This is what many are doing with their mortgage with the rise in Euribor: it’s time

by time news

2023-05-19 15:53:18

The constant rise of interest rates and the consequent increase in the monthly installments of variable mortgages is causing a considerable increase in loan repayments.

According to the latest data collected by iAhorro, in February 2023 the amortized balance in mortgage loans was 48% higher than on the same date in 2022.

And if someone was thinking of using the savings they may have to lower what they owe to the bank for their mortgage now would be the perfect time to do it because they will get a savings bigger since theeuribor is high

In addition, this savings in interest will be even greater the less time has passed since the signature of the mortgage loan, and the option of shortening the term, instead of reducing the fee, is the one that brings the most benefit to the mortgagee.

#mortgage #rise #Euribor #time

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