Instead, ask: “What is the spread (Euribor + X%) and the floor clause?”
❌ The TAE for a variable mortgage (e.g., Euribor + 1%) is calculated assuming future rates stay identical to today. That’s unrealistic. A fixed-rate mortgage’s TAE is far more reliable. calculo tae hipoteca
Calculate total insurance cost over 10 years and add to total loan cost. Instead, ask: “What is the spread (Euribor +
“Calculate TAE for your mortgage, but then ignore it when variable rates or mandatory insurance are involved – otherwise, you’ll likely choose the wrong loan.” you’ll likely choose the wrong loan.”