Want to have some new ‘positive vibes’ after your vacation? Have you begun dreaming about a new home? Then you must be curious about your options (because they are there) with the increased interest rate. Here you can read about what we see happening in the market, and what this means for you.
The market is starting to cool down
Thanks to the sharp increase in interest rates the market has cooled slightly. Also, people are over-bidding less. All of this creates more opportunities for you to buy your dream home.
Financial capacity
It’s true that the increase in mortgage interest rates has a negative effect on your future monthly repayments, and in turn the maximum of the mortgage. However, it is good to keep in mind that the current interest rate is historically at a “normal” level, when compared to recent years. Bear in mind, that although we cannot predict the future, we see the sharp rise in interest rates has started to cool down.
1-0 in favour of a moving arrangement
Do you already have your own home and mortgage with a favourable terms? It is often possible to bring your current mortgage with you when you move. This can be advantageous with the rising interest rates. You are literally 1-0 ahead of the people who need to apply for a mortgage for the full amount at the current market interest rate.
To measure is to know
Curious about your budget and mortgage options for your dream home? Contact us! We will map it out for you and we are happy to spar with you.
Do you have any questions?
