Housing prices have gone through the roof. This means the interest rate of your mortgage could go down. Let us explain how that works!
Five years ago, you paid on average €250,000 for a property. In 2021, you pay about €100,000 more! As a result, you could pay less interest on your mortgage, money you could spend enjoying the things that really matter to you.
The interest charged on your mortgage consists of a base rate and a surcharge fee. This is specifically the case for mortgages without National Mortgage Guarantee (NHG). You often pay a surcharge fee if your mortgage is 40% or 50% higher than the price you paid for your property.
The more you have borrowed for your property, the higher the surcharge fee. If you have financed your property for 100% (or more), your surcharge fee could go up to 0.6%. This means that on a €250,000 mortgage, you are charged an additional €1,500 interest per annum.
The less you have borrowed for your propery, the lower the surcharge fee. This percentage will change if your property goes up in value, if you have paid off part of your mortgage or if you have invested in, for example, solar panels. Your surcharge fee can go down, which will result in a reduction of your monthly charges.
Vixx can obviously help you with this. We will also help you find the most suitable solution for you. There might be more possibilities than just reducing your surcharge fee.
As you have read, a reduction of your surcharge fee could save you a lot of money. However, it does take a bit of time. Getting an experienced consultant involved is a sensible decison and will make the entire process a lot easier for you. Vixx knows exactly what the possibilites are and can find the right solution for the challenge(s) you are facing. We are happy to help!
Using the Vixx Mortgage Update, we can calculate what the best solution is for you. This calculation is free of charge and non-binding.About Vixx Hypotheek Update