The interest rates and payments on your current loan might increase.
New loans can be more favorable and better than your current loan at certain times.
You might need additional funds for renovations or property purchases, and refinancing is one option to access those funds.
Refinancing of housing loans
It is much more common today to refinance housing loans than before, as the loan market changes rapidly. Since the year 2000, Icelanders have gone through three economic downturns. All of this had a major impact on property prices and the loan market. In such cases, it is good to have the knowledge to respond.
To understand your options for refinancing, you need to keep the following in mind:
1. Where do you have ‘borrowing rights’?
2. What loan options are available?
3. What loan terms are available?
Here is a short video that better explains what to consider when refinancing.
The process is very simple
1
Farðu
í Húsnæðislánareiknivél Aurbjargar
2
Veldu Endurfjármögnun
og veldu þau lán sem þú vilt endurfjármagna
3
Skoðaðu ódýrustu lán í hverjum flokki
annarsvegar lægstu mánaðarlega greiðslu og hinsvegar lægstu heildargreiðslu
4
Skoðaðu öll lán
Þar fyrir neðan birtist svo lengri listi yfir ýmis lán sem þú getur svo raðað upp eftir lánveitanda, tegund láns, vaxtategund og greiðslum.
Benefits of subscribing to Aurbjörg
Refinance your current housing loan. The calculator can explore options for refinancing one or more loans.
Compare all Icelandic housing loans in one place.
You can easily view both indexed and non-indexed loans, as well as compare different monthly and total payments.
You can filter the results based on various criteria, such as lender and interest type.
Join and save today!
Don’t miss the opportunity to save money! Sign up for Aurbjörg’s basic subscription now and start taking advantage of the Housing Loan Calculator’s benefits.
