Mortgage loans – Get an easy home

 

Easy Home Mortgage

Easy Home Mortgage

As with all Lemavis mortgage loans, the amount cannot exceed 80% of the value of the property, the preliminary fees are equal to 0.75% of the amount disbursed and on the installment you pay a collection commission equal to 2 euros. It is a mortgage with a variable rate French amortization plan, with semi-constant installments and a change in the interest rate as the reference rate changes. It means that each installment is divided into two parts: the first includes the money lent and is increasing, the second interest on the capital and is decreasing. In practice, almost only interest is paid at the beginning of the loan repayment. Over time, however, the proportion is reversed and more quota is paid than interest.

The variable rate is calculated by adding the reference rate to the spread. The reference rate is the 360-day 3-month Interbank, calculated as the average for December for the quarter between January 6 and April 5, the average for March for that between April 6 and 5 July and finally the September average for the months between 6 July and 5 January, or the PSN (which is decided monthly at the meetings of the Governing Council of the European Central Bank). While the maximum spread is 5.5%.

Easy Fixed Rate Home Mortgage

Easy Fixed Rate Home Mortgage

This is the “brother” of the previous one, with some differences: the rate is fixed, ie calculated on the IRS (Interest Rate Swap, or the interest rate at which the banks obtain swaps ) and the installments are constant.

Flexible mortgage

Flexible mortgage

In this case, the rate is variable and the fixed rate, with the possibility of changing the duration of the loan. It is a loan with a personalized French repayment plan in which the installment (in the event of a surge in the Interbank or the PSN rate) does not change. On the other hand, to recalculate the right interest, the duration of the loan is extended up to a maximum of 30 years or (if the rates decrease), it is reduced to a maximum of 5 years less.

At the signing of the contract a minimum and a maximum duration of the loan is established and after the thirtieth year of the loan, in any case, the loan repayment plan is recalculated without bearing in mind what was the maximum installment previously agreed.

Free Mortgage

Free Mortgage

It provides for a variable rate loan with a personalized amortization plan, that is with periodic installments composed only of interest, while the repayment of the principal, after three months from the disbursement date, is completely free.
The initial duration is 20 years (renewable), during which the loan can be repaid in installments or in a lump sum. In any case, the loan is payable until exhaustion of the ceiling.

Lemavis Protected Mortgage

Lemavis Protected Mortgage

It is a variable rate loan with a French repayment plan, which places a maximum ceiling on the installment. Even the installment cannot exceed the set maximum. It is payable until exhaustion of the ceiling.

Lemavis home loan Work in Progress

It can be asked for the construction and renovation of the house. It is at a variable rate with a French repayment schedule and provides for disbursements linked to the progress of the work, with semi-constant installments.

The total amount is established at the signing of the contract, but only the first tranche of the loan is delivered. The others will be disbursed later, at the latest in 24 months, during which interest-only installments will be repaid.

Double Choice Mortgage

Double Choice Mortgage

In this case, within the French amortization schedule, the starting rate is chosen by the customer between variable, (with semi-constant installments) or fixed (with constant installments for 24 months).
At the end of each two-year period the customer can decide to change the chosen rate or keep it.

Mortgage Lemavis Forza 4

Mortgage Lemavis Forza 4

The loan provides for a French repayment plan, but for the first four years the rate is fixed and the installments are constant. From the fifth year on, the rate is variable and the rates are semi-constant. The loan is payable until exhaustion of the ceiling. The following table is only an example and the conditions are subject to changes over time, so always visit the financial website.

Mutual Rate Spread Max APR Duration Rate
Easy house Variable 5.5% 5.966% 5 – 30 years Monthly or Quarterly
Easy House Fixed Rate Fixed 5.5% 6.725% 5 – 25 years Monthly or Quarterly
Flexible Variable 5.5% 5.921% 5 – 20 years (extendable to 30) monthly
Free Variable 5.5% 5.862% 20 years – renewable Monthly or Quarterly
Protected Variable (with 6.5% maximum ceiling) 3.10% – 3.25% – 3.45%. 3.80% 10 – 15 – 25 years Monthly or Quarterly
Work in progress Variable 5.50% 5.951% 5 – 30 years Monthly or Quarterly
Double Choice mixed 5.50% 5.950% (variable) – 5.908% (fixed) 6 – 20 years Monthly or Quarterly
Force 4 Double (Fixed at 0.90% for the first 4 years – after variable) 1.4% 1,501% 5 – 30 years Monthly or Quarterly