First home purchase mortgage loan: The best deals of the moment

The first house is an essential asset and the ability to buy it represents an important milestone for anyone. This is why we must carefully choose the characteristics of the repayment plan, analyzing as many proposals as possible for first home purchase mortgages. Let’s see which one to choose and why.

First home purchase mortgage: fixed rate solutions

First home purchase mortgage: fixed rate solutions

Let’s go into the details of the best first home purchase mortgages of the moment by analyzing some fixed rate solutions. To get a clearer picture, we take as a starting point a mortgage of $ 200,000 required for a property worth 300,000.

The customer of this simulation is an employee who earns $ 2,200 per month and who chooses a 25-year amortization plan.

Among the interesting proposals worth mentioning are that of Lender Bank, which offers a mortgage with a monthly installment of $ 847.71, with TAN and APR corresponding to 2 and 2.08% respectively. The investigation costs correspond to $ 600 and there are no expert appraisals.

Also worth mentioning is the UBI solution, which always provides for an installment of $ 847.71, with TAN and APR at 2 and 2.14%.

Best variable rate mortgages for the first home: here are the offers not to be missed

Best variable rate mortgages for the first home: here are the offers not to be missed

We continue to talk about first home purchase mortgages by analyzing the variable rate offers. To explore the various examples, we always consider the mortgage of $ 200,000 for a property characterized by a total value of 300,000. The amortization schedule is 25 years.

Among the proposals of the credit institutions it is possible to mention that of Bancadinamica, which provides for a monthly installment of $ 755.83. In this case, the rate is 1.02% and is calculated on the basis of the 3-month Euribor parameter, increased by a spread of 1.35%.

Also worth mentioning is the Lender Bank solution, which always keeping the parameters mentioned above, provides for an installment of $ 767.40, with a rate equal to 1.15% and calculated on the basis of the 3 months plus one spread of 1.15%.

First home mortgage 100: how does it work?

First home mortgage 100: how does it work?

Are there mortgages for buying a first home at 100? These plans are rare as they are considered particularly risky by lenders, but are nevertheless granted in special cases.

One of these concerns joining the Guarantee Fund for the first home, a ministerial measure that has been active since 2014 and is aimed at young people under 35, couples who have been married or living together for at least two years, those who live in rent in a popular housing and to single parents with dependent young children.

The Fund allows you to apply for a first home loan with a state guarantee on 50% of the principal.

100% first home mortgage: the rules of the Fund

100% first home mortgage: the rules of the Fund

To access the Fund and to request first 100 home loans, the property being purchased must have a value of less than $ 250,000, which is not included in the cadastral categories A1, A8 and A9 and which represents for the beneficiary the first home owned on the Italian territory.

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