The commissions of the mortgages
The commissions are also an important part to be born in mind at the time of asking for a mortgage loan, since, as we will see further on, they influence the calculation of TAE. The commissions are negotiated and agree depending on our capacity, going so far as even some entities to offer we are big enough without these commissions.
Commission of Opening
Generally it is commission alludes to the expenses that the financial institution has relative to the study and to the procedure of the loan. It is a question of somewhat per cent of the amount of the loan, although the entities usually have a few minimums for the case of to that the requested amount is small.
Amortization commission for early cancellation
When we hire a mortgage loan we have the possibility of canceling whole whole or partially before the term ends. But since the interests are calculated on the totality of the life of the loan, the financial institutions are going to receive a commission from us. As its own name indicates, it will only be applied if this cancellation takes place. It expresses itself in a percentage on the amount amortized prematurely. If the loan is to variable interest the commission it is limited by law to 1 %, and if it is to fixed interest is usually higher. In case of doing it we can choose between reducing the quota to pay or term to be paid. The amount of the commission also usually changes depending if the cancellation is partial or entire.
Since we have said earlier, some entities even offer loans without these commissions.