It is not in vain that there are many citizens who face mortgage loans 30 or 40 years in duration, which is not little. And those who can or have the necessary means to request that loan for a new home. The first requirement we need when buying a house is to know if any bank provides us with the mortgage loan we are referring to.
Obviously, multiple factors come into play here to be accepted or denied. Once we have it in our hands and depending on the amount received, we can opt for one house or another. From there, as time goes by, if things go a little better for us, we will always have the opportunity to amortize that mortgage payment to reduce it.
As a general rule, this is something we can do by reducing the monthly payment we pay, or the time remaining until finalize payments. But at this point, perhaps we can ask ourselves a question, and that is what interests us more, or how much the fee will decrease with the amortization that we plan to carry out. It is true that we can always go to our bank and make the query, but we also have the possibility of carrying out this procedure comfortably from home.
For this we will only need our computer and its corresponding Web navigatoras we will see below.
Use this simulator for mortgage repayments
Basically with all this we want to tell you that to know the money that you are going to save in the event that you carry out a mortgage amortization, you just have to use this web application. Specifically, we refer to the platform offered by the iahorro entity and which is characterized by the simplicity of use it provides us.
At first we only have to access this link that will give us direct access to your mortgage amortization simulator.
As it could not be otherwise, the application will ask us for a series of data corresponding to our mortgage loan in order to carry out the calculation. Among these, it will ask us for the amount of mortgage that we still have outstanding, how much we want to amortize, or the remaining years of the loan. It is also important that we specify the type of mortgage we have contracted, fixed or variable; or the interest that we initially signed with our bank.
Once we have filled in the corresponding data that we mentioned, the web application will start working once we click on the View results button.
Furthermore, we must take into consideration that one of the main advantages that this simulator offers us is that we will obtain results in both amortization assumptions. That is, we will see how the mortgage payment remains depending on the amount amortized, or the remaining time if we focus on the period we have left to pay.