Reply To: Foreign Currency Mortgages

#75302

Anonymous
Participant

The catch is, that your debt increases in euro’s if the foreign currency increases in value. Can you imagine the fun, if your mortgage goes from 400.000 to 440.000 just because the yen increased

Because you have the ability to change currency each quarter at no cost your expose ever is only the current quarter due. for a small fee an insurance is avaialble from the bank to cover this. you can also request to be notified of currency and interest rate fluctuations.

In practise it is for the financially sofisticated

Currently 90% of mortgages being done by this bank are nulti currency so I guess 90% of the people are financially sofisticated 😉

but the minimum amount of mortgage amount have to be in millions including portfolio

Minimum 150,000 euros