Author: Overpayment Calculator
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Comparison of refinancing and mortgage overpayment options
The decision to optimize the costs associated with a mortgage loan is an important step on the path to financial stability. In this context, property owners often face a dilemma: which is a better solution – refinancing the loan or overpaying it? In this post, we will look at both options, their advantages, disadvantages and…
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How Changes in Tax Regulations Can Impact the Mortgage Market
The introduction of new tax regulations can significantly affect the real estate and mortgage markets. In this article, we will explore how recent changes in legislation might impact the availability and cost of mortgage loans, drawing on specific examples of new regulations. New Tax Regulations Recently, governments in many countries have implemented changes to tax…
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How the Mortgage Loan Repayment Length Affects the Rate of Installments: Analysis and Examples
The length of the mortgage repayment period is one of the key factors that affects the amount of monthly installments. The choice of the loan repayment period has a direct impact on how much of the borrower’s monthly income will have to allocate to repay the loan. In this article, we will look at how…
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Financial independence by paying off your mortgage faster: An action plan
Financial independence by paying off your mortgage faster: An action plan Achieving financial independence is the goal of many people who want to live on their own terms. One of the key steps in this direction may be to pay off your mortgage faster. Why? Because monthly mortgage payments are often one of the largest…
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How Interest Rates Affect Creditworthiness and the Mortgage Loan Amount
Interest rates are one of the key factors influencing the credit market, having a direct impact on the creditworthiness of people applying for a mortgage loan and the total amount of credit they can receive. In this article we will look at how changes in interest rates can affect potential borrowers, increasing or decreasing their…
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Types of Mortgage Loans: Fixed vs. Variable Interest
The decision to choose a mortgage loan is one of the most important financial obligations that people planning to buy a house or apartment may face. Different types of mortgage loans offer a variety of repayment terms, including differences in interest rates – fixed and variable. Understanding these differences is crucial to making an informed…
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Mortgage overpayment in 2024.
Overpayment of a mortgage loan is one of the mechanisms that can significantly affect the household budget, especially in the context of the changing economic situation in Poland. In February 2024, with inflation falling to 3.9% in January and projected interest rate cuts by the National Bank of Poland (NBP), overpaying mortgage loans may become…
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A guide to the effects of overpaying your loan on your budget
Overpaying your mortgage is a decision that can have a significant impact on your personal budget and overall financial situation. Many people consider this option, striving to free themselves from their liabilities faster and reduce the total interest. In this guide, we’ll look at how overpaying your loan affects your budget and what benefits and…
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How to negotiate the terms of loan overpayment with the bank?
Overpaying your mortgage is a great way to reduce your overall interest and achieve financial freedom faster. However, not every bank automatically accepts an overpayment, and some institutions may impose additional fees. Therefore, it is important to effectively negotiate the terms of the overpayment with the bank. Here are some tips on how to approach…
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Planning for long-term savings by overpaying your mortgage
Achieving financial stability and building long-term savings are goals that many of us strive for. One way to speed up this journey may be through a mortgage overpayment strategy. In this post, we will discuss how overpaying your mortgage can help you build solid savings for the future and what steps you should take to…
