These are the mortgages that reduce the installment price the most.

He Euribor It’s going down again today. Mortgage loans that need to renew their mortgage With June averages, they may be starting the party. There is one day left until the end of the month, an indicator until which most mortgage In Spain, the figure drops to 3,653%, the biggest drop this year. In particular, it decreases by 0.74% compared to May and by 8.83% year-on-year. These figures translate into savings for those with a mortgage by reducing their contributions in some cases by up to 600 euros per year.

“Despite the uncertainty as to what European Central Bank (ECB) in the coming months and how their decisions will impact the Euribor rate, there is one thing that seems very clear: the summer and early autumn will bring good news for those who will have to reconsider their variable mortgage,” says Celisto. ES representative Estefania Gonzalez. The comparator estimates that Euribor will end the year below 3.4-3.5%, so they do not expect sharp falls, but “the annual comparison will start at the high.” level in 2023, when the index reached 4.16%, and this will allow for a sharp reduction in monthly payments,” he concludes.

How much will mortgages fall given the June Euribor rate?

According to iAhorro’s calculations, pledged with a mortgage at a rate variable interest And annual report They will see a reduction in monthly payments of 25-50 euros. For example, with a mortgage of 150,000 euros for 30 years with Euribor + 0.99%, concluded last year, we see that the monthly payment will be reduced by 26.63 euros: from paying 804.96 euros every month you will pay 778.33 euros. This represents annual mortgage savings of €319.52.

If the initial mortgage amount is EUR 300,000, saving It would also be higher: up to €53.25 less each month. So if you paid a monthly fee of €1,609.91, with this review you would pay €1,556.66. So the annual savings on the mortgage in this case would be €639.04.

Does a six-month extension reduce your mortgage payment?

Kelisto says the good news will continue for another month for those reviewing their mortgage every six months, although it will be less positive than in previous times. If applicable, the fee will be reduced by

€2.08 per month (€12.48 per semester) for an average loan, representing a reduction of 0.25%.

How will the June Euribor rate affect those who want to apply for a mortgage?

As the year progresses, improvement of mortgage loan offersalthough the pace is still slow and with an emphasis on flat rates: “Everything seems to indicate that we will live trade war with a gradual moderate drop in prices, focusing on fixed and mixed rates,” explains Gonzalez. According to Kelisto.es, fixed rate mortgages (-7.09% year on year) are leading the decline, which is also noticeable in the fixed rate section. mixed mortgage rate (-5.65%) and variable mortgage, although with much less intensity (-294%). On the other hand, the variable portion of mixed mortgages continues to experience price increases (+2.70%).

How to recover mortgage costs

For now, one way to save on a mortgage is to see if we can charge the bank for the closing costs. The home must have been purchased before 2019 and the mortgage may be current, paid off or canceled. The deadline has not yet expired, as the Court of Justice of the European Union (CJEU) ruled in April, and according to relamador.es, the average amount that can be recovered for mortgage processing costs is 1,300 euros. , not to mention Tax on documentary legal acts.

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