Is this a good mortgage rate?

Hello

I am a firts-time buyer and am about to accept a mortgage offer for a resale apartment that I wouldl ike to buy.

I am lending €120,000 (minus costs) for 30 years at rate of 2,15% + Euribor

The total year costs are 2,8%

When looking around on the different Spanish bank sites, I see them advertising 1% and 1,25% + Euribor - but I'm not sure is this is just marketing, and not what you get? 

Is there an expert among you, and who would have an opinion on the rate I have been offered?

We got a rate of 2.05percent plus 12 months Euribor in 2008. The issue is getting another bank to finance for a re-sale. There probably is not much in it, Also check other conditions like life and property insurance, plus typcally a cancellation fee on early payment of principal.

Saludos

Juan

Definitely not an expert, but I think you've got to view the proposition itself, the others may just be distractions.  The rate you've been offered is reasonably competitive, many would say you're lucky to get any offer currently.  Euribor is likely to be static for a while - it's highly unlikely to increase dramatically, so for me this would be "a bird in the hand..." situation.