still rise interest rates and result increase in monthly installments mortgage variables leads to a significant increase in loan repayments.
According to the latest data collected by iAhorro, the amortized balance of mortgage loans in February 2023 was 48% higher than on the same date in 2022.
And if someone is considering using their savings for a mortgage that they may have to reduce their debt to the bank, now would be the perfect time to do so because they will make a profit. More savings when Euribor is high.
Moreover, The less time has passed since the mortgage loan was signed, the greater the interest savings will be.Having the option to shorten the maturity instead of reducing the installment is the greatest benefit for the mortgagee.