In the media, there is constantly interesting news about what will happen to lending. “Even tightening is expected,” expensive real estate surely you’ve heard some news. On the other hand, there are “never seen grants” and “free millions are flying.” So what is the truth now? Let’s find out what’s going on. And, is it worth borrowing now?
Why the conflicting news?
It is said that if the wind is not blowing, the hoar will not rattle. Lending has been going through a kind of golden age for a number of reasons. First and foremost, the low interest rate environment is attractive, as current payday loans are much cheaper than, say, a good 10 years ago.
This is mainly due to the fact that in the past the Mary Bank base rate was up to 7% (or even more expensive), whereas today it is (still) 0.9% . Since this number is one of the bases for credit rates, it is clear why payday loans are so cheap now.
but subsidies enter. Whether it’s the Family Protection Action Plan, especially the Baby Waiting Loan, or the CSOK, all of these can be great benefits. However, real estate sellers are also aware of this, and so to put it nicely, they will have a slightly thicker pen.
Why not worry?
A significant advantage over the past is that loans are borrowed on a forint basis rather than on a CHF basis. So we have no foreign exchange risk, which is a huge benefit. Many people could talk about it.
On the other hand, the time has not come yet when it comes to raising interest rates, so we still have the opportunity to get cheaper credit. In fact, as we wrote earlier, there is a way to replace our existing more expensive credit with a cheaper one now available.
It is precisely for these reasons that we do not need to panic, but to seize the opportunity that remains when thinking about buying real estate. Even if you are not affected by the Baby Loan, you need not worry. After all, not all real estate prices have skyrocketed. And while the said credit is indeed very good, the Qualified Consumer Friendly Home Loan is not bad either, so there are opportunities for those who are not planning to have another child.
Credit calculation is the key
There are a lot of things you can do with the calculator of credit , let’s do it! We will immediately see that loans are not really expensive right now, so that cannot be a barrier to getting a new home for your dreams with credit.
In the case of a loan redemption, the calculator is the same. We have written several times that you do not have to worry about paying for an older expensive loan at this time, but to redeem it. It can be seen that even without subsidies the time is good. Of course, having a debt of around 10 million forints and getting a baby loan can go really well. Again, we can only say that we do not have to deal with screams but to act! After all, it’s good time to take out a loan.
It may be interesting to see what the Baby Loan loan is used for . Because of its volume, we primarily recommend that you invest in a property where your baby will arrive.
Together with CSOK, it really represents an opportunity for young people planning a family that may not have been seen before. It’s worth living with.
We have repeatedly written that it is good to hurry but not to hurry. We would like to draw attention to this again. To prevent error from slipping into the process, contact us! Our experts will provide you with the most accurate and effective assistance in borrowing.