Surcharges on forward Personal Payday loans could increase significantly

Surcharges on forward Personal Payday loans could increase significantly

The financial problems of the so-called PIGS countries are far from over. At present, Ireland is again a big topic: the country urgently needs a billions in funding, so that the national bankruptcy fails. Because economically strong countries such as Germany and France contribute significantly to the support of the troubled countries, this has an effect on interest rates.

This interest rate trend has not left its mark on mortgage rates

In recent days, several interest rate experts have commented on this issue and are largely in agreement on this: long-term interest rates will rise significantly in countries such as Germany and France. This interest rate trend has not left its mark on mortgage rates – many experts are also expecting an increase in this interest rate area. Especially long-term interest rates are expected to pick up.

Interest rate of the loan

Interest rate of the loan

Such an increase would have a particular impact on the area of ​​forward loans. If long-term interest rates rise, this will affect the so-called forward premiums. These in turn have an influence on the interest rate of the loan: the longer it takes for the actual loan to be called up, the higher the premium will be.

Currently favorable mortgage rates for their follow-up financing

Currently favorable mortgage rates for their follow-up financing

Interested parties who want to secure the currently favorable mortgage rates for their follow-up financing should therefore not wait too long, but instead consider whether they want to conclude now.

Because if the interest rate markets tightened, this would be twice as expensive. On the one hand, the loan interest rate would rise, on the other hand, the forward premiums, which ultimately leads to a much more expensive financing.

In particular, if the follow-on financing is due within the next 12 months, it would indeed be worthwhile to act now.


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