The 0% interest on a home loan or mortgage only applies to people who have taken out a variable loan. How did that happen? In Belgium, these variable loans are linked to Belgian treasury certificates.
Couples or people who have taken out variable loans
These have a duration of 1 year. The reference index is published monthly in the official Good Credit and dipped below 0 from this month. As a result, the variable interest rate on the annually adjustable mortgages falls and is finally ended at zero. A negative interest does not exist. So you can’t earn money from a loan.
Couples or people who have taken out variable loans that can be adjusted annually in 2005-2006, now pay 0.0% interest, just like the government services. This means that these people are currently only paying off capital.
New mortgage or home loan?
Although it was advantageous for these people to take out a variable loan over time, the interest rates are clearly at the lowest point. If you now take out a mortgage for your home loan, you can opt to take out a home loan with a fixed interest rate. Those interest rates are slightly higher but, so to speak, cannot really be lower. We are now really in a valley. So now you close a limber with fixed
interest, you can enjoy little interest repayment during the entire term of the home loan. When we know that there will also be changes in the housing bonus since 2015, that is not a bad option.
How quickly compare home loan?
Comparing home loans takes a lot of time. That is why you can opt to request different mortgage quotes at the same time. Have you found some interesting mortgage providers, can you provide personal information yourself and decide which home loan suits you best.