Has Euribor been your worst nightmare? If you have a housing loan with a variable rate, this rate has been the reason your monthly installment has increased. We will explain why, below.
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?
The issue arises within the scope of the legislation of the new Government measure to support the Portuguese with their home loans, fixing and lowering the monthly amounts. Find out if you have already been or are currently under the PARI program with your mortgage, you can join the support in question.
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With the January revision to housing loans with variable rate indexed to Euribor, Portuguese repayments will rise again, but it is the least significant increase since 2022. Find out the numbers at stake, and how to effectively reduce the installment.
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If you have a mortgage with a variable interest rate regime, indexed to the three or six month Euribor, it's official: you will see your monthly installment slightly decrease in February. Understand the values at play.
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If you have a housing loan linked to the three, six, or 12-month Euribor, you will feel relief in your monthly installment. Find out what the impact could be.
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The issue at hand is reductions that can amount to €100 monthly.