Now That Interest Rates Are at Historic Lows It's Time to Refinance Your Existing Loans

Kamatne stope na bankama are currently at all-time lows. It's expected that they will remain so till the end of this year, with certain corrections in July.

If you're already a homeowner and you've been using a mortgage for a few years, it's likely that you have a higher agreed interest rate than the current interest rates on the market.

Recommendation:

Check your loan agreement to see if you've agreed on a fixed interest rate (for a certain period) or a variable interest rate
Check the height of the agreed interest rate

WHAT IS MORTGAGE REFINANCING? Mortgage refinancing means taking out a new loan to close the existing loan or change the existing loan conditions. Mortgage refinancing allows customers to find better loan terms on the market, not only with the bank that granted your current mortgage, but also with all banks on the market. Benefits of Refinancing:

agreeing on a lower interest rate
reducing the monthly payment (anuality or rate)
agreeing on a fixed interest rate
merging debt (putting multiple credits together into one)
paying off outstanding debt

Why Refinancing Your Existing Mortgage Now is a Good Idea The risk of increasing the monthly loan payment rate due to the announced rise in interest rates is particularly high for homeowners who have a variable interest rate mortgage, with approximately 39% of them (info from Croatian Association of Banks) being affected. Refinancing gives you the opportunity to replace a variable interest rate with a fixed interest rate, thus protecting you from increases in interest rates, agreeing on a lower interest rate, or changing the loan repayment term. Our credit mediation service offers you:

comparing the terms of multiple banks (e.g. nominal and effective interest rates, reference interest rates, duration of fixed interest rates, loan repayment term)
clearing up the loan terms until the end of the repayment term (e.g. loan terms after the end of the fixed interest rate period)
clearing up banking terms (e.g. intercalary interest)

Feel free to contact us: T: +3851 3820 050 Email: office@opereta.hr

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