Look beyond rates.
Everywhere, progressive increases in the cost of credit are being announced. These repeated hikes can feel like a never-ending cycle, causing concern for homeowners approaching mortgage renewal. Yet, this situation also presents opportunities. By broadening your perspective and not focusing solely on interest rates, the situation no longer seems catastrophic. Naturally, securing a low rate is always preferable, but given current trends, it is prudent to adapt.
The Plus Real Estate Financing experts at your service.
Let’s take an optimistic view and explore the advantages of this economic climate. Real estate financing is a market like any other, governed by supply and demand. Currently, buyers are cautious, and agencies face challenges selling properties, making it harder for banks to attract borrowers. Moreover, mortgage lending is widespread, and banks now face intense competition from insurance companies, pension funds, and digital-only players.
It is therefore highly advisable to consult multiple stakeholders to fully leverage competition and negotiate the best possible rate. This is precisely the strategy the experts at Plus Real Estate Financing employ daily. As fully independent advisors, they continuously monitor all market offers to identify the most advantageous solution for each client.
Fewer taxes!
Another positive aspect is that, depending on your amortisation, your outstanding debt may have decreased. Consequently, interest is calculated on a lower principal, reducing your monthly payments. Additionally, during renegotiation, you might choose to increase your loan to fund renovations, such as upgrading to an eco-friendly heating system or installing photovoltaic panels. Increasing your indebtedness can reduce taxable income while simultaneously enhancing property value.
There is no shortage of strategies or opportunities when you take a step back and view the bigger picture. What is essential is to consider all options, rule nothing out, and carry out a thorough comparison of the available solutions. To help you navigate this process and gain clarity, the experts at Plus Real Estate Financing offer free, no-obligation consultations, either virtually or in person.
A 15-minute video call to review your personal situation
In just 15 minutes, our experts will answer all your mortgage-related questions in clear, simple terms. Book a slot from the comfort of your own home and gain the full expertise of Plus Real Estate Financing to analyse the market, review your situation, and evaluate the best solutions for you. By the end of the meeting, you’ll have all the information needed to make confident decisions for the years ahead. Plus Real Estate Financing is ready to assist you with your next mortgage renewal, effortlessly and efficiently.
