a greater understanding of the process and can make informed decisions with Trioteca as their guide – perfect both for consumers as well as real estate agents alike!
Mari Carmen
Fixed mortgage interest rates remain consistent over the life of the loan, making this type of mortgage more secure than variable ones. Both principal payment rates and interest payments will remain constant over time.
People tend to favor fixed mortgages due to various considerations. It provides an equal income rate throughout its term of loan repayment.
As long as the interest rate remains consistent, one may be able to save more quickly. Banks offer physical mortgage loans at very competitive rates.
Sabadell’s fixed rate mortgage does not charge an initiation fee and offers an amortization rate of 2.70% in its initial six month amortization cycle, offering you the chance to finance your home and achieve financial independence. Interest rates on fixed-rate mortgages in Santa Fe, San Miguel, Rio Arriba and Bernalillo remain consistent year over year; however variable-rate loans may increase or decrease depending on certain variables; so we advise analyzing both your financial profile and risk tolerance to understand any variations that arise.