There are times in life when you need to spend time focusing on your mortgage. Have there been developments in your personal life? Or are there external developments in the market that could impact your mortgage?
In any instance, there is a lot that can be going on right now. Curious what this can mean for you? Then feel free to read on.
Why should you remortgage?
Interest rates have risen recently. This means for many people, that this is a time when they consider remortgaging. This is usually done for one of the following reasons:
- Better conditions (e.g. a more suitable mortgage type for your situation).
- Cheaper mortgage (taking into account any one-time remortgaging costs).
- More certainty for the future
- A higher mortgage for renovation options, or making your home more sustainable.
Why now?
Interest rates have been falling for a long period of time. However, since the beginning of 2022 interest rates have begun to rise. In this short period, interest rates have now reached the same level as we had in 2019. Despite this increase, it is good to bear in mind that the current interest rate is still very low historically.
The interest rate is an important aspect of your mortgage, as it also plays a large role in determining the amount on your monthly payments. Furthermore, it is predicted that interest rates are going to continue to rise soon. This is partly due to current world events, namely the impact of covid, and also the russian invasion of Ukraine. Keeping this in mind, it could be an idea to spend some time now to fix your interest at a lower level, for a longer period.
And how?
Does remortgaging sound interesting to you? Or would you like to have a clear overview of your options? Then, Klår is here for you. It begins with an extensive inventory of your current situation. Here are some questions to think about:
- How long do you expect to live in your current home?
- Do you have renovation plans?
- Would you prefer to have financial security or are you happy to run some risk?
With your input (from the abovementioned questions) we begin by delving into your current mortgage. Is there a penalty with your current lender (depending on your current interest rate and fixed interest period)? Are there any additional costs applicable (appraisal costs, notary costs, consultancy costs)? Finally, last but not least, we will present to you the possibilities with your mortgage structure.
We will be more than happy to discuss the possibilities presented with a “get to know you” meeting. Following this, you will receive a personalized overview within four days. With this, you have transparency and understanding. This way, you can focus on what’s important again.
Gain clarity, Get focus!
Do you have any questions?
