Home buyers can borrow more again. Mortgage rates have fallen.
For six weeks now, mortgage rates have been falling. Data from De Hypotheker shows that interest rates are currently back to their January 2023 level.
Lower mortgage rates mean homebuyers can borrow more. Exactly how much more you can borrow depends on your income.
In fact, it is currently interesting to opt for a mortgage with a longer term. Interest rates are extremely close now. If you take out a mortgage with a longer term now and you are going to move in 10 years anyway, there is no problem. If mortgage rates did go up by then, you can take your lower rate with you. And if the mortgage rate does go down at that time, then you can opt for that lower rate. However, you should bear in mind that the mortgage interest you pay over a longer term will be higher. Therefore, get proper information from a mortgage adviser.
Free consultation with Libero Expats
Schedule a free consultation with Libero Expats. Our mortgage advisor will help you decide which type of mortgage and term suits your situation.