Camila Rodriguez Cock

Mortgages: the temptation of the fixed rate

I'm back to talk about mortgages, as is the theme of the moment.

Come era prevedibile dopo aver fatto credere alla gente che si poteva permettere di acquistare una casa con tassi di indebitamento irrisori, ma variabili, le banche oggi stanno puntando molto a ristrutturare i debiti assunti da molte persone e che, per via della forte (ma abbastanza prevedibile) crescita dei tassi, si trovano oggi a pagare Rate assolutamente fuori dalla loro portata.

E cosa tirano fuori?

Che i mutui si ristrutturano a tasso fisso o a rata fissa, peccato che, ovviamente, la rata fissa allunga, anche di molto, la durata del mutuo, mentre il tasso fisso è di molto superiore a quello che si sarebbe potuto avere quando i variabili erano bassi e sono stati used as a weapon to get people to sign loans.

The problem is that too many contractors do not want to inform or convince you of things that do not exist.

Personally I advised several people at different times I had turned, regarding the signing of a loan.

Some private employees have told me that they have chosen variable because they could not "afford" to pay the installment of fixed rate mortgage and because ultimately it had been advised that the agency still did not foresee strong growth rates over time (and this when fixed mortgage rates were around 5%)

time said

"The variable rate will rise and also much better to make a sacrifice now, but it provides stability, also saw the long-term commitment like a mortgage."

Unfortunately I was a good prophet, too much given the explosion in interest rates and consequently the rate.

Now these people are in trouble and the same time that they had recommended a variable rate, the proposed conversion to a fixed rate of course much higher.

do understand that the mediator is a craft and then the goal is not to give advice, but is selling a product, however, is angry to see people who have their lives ruined by the incompetence or bad faith of the times someone.

personally today to carefully evaluate the proposed fixed rate because the yield curve is fairly flat and the possibility of a notable growth rates are probably lower than those of a slight increase and subsequent reduction.

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