Paying off your home loan early can be a solution to reduce the monthly installment you pay for this burden. Find out how it works, as well as the advantages and disadvantages.
Three measures are at stake, now approved by the Council of Ministers, to help Portuguese citizens with their housing credit installments: the reduction and stability of the installment for two years, the extension and simplification of credit bonuses, and the extension of the suspension of amortization commissions. Find out if you are eligible and how to apply.
Making an early repayment of your mortgage credit can have several purposes. If you have a ready monetary value to invest or want to use your savings to apply to your mortgage credit, consider whether you want to reduce the current installment you pay or the term. Understand better in this article.
With the rise in interest rates, early repayment of housing credit was a popular option for the Portuguese in 2023 to avoid high interest rates. Check out the numbers.
Home loan renegotiations rise to 8.8 billion euros - a 5 times growth from 2022 to 2023. Understand better what is at stake, in the link below.
Until the end of the year, no commission is charged for early repayment of the home loan. Learn about the special regime and how much is charged outside of the current regime.
In 2023, it was possible to verify that early refunds and renegotiations significantly increased. According to the Bank of Portugal (BdP), this could be associated with the temporary suspension of fees. Understand better next.
It is the 9th time that the average interest rate on new credit contracts has decreased, dropping to 3.68% last June. Check out the statistics, then.
Learn how to partially or fully repay the debt of your home loan.
Are you getting an IRS refund? Learn how to use it to pay off your mortgage, reduce installments, or consolidate debts, saving long-term interest.
Repaying a home loan will remain exempt from early repayment fees in 2025 in contracts with a variable rate indexed to an Euribor rate, for any term.
The renegotiation of the conditions of a mortgage can be a solution for those seeking a lower installment. Find out how renegotiating a loan works and learn about the exception to the rule for 2023.
The return to school is approaching and this is a financially turbulent time for parents. But there are some strategies that can help you spend less money and not tighten your budget. Let's see which ones?
The terms PARI and PERSI refer to processes that banks initiate in order to prevent customer default on their loans, or to act after default. Understand better what they mean and how they work.
The European Central Bank (ECB) has announced a new increase in interest rates, which also leads to an increase in Euribor rates at various maturities. Therefore, Portuguese people with variable interest rates on their home loans will once again see their monthly payments increase. So, what options can we take to lower the amount to be paid for the home loan?