MORTGAGE SIMULATOR. EURIBOR

We also offer the possibility of consulting another mortgage simulator, To access this please go to the CAM web page  and follow these steps,. On the menu at the top select the option PARTICULARES. This will then show a menu hipotecas situated in the left margin, and from there select SIMULADORES. Between the available options you will find a simulator for the buying costs or subrogating mortgages.
what is a mortgage.
A mortgage is a royal law constituted by means of a contract, which is written in the Property register which gives value to a third party, and serves to guarantee a debt or obligation. It is treated as an additional contract to the main contract. Generally  the real estate in question will be the object of the mortgage , or a seperate living owned by the  applicant.
In the mortgage there are three seperate factors, The capital or amount loaned by the bank, the period of time and the rate of interest.
The interest rate can either be fixed or variable. In the last case, the value is revised periodically, to change it´s value to the actual state of the economy. In general the economic index used is the euribor.
What is the euribor
EURIBOR is an acronym for “"European Interbank Offered Rate" ( tipo europeo de oferta interbancaria).”
The euribor is a daily reference rate based on the averaged interest rates at which banks offer to land unsecured funds to other banks in the euro wholesale money market. that is to say, it is the percentage that a bank has to pay as tax when the others lend the money between the principal 64 european banks.

If navigator does not visualize the simulators, download and install the last version of Java Runtime Environment from the official Web.