What is a mortgage comparator?

The best fixed, variable and mixed mortgage (November 2024)

If you are thinking about buying a home and need to request financing, you may not know where to start. In fact, the banks’ offering is so wide and varied that you may have been tempted to ask your usual bank and stick with what they offer you. However, that would be a serious mistake, first, because you do not know if their proposal is the best you can aspire to and, second, because you would be throwing away your negotiation skills with those banks that are eager to gain new clients.

So that your search does not become a nightmare, it is best to turn to a mortgage comparator: that is, a online tool that allows you to see all the offers of the market, understand its conditions and filter the proposals according to your preferences. Now, are they really reliable? How do they work and how can you take advantage of them?

What should a good mortgage comparator have?

The main key to knowing if you are looking at a good mortgage comparator is to check if it has a wide variety of offers. In fact, the perfect tool should have all the offers on the market, updated with the utmost regularity possible. That way, you can have every guarantee that you will find the best offer for your profile.

Another very important aspect is the functionalities it offers you. For example, a good mortgage comparator should allow you to customize the search: that is, allowing you to enter the price of your future house, the savings you have and the term for which you want to request your mortgage and, based on that, search for all the offers adapted to you and show you how much you would pay with each of them. they. Furthermore, it is interesting that include filters with which you can choose, for example, what type of mortgage you want to request (fixed, variable or mixed) and which banks are among your preferences.

Mortgage comparator

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Finally, you should make sure that the tool you choose offers you a complete information, useful and that is understood at a single glance, and that allows you start the hiring process of the offer that interests you most. That way, you can simplify the process of applying for a mortgage as much as possible, which in itself can take up to three months.

What can you use a mortgage comparator for?

Beyond the obvious, a mortgage comparator is a tool that can allow you much more than comparing offers:

It can help you simulate your mortgagesince a good mortgage comparator should allow you to personalize your search. Thus, by entering the price of the house you want to buy and the repayment period, you will be able to see how much you would pay each month with each of the mortgages on the market, whether you decide to comply with the bonus requirements offered by the bank or if you prefer don’t do it.
It should be the gateway to the process of contracting your mortgage: that is, once you have chosen the offer that interests you most, the buyer should redirect you to the corresponding bank so that you can start with the procedures, or offer you a mortgage broker service where a specialized team will help you take out that mortgage or give you even more interesting options for your profile.

What alternatives do I have to a mortgage comparator?

If you don’t feel like searching on your own, you can also use the monthly rankings prepared by experts like those of Kelisto.es. Based on objective and measurable criteria, and after tracking the entire banking market, the team of this mortgage comparator selects the best offers at fixed, variable and mixed rates so that the search for a good offer is even easier.

The best fixed mortgages (November 2024)

The best variable mortgages (November 2024)

The best mixed mortgages (November 2024)

How to complement your search with a mortgage simulator

When looking for your future home and the bank with which you want to finance your purchase, the first thing you should know are some figures: for example, what mortgage can you afford or what commissions the bank you choose will charge you. To find the answer to the first of these questions, there are digital tools with which you can make numbers very easily, such as mortgage simulator by Kelisto.

By simply knowing the price of the house you want to purchase, the savings you have, the interest you estimate you can get on your mortgage, the repayment period you would like to set and the province where it is located, the Kelisto mortgage simulator It will show you the fee you would pay each month and a couple of very valuable pieces of information: the interest you will end up paying to the bank and the money you will have to spend on taxes and other initial costs.

Using this type of tools is also especially useful if what you want is request a variable or mixed mortgage. With a simulator, for example, you can make different calculations to understand how your quota would evolve depending on the trend that the Euribor follows (up or down), so that you have room to take action.