Change of risk class
The more you borrow relative to the value of your home, the higher the interest rate. The other way around is also the case, although not every lender automatically adjusts interest rates once the debt is lower. If you choose a party that does, you can save significantly over the life of the loan. Some parties expect you to keep an eye on the ratio of home value to loan yourself. We can monitor for you when it makes sense to make an adjustment.
Home Value
The current value of your home plays a role at the end of the fixed-rate period. Chances are your current lender will give you an offer based on the original value of your home. Because prices have risen sharply in recent years, your mortgage may put you in a more favorable risk class. So you can also save substantially by doing this.
NOTE: mortgages with NHG (National Mortgage Guarantee) are usually already subject to the lowest risk class.
Repayment-free loan portion
Do you have a totally or partially interest-free mortgage? If so, many lenders charge a hefty premium for this. Making a good comparison of providers then definitely pays off.
Mortgage refinancing is largely part of our daily practice. Want to know if it’s beneficial for you to do? We are happy to help.
