Accessing housing in Spain has become a luxury for many since prices do not stop rising due to tourist speculation and the rise of economic indicators such as CPI, which directly affect the interest rates of banks when they grant mortgages. That is why having a good strategy when asking for a mortgage loan and knowing how to manage it can be crucial in order not to be paying a property.
To have a good strategy, other factors must be taken into account that also affect mortgages, such as the applicant’s economic situation, investment alternatives or the requested loan period. As for this last factor, it can improve a lot and get serious advantages through a good investment strategy, about what financial advisor Matías Galán has some keys.
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For Galán, if they save 100 euros a month and leave in a static account we will not be getting anything. “If those 100 euros, instead of giving them to the bank, you invest them in a financial tool that you 6% annually, instead of shortening three years, which would be what you would get leaving them stopped in the bank, you could be shortening seven years,” explains the finance expert.
It is not worth saving, you have to move the money
In your head, saving without more does not give any advantage to pay a mortgage, but a long -term strategy is needed where this money also generates a profitability superior to that obtained with a traditional amortization to be able to shorten a mortgage.
Matías Galán is clear: the most important thing is not to leave the money motionless. A mistake that we all make is to think that amortizing mortgage is always better. But if the interest of the mortgage is lower than that of a good investment, you could be wasting money and time at the same time.
It is for this reason that interest rates and investment conditions need to be compared before making quick decisions, as a general rule. Among the financial products accessible to the small investor that allow to achieve that average profitability of 6% indicated by the finance expert, we have indexed funds or diversified investment plans.
Long -term investments that seek to minimize risks through a constant and well advised strategy, with the aim of creating a capital that, in 10 or 15 years, allows to amortize part of the mortgage without compromising liquidity or financial stability.
RECENTABILITY OPTIONS Around 6%
For those who begin to invest and seek an average annual performance of 6%, there are accessible and diversified alternatives:
- Indexed funds: Indices such as S&P 500 or the MSCI World replicate, with low commissions and automatic diversification.
- Automated investment plans or “theft Advisors”: They offer professionally managed wallets from small monthly contributions (€ 50-100).
- ETF: They function as indexed funds, but negotiate as actions. According to CNMV and Morningstar, they can exceed 5% long -term profitability.
- Mixed funds: They combine fixed and variable income for a more conservative profile.
Before choosing, it is recommended to inform yourself well, use official simulators such as those of the Bank of Spain and, if possible, have professional advice to adapt the investment to the profile and personal objectives.