Many are expected to renegotiate their fixed loans after a period of high inflation and high interest rates.
Many people ask themselves the question whether it is best to commit the loans or invest in flexible ones.
Savings economist Christina Sahlberg explains how you should think as a private person.
– Looking over time, it has almost always been best to be mobile.
There is a lot of talk that those who had fixed interest rates stand out as winners among borrowers, which attracts many to fix their interest rates, but savings economist Christina Sahlberg explains that this only applies to those who fixed at exactly the right time.
– Many bands many years ago and then they have paid too much until now. So looking over time, it has almost always been best to be mobile.
Unsafe location
At the moment, we are dependent on the US and Europe and what they will do with the interest rate, which makes the situation very uncertain. And it is likely that the banks have set excessive prices precisely because it is so difficult to know what will happen.
– If you want to commit because you want to feel safe and want to know what you pay every year or every month, I would recommend committing for a year, says Christina.
The banks have to guard themselves so that they make money even from fixed interest rates, which means that you probably won’t make money by fixing the interest rates, but it can provide a certain security and stability.
Some divide and have some parts of the interest rates fixed and some parts variable. The disadvantage of this is that you are then stuck even with your variable part with the bank where you tied. And then you can’t change banks if the interest rate rises a lot at that bank, explains Christina.
– I would recommend everything movable or everything tied but in a slightly shorter time. If you want to have everything flexible but save a little, you can save some extra percentage in an account so you have it if the interest rate goes up.
This is how you negotiate
With the renegotiations, some are falling out of their favorable fixed interest rates. Christina says that even though it will be a super tough year, there are things you as a consumer can do to influence your interest rate.
– Firstly, you must negotiate the interest rate and not just accept the interest rate set by the bank. Look at the average interest rates and see which bank offers the best interest rates or make demands on the bank you have. Also review all fixed expenses you have, maybe skip the trip this summer and save money now. It will get better later.
In addition, Christina emphasizes that you must be very tough on the banks, which have not earned this much on our mortgages for a very long time.
– If they can’t match – switch banks, it’s not that complicated, she says.