Considering a mortgage and worried about high rates? They won't be around forever!

Let's first simply say why mortgages have become more expensive and are not easy to get today. We are facing high inflation, that is, a wave of rising prices, with the price of food, energy, materials, rent and many other items going up.

The mortgage market is constantly evolving and rates as high as they are today won't be around forever, according to some forecasts we should be close to the peak. If you can manage to pay your mortgage with today's rates, you'll be better off in the years to come as rates fall. And even if you lock in a rate for a longer period, you can negotiate with the bank about the rate. Banks have an interest in keeping good clients and will usually accommodate you.

Even though six per cent rates are not low, with inflation in double digits today, even such a mortgage still makes economic sense. While inflation reduces the value of savings and we buy fewer things with them, in the case of loans it plays to the borrower's advantage because the real value of the debt is reduced by inflation. Another argument for buying your own home is the rising cost of commercial rents, which will take a bite out of your budget. In major cities, for example, they have risen by more than 20 per cent year-on-year.

Bottom line. If you need to address your housing needs, have savings and a property lined up, we wouldn't put off buying now with the help of a mortgage. Yes, you will have higher repayments for a while, but these are highly likely to reduce in the future. In addition, if you use our services to arrange a mortgage, you will not just have someone on your side to "sort out the paperwork" for you, but a partner who will sit at the same table with you and be there for you for as long as you are paying the mortgage.