Extended mortgages, with 4 years more savings on the installment of up to 500 euros: the best accounts and offers

The hypothesis of the government in the face of expensive mortgages

For anyone with a variable rate mortgage, the increase in the cost of money in the last year has had a disruptive effect. A loan of 190,000 euros over 25 years which started in August 2015 at a rate of 1.5% with an installment of 760 euros today you pay an amount of 1,226 euros calculated on a rate that has now shot up to 5.6%. A 30-year loan of 250,000 euros launched two years ago at 1% e initial installment of 804 euros today entails a rate of 5.2% and an installment more than doubled to 1,629 euros.

In the face of what is presenting itself as a social emergency the government would consider adding a new tool to the existing ones for those who want to escape the trap of variable mortgages that have become unsustainable: the possibility of extending the duration of the loan.

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