The fixed rate stays the same for the duration of the relationship and allows you to precisely define the payment plan. It is the optimal solution if the market rate rises, as it is disadvantageous if the market rate decreases.

The variable rate mortgage

The variable rate does not guarantee the certainty of the amount of its repayment in the medium to long term, offers the advantage of providing for the reimbursement rate that respond to current needs and situations. The floating rate is updated periodically based on the cost of money, so you can earn / bear losses on the basis of its oscillations.

The loan rate mixed

Joint rate, also known as rate structure allows you to postpone the final choice of the rate of at least 24 months, when important choice is difficult to predict the trend of interest rate fluctuations because of marked, or in the event of a change in personal circumstances.

The creditor is the one who issues the loan, so the receiver is called the debtor. The reimbursement rate through which you add an interest rate that is the proceeds from the lender.

The rates applied to the loan may be fixed or variable rate depending on the type of contract or upon the financial market. The fixed rates are independent of the market for this and have slightly higher rate variables, which are influenced by changes in economic / financial.

Small amounts are not provided for specific terms and now the funds are granted to people who have had seizures or have negative experiences in this regard. For larger amounts are being set some minimum clauses, to which not having to incur heavy fines, and require a valid credit reputation together with a minimum guarantee on the funding of the total.