On this page we present what refinancing is. The purpose is to create knowledge of refinancing and provide an overview of the different loan options. We explain, among other things, how to refinance various types of loans, and what the benefits of refinancing really are.
LOANS FOR REFINANCING
Therefore, if you are considering refinancing your loan or just wanting more information on the subject, you have come to the right place. We will guide you through everything you need to know about loans for refinancing.
WHAT DOES ‘REFINANCING’ COVER?
In short, refinancing means that you have to restructure the financing of your existing loans. The term is used both in connection with refinancing of mortgage loans and in connection with the admission of bank loans and private loans. If you suspect that you are paying too much for your current loan, you should check the options for refinancing. With refinancing you can see if you can get a better interest rate on your loan from another lender. At Lothario, we help thousands of Danes every month find the cheapest loan on the market right now. On average, we save our customers for 15,000 when they collect offers through our platform.
REFINANCING THE REAL CREDIT LOANS
Refinancing is most often used in connection with the admission and renegotiation of the terms on a mortgage loan.
In Denmark you can get mortgage loans with both fixed and variable interest rates. Many choose to take the variable rate. This is also called a flex loan. These loans determine the interest rates for a specific period of 1 year on F1 loans and 5 years on F5 loans, for example. Here the term is used about the time when you have to lay down what kind of loan you have to have in the coming years.
REFINANCING TRADITIONAL LOANS
However, although refinancing is most often referred to in connection with mortgage loans, the same can apply to ordinary private loans, including classic bank loans. Here, it is basically about re-negotiating your current loan to see if you can get it cheaper. As with all other services, the terms are constantly changing within loans, so prices, interest rates and monthly services are far from written in stone, even though many believe it.