Mortgage, how to lower the installment? Subrogation or renegotiation, ways to save (a lot) money Simulations
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Rates rise, what will happen to mortgages?
Those who took out a thirty-year variable mortgage at the beginning of 2020 in twelve months’ time risk paying more than double what they had paid out for the initial installment, if, as is possible, the Euribor will reach 4% by the end of the year . In fact, if the first installment was 653 in January 2024, it would pay 1,326. A nice rise, which not everyone had taken into account.
Those who have always chosen the variable rate, but with a twenty-year loan could get away with, so to speak, with an increase of 60% compared to four years ago: 1,537 euros against the original 911.
The flurry of increases in the cost of money decided in recent months by the ECB has led the Euribor, the parameter that serves as the basis for calculating indexed mortgages, to follow the same direction. And it’s not over yet, because a further increase of 50 cents is expected for March, which could be followed by others.
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