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Buying a new home: when is the best time?
Factors to take into account when choosing a house with a mortgage loan
The truth is that there is no universal answer, since this will depend on many quite personal factors, such as your current and future situation and needs or your savings profile and your budget. In addition, the context will also be a determining factor: the economic situation and the markets, the price level of homes, employment, etc.

In general…
The macroeconomic situation and price of housing must be monitored closely. In addition, you must consider other aspects that influence the current price of the home and what its price could be in the future: political and legislative situation, etc. Even though the current Euribor makes this a good time, it is important to address this matter without referring to specific periods, but rather describing possible scenarios: uncertainty, economic growth, future trends, etc.And, on a personal level ...
You need to assess the factors that have a direct impact on your life:
- Your needs. What type of home do you need? Size, location, preferences, etc. These factors will also determine the price of the home.
- Your financial situation. The stability of your job and earnings, your capital adequacy, etc. You must take into account that, you will need to make a down payment of 20% of the price of the home, since banks usually only approve mortgage loans worth 80% of the appraisal price. In addition, you must also pay for an additional 10% of expenses associated with the purchase of property: notary, registration, taxes, etc.
- In addition, you must calculate the monthly payments of the mortgage loan and expenses, and analyse whether or not it is cheaper than paying rent. Keep in mind that the expenses for owners include the water, electricity, gas and telephone bills; as well as property and waste collection tax and other taxes, community fees and heating, among others.
What mortgage loan can you afford?
If you still have doubts, don't worry; we will help you, providing advice and everything you need to know about purchasing a new home, mortgage loans and having your own home.
You can request a free and non-binding personalised mortgage loan offer. Behind this form there are people who know a lot about mortgage loans and who are willing to give an answer to your questions. Come on, without hesitating, let's do it!

All in all ...
Above all, the perfect time to buy a home depends on the specific circumstances of the buyer. This is why it is very important to establish your needs, limits and saving capacity; do your math and choose the mortgage loan that best suits your profile.

Which is the best mortgage loan for me?
Fixed-rate, variable-rate or mixed? And how much will I pay? Bankinter shall provide you with all the information you need about what a mortgage loan is, what types you can find and which one will be best suited to your needs. You can also calculate the monthly fees you can pay comfortably using our simulator.