You have found your dream house or apartment, and all you have to do now is take out a home loan with your bank. This is the point at which you wonder: fixed or variable rate? Your Housing Advisor is best placed to offer you financing solutions suited to your plans and, above all, to your personal and financial situation.
After examining your application, the bank will offer you an interest rate for the redemption of your loan. This rate depends on the nature of the risk the bank bears, and the interbank refinancing rate. This refinancing rate fluctuates over time. With the choice between fixed and variable rates, you decide whether you want to follow these fluctuations in rates, or if you prefer to have the same rate over a set period.
- Flexibility for early redemption of part of the loan
- Certainty regarding the monthly repayments for the other part of the loan
As you can see, all types of interest rates offer specific advantages. Together with your Housing Advisor, determine the most suitable rate for your plans and your personal and financial circumstances.
Your monthly repayment has two components, namely: redemption of the borrowed capital and interest payments. Spuerkeess offers a degree of flexibility with respect to these two components
The Flexibility Loan reduces your monthly repayments and gives you greater flexibility when it comes to repaying your loan. It is a flexible formula that is suitable for all ages and all life situations.
For newly-active people, the Flexibility Loan makes it easier to become a homeowner by reducing the monthly repayments at the start of the loan.
For others, the Flexibility Loan provides for degressive monthly repayments, higher during working life and lower on retirement.
A bridge loan allows a home owner who decides to buy or build a new home to obtain a cash advance until the sale of his existing home is complete.
Loan solution pending the definite receipt of other funds, for example, a life insurance pay-out.
Do you need to continue paying rent, or repay a loan on your current home, while your new home is being built or renovated?
Spuerkeess offers the option to start repayments only once you have moved in.