Save up to 60% on your Mortgage Life Insurance
With interest rates rising and, consequently, the value of your monthly mortgage instalment, it's time to review your credit life insurance. You could be in for a real surprise with what you save.
Deco in its article - Will mortgage interest rates rise? confirms that the Euribor is already positive and the monthly instalment on mortgage loans will rise. It outlines some scenarios:
Are mortgage instalments going up?
Yes, as the instalments are revised in the coming months, depending on whether the contract was negotiated with Euribor 3, 6 or 12 months. Here are some scenarios we simulated for consumers with mortgage contracts with a spread of 1% and a 6-month Euribor.
100,000 euros over 30 years
Average instalment with Euribor 1%: 369.62 €
Average instalment with Euribor at 2%: €421.60
150,000 euros over 30 years
Average instalment with Euribor 1%: 554.43 €
Average instalment with Euribor at 2%: 632.41 €
200,000 euros over 30 years
Average instalment with Euribor at 1%: 739.24 €
Average instalment with Euribor at 2%: €843.21”
Faced with this increasing scenario, it is essential to review the conditions of your Life Insurance - Home Loan in order to be able to balance or at least mitigate your instalment.
We'll do the maths with you. Contact us:
📞+351 21 413 13 10
We'll give you the simulation on the spot.
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