Is it wise – and advantageous – to extend or adjust your mortgage now, because of the low interest rates? Or is it better to wait? Freek Hypotheek gives advice.
Will interest rates remain low?
You should benefit as much as possible from low mortgage rates. But how long can you extend your current mortgage and enjoy a low monthly amount? Have you recently bought a house, then you have already benefited considerably from the low mortgage rates. But if your mortgage has been running for ten or twenty years, it is a different story.
How long does this interest rate last?
If we knew it, we would tell you right away of course. Still, we can assume that interest rates will remain low because the European Central Bank pumped a lot of extra money in the economy. Because the economy is growing considerably, the expectation is that interest will only start to rise from next year. So the mortgage rate too. Note: of course unforeseen circumstances can throw a spanner in the works.
Take advantage now
Has your mortgage been taken out with a higher interest rate than today? Or will the term soon come to an end? Then it is advisable to see if you can save money. Make an appointment with Freek, for example in Eindhoven or Utrecht. We will be happy to see what your savings options are.
- Freek Hypotheek
- 15 februari 2018