The war of the differential.
To high types, low differential. Everything to receive more clients and new mortgages up to coming at the edge of risk of the banks. And the fact is that it seems that the mortgage war is suffering but she refuses to die.
The differential does not mark the difference. It is a question only of one more fact, not minor, in the mortgage loans. Nevertheless, the financial institutions play with him the fall to receive new clients. The case is that an entity as popular as ING Direct has given one more step and more 0,33 % has turned into the focus of the market on having placed his mortgage to the Euribor, the lowest interest until now.
Where is the trick?. The experts seem to coincide that it is possible to lower the differential if the person who is going to hire the mortgage has good solvency, after all the differential tries to compensate the non-payment risks. With which we will see, lower differential but major difficulty of hiring these mortgages.
Nevertheless, there are experts who give their own advices to the citizen of on foot. «In the current situation of increases of the Euribor, perhaps the most advisable thing is that the client hires mortgages to mixed types (with enclosed schedule date of 25 years)».
Written by Carlos Lopez on September 25, 2006 with 2 comments.
# 1, Pedro
This news is repeated. Also, the new news does not contribute anything. Moreover, it omits that to obtain this differential it is necessary to hire a bundle multiproduct.
The habitual blackmail in these cases, although it is the first time that I it see in ING …
Paranoia. Blog