Is it advisable to take out a mixed mortgage in the current situation?

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Euribor at 4% here, ECB rate hike there... With everything Romania Email List that is happening, it seems that calm has not yet reached the mortgage market. Nor does the effusiveness of taking out a mortgage start , which continues to register drops month after month. So, is it advisable to take out a mixed mortgage in the current situation?

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What is a mixed mortgage?
Until a few years ago, the term “mixed mortgage” was one of the great unknowns in the Spanish mortgage market. However, the circumstances and events that have marked recent months have brought the concept closer to today's society .

In essence, the mixed mortgage is a mortgage product that is born from the union between the two classic types of mortgage : the fixed mortgage and the variable mortgage. This is a loan that is divided into two large terms, each marked by a different interest rate.



Characteristics of a mixed mortgage
That said, the main characteristics of a mixed mortgage are the following:


Fixed initial interest rate. The first part of the loan begins with a period of 3, 5 or 10 years at a fixed rate. During this period, monthly payments are constant.
Transition to variable rate. After the initial fixed rate term, the mixed mortgage becomes a variable rate mortgage, which implies an adjustment of the installments to a reference index, which is usually the Euribor.