What currency do I get the best home loan

What currency do I get the best home loanYou already know what installments should you choose, but it still remained the question of the currency in which mortgage will be repaid. Until recently, you had a few currencies to choose from: mortgages in Swiss Francs, Euro, dollar, and of course in our domestic currency, which is Golden. The current economic situation and the uncertainty in the financial markets caused the banks are moving away from foreign currency loans.You already know what installments should you choose, but it still remained the question of the currency in which mortgage will be repaid. Until recently, you had a few currencies to choose from: mortgages in Swiss Francs, Euro, dollar, and of course in our domestic currency, which is Golden. The current economic situation and the uncertainty in the financial markets caused the banks are moving away from foreign currency loans.

Once the cheapest mortgage could be obtained in Swiss Francs and unnecessary was this high creditworthiness . Currently, banks moved away from mortgage lending in the currency. Currently incurring debt in foreign currency is much more difficult. To obtain such a loan, you need to have as much as 20% more creditworthy than the case of benefits executed in our native currency. What characterizes the credit rate ? First of all, it is cheaper than złotówkowego because its interest rate mortgage in euros or francs is simply lower. The situation did not change even after the Polish accession to the Eurozone, when we receive the payment and shop in Euro.

The loan rate, which is the cheapest home loan with the highest risk

If so beautifully, there must be a catch. A and yes, like every coin, so mortgages in foreign currencies have their two sides. In addition to all these advantages, they have one major disadvantage: are subject to the risk of exchange rate fluctuations. If gold is weak relative to the currency in which enlisted a mortgage loan , the installment strongly increases. The question therefore arises: which form of loan to choose? Pay less interest-bearing loan , the monthly payment will vary depending on the exchange rate , or choose your currency and be quiet at the expense of higher commitments? This issue must be resolved individually, because it is dependent on the knowledge that a borrower on the financial markets, its financial situation, temperament, character, and many other factors.