Refinancing your mortgage is worth it

Most people take out a bank loan to buy a home. The bank wants to be as certain as possible that the interest and principal payments on the loan will be paid on time and in full. They require security for this: a mortgage on the property. This is the strongest security right someone else can have. In the worst-case scenario, the mortgagee, the lender, often the bank, can then sell your home at public auction and be the first to receive the proceeds. Because of this security right, you do pay a lower interest rate.

It's also possible that you already own a home and have a mortgage, but you can get more favorable terms for a loan from another bank. In that case, you can remortgage the property and cancel the old one. This is called refinancing. Due to historically low interest rates, now is the time to consider whether refinancing your mortgage is worthwhile. Many have already done so.

So don't wait until it's too late. Come by or call us. The consultation is free. To schedule an in-office consultation or a video call, please call +31 (0)10 44 53 777. We look forward to seeing you.