{"id":280,"date":"2021-08-19T15:28:32","date_gmt":"2021-08-19T14:28:32","guid":{"rendered":"http:\/\/mbnegocios.pt\/?p=280"},"modified":"2021-08-20T11:04:13","modified_gmt":"2021-08-20T10:04:13","slug":"taxa-variavel-e-taxa-fixa-nos-creditos-habitacao-diferencas-e-vantagens","status":"publish","type":"post","link":"https:\/\/topdeal.pt\/en\/taxa-variavel-e-taxa-fixa-nos-creditos-habitacao-diferencas-e-vantagens\/","title":{"rendered":"Variable Rate and Fixed Rate in Housing Loans - Differences and Advantages"},"content":{"rendered":"<p>Banks are always offering the client the alternative between a <strong>fixed rate<\/strong> or <strong>variable rate<\/strong> for mortgages. But what is the difference between them and what are the advantages of one and the other?<\/p>\n<h2>Fixed Interest Rate<\/h2>\n<p>The <strong>fixed rate<\/strong>, which is less frequently used, allows the client to anticipate with great assertiveness the amount of the loan installments until the end of its term. As the name implies, <strong>the rate does not vary<\/strong>, being the same regardless of the conjuncture or fluctuations of the European Central Bank's reference rates (which directly influence Euribor's rate). However, banks tend to protect themselves from a possible rise in these reference rates, which makes it certain that the fixed rates <strong>in the early stages of the loan are likely to be higher<\/strong> than the variable rates. In this way the client gets a higher installment, but without worrying about it rising or falling.<\/p>\n<h2>Variable Interest Rate<\/h2>\n<p>The <strong>variable rate<\/strong> is obtainedby adding the spread to the Euribor. Usually, at the <strong>time of signing the deed<\/strong>, this combination tends to be <strong>lower<\/strong> than fixed rate alternatives. However, since Euribor is variable on a monthly basis, there is a risk that the installment may increase. Currently the Euribor is at historic minimums across all its maturities, but in 2007 it reached as high as 5.5%. Please note that banks provide at the bottom of the <a href=\"http:\/\/mbnegocios.pt\/ficha-de-informacao-normalizada-europeia-fine-o-que-e-e-qual-a-sua-importancia\/\" target=\"_blank\" rel=\"noopener\"><strong>European Standardized Information Sheet (ESIS)<\/strong><\/a> a simulation of the instalment amount in case Euribor rises. You should consider whether you have the financial capacity to continue paying the instalment in such a scenario.<\/p>\n<p>&nbsp;<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-281\" src=\"https:\/\/i0.wp.com\/mbnegocios.pt\/wp-content\/uploads\/2021\/08\/chart_2.png?resize=608%2C547\" alt=\"Gr\u00e1fico 1 - Evolu\u00e7\u00e3o Euribor 12 meses - 1999 - 2021\" width=\"608\" height=\"547\" srcset=\"https:\/\/i0.wp.com\/topdeal.pt\/wp-content\/uploads\/2021\/08\/chart_2.png?w=608&amp;ssl=1 608w, https:\/\/i0.wp.com\/topdeal.pt\/wp-content\/uploads\/2021\/08\/chart_2.png?resize=300%2C270&amp;ssl=1 300w\" sizes=\"auto, (max-width: 608px) 100vw, 608px\" \/><\/p>","protected":false},"excerpt":{"rendered":"<p>Banks always offer the customer the possibility to opt for a fixed or variable rate on home loans. Do you know the difference between the two and what the advantages of one and the other are?<\/p>","protected":false},"author":1,"featured_media":287,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"_joinchat":[],"footnotes":"","jetpack_post_was_ever_published":false},"categories":[4],"tags":[],"class_list":["post-280","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-credito-habitacao"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/topdeal.pt\/wp-content\/uploads\/2021\/08\/credito_habitacao_5.jpg?fit=2400%2C1601&ssl=1","_links":{"self":[{"href":"https:\/\/topdeal.pt\/en\/wp-json\/wp\/v2\/posts\/280","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/topdeal.pt\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/topdeal.pt\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/topdeal.pt\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/topdeal.pt\/en\/wp-json\/wp\/v2\/comments?post=280"}],"version-history":[{"count":3,"href":"https:\/\/topdeal.pt\/en\/wp-json\/wp\/v2\/posts\/280\/revisions"}],"predecessor-version":[{"id":292,"href":"https:\/\/topdeal.pt\/en\/wp-json\/wp\/v2\/posts\/280\/revisions\/292"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/topdeal.pt\/en\/wp-json\/wp\/v2\/media\/287"}],"wp:attachment":[{"href":"https:\/\/topdeal.pt\/en\/wp-json\/wp\/v2\/media?parent=280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/topdeal.pt\/en\/wp-json\/wp\/v2\/categories?post=280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/topdeal.pt\/en\/wp-json\/wp\/v2\/tags?post=280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}