Two Danish banking institutions introduced mortgage discounts at the beginning of August which were therefore favorable to clients, they made headlines that are international.

On Aug. 7, Nordea Bank Abp announced that it could be providing 20-year fixed rate mortgages at 0%. Previously that week, Jyske Bank A/S, one of many biggest banking institutions in the united states, unveiled that it could additionally be offering mortgages at a dramatically reduced price: for a 10-year home loan, clients would taking a look at -0.5% interest. Yes, that’s a minus indication.

Home loan prices have actually a large effect on exactly how much property owners wind up spending money on their homes, therefore it’s no surprise that a home loan deal that’s totally free of great interest costs is big news. Continue reading →