Based on a news article released by Notícias ao Minuto, João Pedro Oliveira e Costa, president of BPI (partner bank of Poupança no Minuto), believes that only families in difficulty should join the fixed monthly installment regime for housing credit - a government support measure. Let's see why.
One of the measures taken by the Government to support Portuguese families with their home loans involves freezing the monthly installment at a fixed value for two years. However, the differential amount will have to be repaid...with interest, as warned by the Bank of Portugal.
The Euribor rates have risen again in October, which will now be reflected in the monthly installments of Portuguese home loans. See how much it can increase and learn a way to avoid the hike.
Do you want to fix the installment of your mortgage with the government measure? Your bank may request additional data before sending you the plan. Find out what it is, and if there is another way to fix your installment, then.
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.
Data shows that the home loan installment increases again in December, but not as significantly as the increase in November. There is a slowdown, although a decrease is not yet expected. Read the simulations and see how you can lower your monthly home loan installment.
According to Eurobarometer, 83% of the Portuguese respondents believe that their standard of living will worsen by 2024. So, how can one protect themselves from this prediction if they have insurance and loans?
For those who have contracted the three-month Euribor on their variable rate mortgage, in December and January they will begin to feel a slight reduction in the monthly installment they pay. This is because interest rates have already reached the maximum limit. Understand better when each term begins to impact the house payment.
For those with a variable interest rate housing loan, 2024 brings good news: an expected relief in Euribor rates for three, six, and 12 month terms. Find out when.
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.
The request can be made until March this year, and entitles you to a fixed amount of monthly installment in home credit. Learn how it works.
Notice the data released by the National Institute of Statistics (INE) and learn how to download your home installment.
Do you have a mortgage with a variable rate? Then find out if your monthly payment will decrease at the next review.
The government's measure to set the monthly house payment did not cover all contracts that would be eligible for the process. Find out why and how to fix the installment in a different way.
Do you have a mortgage with a variable rate linked to the Euribor? May brings good news! You may feel relief in your monthly installment reviewed this month of May. Check the simulations below.