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Monthly loan payment for property decreases again in November

Monthly loan payment for property decreases again in November
By Joana P. . 4 years

This is a favorable time to ask for a housing loan

 

The monthly payment installments of the homes will once again fall in the revised mortgage credit agreements in November due to Euribor tax rates, which are continuing to fall. However, in the case of funding attached to the Euribor in three months, the fall in the monthly fee will be the lowest since June 2014.

 

According to the estimate of the Business Journal, if we consider a credit of 100 thousand euros for 30 years with a 0.7% spread indexed by the Euribor three months, the benefit to be paid the next revision will be 294 euros, less 0.21% of the monthly fee that is paid today. It is the smallest decline since June 2014, when monthly still rose  .

 

With regard to aggregate loans to Euribor for six months, the most commonly used are the housing loans in Portugal, where the reduction will be higher. The new provision will be 298 euros, 1.01% less than the amount charged now. Over the last year the fall in the monthly fee exceeds 3% overall.

 

Source: Jornal de Negócios