Search results

@evietheturtle Because those rates are still better than CZK mortgage rates

@evietheturtle Euro. Indeed, it's high, those are rates offered by a Czech bank (well, the Czech branch of Oberbank). Since they are currently the only bank offering eur mortgages here (you must have income in euro to get one) they can ask higher rates.

@resjudicata That's the thing, whatever % will be the offered at that moment. That's how mortgage rate fixation works

@roger71 Do you also get eurozone rates or is it based on the rate set by the Croatian central bank?

@roger71 It is - I am in Czechia where there is only one bank offering mortgages in € (for customers earning in Euros). Since this is still a lot lower than CZK mortgage rates, they can get away with it

@ee001 I have, as I wrote it's 2000€ max to repay early - or do you mean something else? As for the period, a longer fixation always means a higher rate - if you mean the overall duration I am already looking at a 30-year mortgage, my question is about the interest rate fixation period actually.

@willumg Wait what do you mean?

@synthman Pretty much, but not only :) I guess I am also asking about whether people think that .6 percentage point (or 9.5k euros) difference is a reasonable price for more security

I am planning to buy a flat and I can take a 30-year mortgage at either 3.5% pa fixed for 5 years or at 4.1% pa fixed for 10 years. If I take the higher interest rate, the difference in absolute terms over the 5-year period would be around 9,500€ (i.e. what I'd pay extra over taking the lower...