A repayment
mortgage is a mortgage paid over a period that is
paid off in full at the end of the term.
You have the choice between a variable rate repayment
mortgage in France and a fixed rate French
mortgage.
Variable rate repayment
mortgages in France tend to have constant monthly
repayments so that the term of the loan changes according
to fluctuations in the interest rate.
Most variable repayment
mortgages in France will not incur a penalty charge
for early repayment after a minimum period of three
years
Most fixed rate mortgages in France will incur a 3
percent penalty for early repayment
FMX Mortgage Tip: Make sure you understand the difference
between a low first year promotional French mortgage
rate and a French mortgage rate based on a Euribor index
plus the bank's margin. FMX will be able to clarify
the true French mortgage rate.