These are mortgages that will pay 600 euros less

Good news for mortgaged who update their mortgage in June. He Euribor Today it is falling again and the daily rate is at its lowest level in a month: 3.57%. The monthly average also continues to decline, and with two data missing at the end of the month, it stands at 3.65%, moving further each day away from the average recorded a year ago: 4.007%. This means that the majority pledged Those who need to renew their mortgage will see a reduction in their mortgage payment, which could be in excess of €600 per year.

How much will mortgages fall taking into account the June Euribor rate?

Thus Euribor trend This seems to indicate that it will remain below 4% compared to last year. In fact, everything points to the biggest annual decline in three years. mortgage. It will mean saving in mortgage payments, which can reach 600 euros per year. We are still a long way from recouping the €600 per month increase for some mortgage holders who had to renew two years ago with the March figure, but this appears to be the first step towards ensuring that all mortgage holders, not just those update once every six months, rejoice.

According to iAhorro calculations, mortgaged With a variable rate mortgage and annual review, you’ll see your monthly payments reduced by €25 to €50.

For example, with a mortgage 150,000 euros After 30 years with the Euribor + 0.99% contracted last year, we see that the monthly payment will decrease by 26.63 euros: from paying 804.96 euros each month you will pay 778.33 euros. This represents annual mortgage savings of €319.52.

If the initial mortgage amount is 300,000 euros, the savings will also be greater: up to 53.25 euros less every month. That is, if you paid a monthly fee of €1,609.91, you would pay €1,556.66 with this review. Thus, the annual savings on the mortgage in this case will be 639.04 euros.

How will the Euribor rate change in June?

The comparator estimates that Euribor “could close the month at around 3.7%. The silver lining is that it was 4.007% a year ago, so people renegotiating their mortgages will see their payments go down.” The information they received from Rastretror is that the Euribor rate ends with a slight increase compared to last month. It will be anyway year-on-year decline“which will benefit mortgage holders who renegotiate annually as they will see a slight reduction in their monthly payments. With interest rates cut by a quarter point, Euribor could approach 3% before the end of the year. “

How to recover mortgage costs

For now, one way to save on our mortgage is to see if we can do it. demand from the bank the costs of registration. The home must have been purchased before 2019 and the mortgage may be current, paid off or canceled. The period has not yet expired, as required by law. Court of Justice of the European Union (CJEU) in April, and according to relamador.es, the average amount that can be reimbursed for the costs of obtaining a mortgage is 1,300 euros, excluding the tax on documented legal acts.

To do this, the first thing you need to do is collect all bills corresponding to the expenses paid when concluding a mortgage agreement and requesting a refund from the bank to receive the amount. Step by step, the first step is to collect the necessary documentation: