For many people, buying a home is the most important project of their lives. But when they go to the bank, they encounter an obstacle: financing. Most institutions only grant 80% of the purchase price or appraisal value (whichever is lower). And this requires having the remaining 20% plus expenses (an additional 10 to 13%).

At Eix Financer, we know that not everyone has enough savings to cover this down payment, which is why we work to help our clients secure up to 100% financing. Below, we explain how this can be achieved and what you need to consider.

Why Don’t Banks Finance 100%?

After the 2008 crisis, risk criteria became stricter. 100% financing virtually disappeared from all institutions, with the “exception of properties from their own portfolio (properties from” foreclosures).

Currently, some institutions can reach 100%, but only in very specific cases and with the right approach. This is where the role of the mortgage advisor comes in.

Strategies to get 100% of the Mortgage

There are several ways to obtain full financing for the operation:

1. Double mortgage guarantee
One of the most common options is to offer a second guarantee (usually a property owned by parents or relatives). It is not necessary to mortgage the entire property, but only a proportional part as support.

This formula can be temporary (until the debt is reduced) and allows access to full financing without the need for saved money.

2. Personal guarantee (from parents or relatives)
Some banks accept a personal guarantee from a parent or legal guardian, provided they have sufficient income or assets. This option is more common for young buyers.

3. Operation with a good profile + suitable institution
Some institutions may agree to finance 90-100% if the client’s profile is solid:

• Permanent contract
• Stable income
• Low financial burden
• Impeccable credit history

As advisors, we know which institutions can offer this and how to properly present your application.

What You Need to Consider

The interest rate may be higher if you request more than 80%.

Some institutions may require more ties (insurance, payroll, cards…).

It is essential to properly prepare the documentation and preliminary analysis to avoid direct rejection.

Case Study

A young couple, with two permanent contracts and no debts, wanted to buy an apartment for €180,000. They had no savings, but the parents offered a second home as partial collateral. We secured a 100% mortgage at a mixed rate, with affordable payments and no down payment.

Conclusion

Getting a mortgage with 100% financing is not easy, but it is possible. The most important thing is to know which institutions to approach, how to present the operation, and what conditions can be negotiated.

At Eix Financer, we study your case in a personalized way, find the “right strategy, and accompany you throughout the process until the signing.”

When you visit the bank or compare mortgage offers, the first big question often arises: “Should I go fixed or variable?” And the answer, as always in finance, depends on your profile and the market context.

This article helps you clearly understand the differences and choose wisely.

What is the Difference between a Fixed and Variable Mortgage?

• Fixed mortgage: the interest rate remains stable throughout the life of the loan. The monthly payment does not change.
• Variable mortgage: the rate is reviewed every 6 or 12 months and depends on the Euribor. Payments can go up or down.

Mixed mortgages also exist, with an initial fixed-rate period (e.g., 5 or 10 years) and then variable.

Advantages and Disadvantages of Each

Fixed Mortgage
Advantages:

• Financial stability and peace of mind.
• Ideal for the long term.
• Protection against rate increases.

Disadvantages:

• May have a slightly higher initial rate.
• Penalizes more in case d “early repayment (interest rate risk” interest).

Variable Mortgage
Advantages:

• Usually starts with a lower interest rate.
• More flexible early repayment.

Disadvantages:

• Uncertainty: payments can increase if Euribor rises.
• More exposure to economic changes.

When is a Fixed Rate Suitable?

• If you want stability and to control monthly expenses.
• If you have a tight budget and don’t want risks.
• If you are close to retirement or have stable but limited income.

And when is a Variable Rate Suitable?

• If you have monthly savings capacity and can absorb increases.
• If you plan to repay before the end of the term.
• If the “variable rate offer is much better and Euribor is low”.

Our Advice

Choosing between fixed or variable is not just a matter of numbers, but of security, personal outlook, and strategy. What suits one client may not be optimal for another.

At Eix Financer, we help you compare specific scenarios, calculate how it will affect your finances, and negotiate the best option with banks.

When you apply for a mortgage, the bank analyzes much more than just the value of the property you want to buy. They evaluate your financial, employment, and personal profile to determine if you can afford the loan and under what conditions.

Below, we explain the most common requirements that financial institutions consider and how you can know if you are ready to apply for a mortgage.

1. Stable and Verifiable Income

The first thing they will look at is whether you have regular income:

• Employee: Payslips, contract type (preferably permanent), and length of employment are considered.
• Self-employed: Income and VAT returns, and length of activity (minimum 1-2 years usually) are considered.
• Civil servants: They usually have better access due to job security.

Tip: If you’ve recently changed jobs, it’s better to wait a few months or demonstrate stability through other means.

2. Borrowing Capacity

Banks want to ensure that you can make the monthly payment without difficulty. For this, they apply the debt-to-income ratio rule:

• The monthly payment should not exceed 35% of your net income.
• For example, if you earn €2,000/month, the payment should not exceed €700.

They also take into account whether you have other loans, credit, or recurring expenses (such as pensions).

3. Credit History

They will check if you have had defaults, if you are listed in databases like ASNEF or RAI, and if you have active credit cards or personal loans. A good history, even if you don’t have significant assets, can help a lot.

Tip: Cancel unnecessary credit cards or loans before applying for the mortgage.

4. Down Payment or Guarantees

Although some banks may offer up to 90-100% financing, most still require:

• Contribute at least 20% of the purchase price
• Have savings to cover expenses (notary fees, taxes, etc.)
• In some cases, guarantors or additional collateral

At Eix Financer, we help you explore options for financing up to 100% depending on your profile.

5. Essential Documentation

This is the usual documentation they will request:

• DNI or NIE
• Payslips (last 2-3)
• Income Tax Return
• Employment History Report
• Bank Statements
• Current Debt or Loan Reports
• Purchase Pre-agreement or Property Reservation

Having everything prepared greatly facilitates the process and speeds up approval.

Conclusion

The requirements for obtaining a mortgage can vary depending on the bank, but the key is to thoroughly prepare your profile, have your documentation in order, and present your application strategically.

At Eix Financer, we help you take this step with confidence, saving you time and providing access to conditions you might not get if you apply independently.

Buying a home is a significant decision, and many people don’t know where to start. If this is your situation, don’t worry: getting a mortgage can be a swift and secure process if you follow the correct steps.

At Eix Financer, we “ll guide you every step of the way. Here, we” ll explain, step by step, what you need to do.

1. Analyze your Financial Situation

Before speaking with any bank, it’s important to know:

• What is your income?
• Do you have savings to cover the down payment and expenses?
• What monthly payment can you afford?

This self-analysis will help you determine what home price you can afford and what strategy to follow.

2. Contact a Mortgage Advisor

A good advisor helps you to:

• Understand the real market conditions
• Simulate scenarios (fixed, variable, mixed)
• Present your case to banks optimally
• Negotiate better terms

Furthermore, the advice may be free for you, as the collaborating entity covers the cost.

3. Gather all Documentation

Banks will ask for:

• DNI or NIE (Spanish ID or Foreigner Identification Number)
• Pay stubs or income statement
• Work history report
• Bank statements
• Income tax return
• Information about other debts

Having everything ready from the start speeds up the process.

4. Mortgage Comparison and Application

With the advisor’s support, you can compare real offers from various entities. It’s important not to focus solely on the interest rate, but also on:

• Opening or cancellation fees
• Linked products (insurance, cards…)
• Total associated expenses

Once the best option is chosen, the formal application is submitted.

5. Property Appraisal

The bank will send an appraiser to determine the real value of the apartment or house. This figure is crucial because the financing percentage is calculated based on the lower value between the appraisal and the purchase price.

6. Approval and Delivery of the FEIN

If everything is correct, the bank will approve the operation and provide you with the FEIN (European Standardized Information Sheet), which includes all final conditions. You will also receive the FiAE (Standardized Warnings Sheet).

You will have at least 10 calendar days to review it before signing.

7. Signing before a Notary

Finally, the mortgage and purchase agreement are signed before a notary. At that moment:

1. The bank disburses the funds
2. You acquire ownership
3. The mortgage loan becomes effective

Conclusion

The process of getting a mortgage doesn’t have to be stressful if you know what to do at each step. With good preparation and the right support, you can make informed decisions and protect your finances.

At Eix Financer, we handle everything: analysis, comparison, negotiation, and support until the signing.