Which is the best home loan now?

Those who are taking out a home loan are doing well. In many ways, but the most compelling reason is that mortgage rates have fallen in several financial institutions in January 2019.

The options are there, the decision is yours to choose from the banks offer the one home loan that suits you in every way! And here’s the magic word! You have to find eg. $ 10 million over 20 years, e.g. It is the most optimal for 5-year fixed rate loans, because in this case the difference between the monthly offers is HUF 13 thousand and the repayment can be HUF 4 million.

 

You need good credit brokerage advice

You need good credit brokerage advice

So that after comparing thousands of products from over 30 credit institutions, you can safely choose the credit product that fits your situation exactly!

The year 2019 has begun and we can see that many banks have reduced their interest rates, particularly on longer-term products for qualified consumer loans.

For example:

  • The CIB 5pcs qualified consumer-friendly home loan reduced its transaction interest rate by 0.30% on average, saving over HUF 200,000, while
  • Interest rates on Konsul Bank’s “weakest” customer loans also fell: 0.02% for 5 years and 0.06% for 10 years.

For example, what is the difference between the most favorable and the most expensive home loans in full repayment: Monthly installments from $ 53,484 to $ 68,852, from the floating rate to the fixed rate, the top 3 offers.

Our example is a 10 million HUF loan, 20 year term, 400 000 HUF income, bank arrival, active card use, 15 million HUF real estate collateral!

Another example is a 15 million HUF home loan, 20 year term, 600,000 HUF income, bank arrival, active card use, 40 million HUF real estate security!

Based on the numbers above, it can be claimed that a well-chosen personalized home loan can save you millions!

 

Decision is yours to choose from the banks offer the one home loan that suits you in every way

home loan

It has also been revealed that in the long term, fixed mortgage loans and rating systems designed for qualifying consumer-friendly home loans will increasingly take the lead in the market.

If you are looking for a home loan, are interested in CSOK options, or are looking for qualified consumer friendly loans, then call our credit broker to help you make a professional decision!

Fill out our form, we’ll call you back!

Changing from variable to fixed for a safer home loan!

New mortgage loans now have the majority of well-balanced, predictable installments that provide security over a fixed period of 5-10 years or even the end of the term.
The situation is different with running home loans, including many floating rate loans, which keep the home loan contractor uncertain for many years.

Existing schemes, which have variable interest rates, can be made more secure by the method of loan redemption.

Help with the redemption of loans is the fact that this solution is not subject to stricter rules for new home loans, but only if the interest period of the newer loan is longer than the previous one.

According to experts, we can convert a floating rate home loan with a debt of HUF 8 million, which can change every few months, into a fixed monthly loan of HUF 53-55 thousand!

They also added

  • “That clients planning a loan redemption should not only inquire about the terms, the cost of the loan redemption at their own bank, but it is also advisable to examine the designs of other banks.”

According to a credit calculator website, the change in BUBOR, the interbank interest rate for variable-rate home loans and their repayment installments, significantly affected the installment installments compared to January.

Due to the changes in the interest rate environment, interest rates are expected to rise, which also attracts the repayment of the already short-term floating rate mortgage loans, so they are expected to rise.

Reduce risk!

Reduce risk!

Almost 70% of new home loans are fixed-rate home loans, providing significant security against any change in the interest rate environment!

There are still tens of thousands of people with floating rate mortgages out of the total loan portfolio. Even when converting foreign currency loans into forints, there were plenty of people who opted for a variable interest period instead of a fixed one.

According to credit experts, the solution is

bank

From October 1, the rules for new home borrowing will be tightened.

  • “For less than 5 years, the repayment installment of a fixed and variable interest rate mortgage loan will not be higher than 25-30% of the monthly net payment.
  • In the case of fixed-term home loans for 5 and 10 years, the new rules set limits of 35% and 40%, which are now 50-60%
  • modification of home loan agreements and redemption of loans will be possible if the interest period of the new loan is longer than before.

This will encourage loan replacements

bank

Contract changes, in the hope that customers will swap loans for a safe and fixed period.

All solutions should be carefully considered, depending on your financial means and your living situation, you should choose from the options of home loan, loan redemption and contract modification.

Therefore, contact our credit specialists, our credit counselors, who will provide you with extensive information on available, personalized credit options.

A banker mortgage

Want to buy a house and take out a mortgage

Want to buy a house and take out a mortgage

If you want to buy a house and take out a mortgage for this, then this is a form of borrowing money. With a mortgage you can buy the property that you have in mind.

With a mortgage, your new home is the collateral. The amount of a mortgage is again based on your income, the purchase value of the house and the amount of interest that you pay on the mortgage.

With a negative Banker code, it is much harder to take out a mortgage. All loans that you have taken out are registered with the Banker. It is also stated here whether you have payment arrears. If you have arrears, then you often have a negative Banker coding. This means that it is difficult for you to meet payment obligations. With this coding it is often difficult to take out a mortgage. This is then only possible at one of the few financial institutions that do not perform a Banker test.

The interests of a Banker mortgage

The interests of a Banker mortgage

In the Netherlands there are a number of organizations where you can take out a mortgage with a negative Banker code. These are often lenders who do not have a license. Borrowing money from unauthorized lenders is often not without risk. Even though it becomes a bit easy for such organizations to take out a mortgage, you still have to meet a number of requirements here. For example, you must have a minimum fixed income. To find out whether you can take out a mortgage at such an institution, it is recommended that you first request a quote. You then make an appointment for an extensive interview. Based on this interview, the consultant will prepare a quote that you can agree with. This way, you can still take out a mortgage with a negative Banker code.

Borrowing money from lenders without a license is strongly discouraged.

Advice on taking out a Banker mortgage

Advice on taking out a Banker mortgage

If you have a negative Banker code, it is a risk to take out a mortgage. Before you do this, it is advisable to first list the pros and cons. Borrowing money from a financial institution without a license can cause some risk. This way the interest rate can suddenly rise. It is therefore wise to take out a mortgage with an authorized lender.

For more information about taking out a mortgage, it is best to make an appointment with an independent adviser or with a bank to get more information and insight into the options. It is also a tip to compare quotes. This way you can take out the most affordable mortgage that suits you. Just like other loans, a mortgage always costs money.