For those looking for the lowest mortgage rates, there is good news. The historic cap of 1% interest was reached several times last month. Many banks anticipate the abolition of the housing bonus and lower their interest rates.
Why are interest rates so low?
It is clear that interest rates have been on a downward trend for several years. Nevertheless, interest rates have been exceptionally low in recent months. And the abolition of the housing bonus has everything to do with it.
Whoever buys a house wants to have the deed executed by the notary as soon as possible in order to still be eligible for the housing bonus. This means that there is currently a rush on real estate.
And that ensures a true competition between the banks, which of course all want to attract customers with favorable interest ratesbe announced that some banks already provided interest rates of less than 1% for mortgage loans with maturities of 10 or 15 years.
Can everyone enjoy the low interest rates?
Everyone can take advantage of the low interest rates. For example, the average home loan for 20 years has an interest rate of 1.65%. Those looking for a mortgage loan of less than 1%, on the other hand, must have a strong file.
This means that the risk for the bank must be limited. For example, you should have a stable, high income, your own contribution must be substantial and the term of the loan may not exceed 10 to 15 years.
Are there any disadvantages?
If a bank promises you a low interest rate, you may not blindly agree. Make sure that they do not compensate for this favorable interest rate by increasing the associated costs. Just think of a more expensive debt balance or fire insurance policy. That is why it is better to sit together with a neutral partner who is knowledgeable.
Compare the different banks
Lender bank works together with all current banks. This means that we have a good overview of all interest rates, the associated insurance policies and the operation of credit institutions. In short: we are the ideal intermediary for finding your ideal mortgage loan.
Let’s sit together for a person-to-person conversation . Our employees are happy to talk about your current financial situation, your expectations and the opportunities that present themselves.