Home loans | The dynamics of housing purchase is increasing

Housing loans are still very popular among Poles when buying an apartment. Only in December 2019, calculated on a business day, banks and credit unions sent to Credit Checker inquiries about housing loans for an amount higher by 24.1% compared to December 2018.
Home loans – growing interest
In December 2019, a total of 30.6 thousand applied for a housing loan. clients compared to 25.5 thous. a year earlier – an increase of as much as 20%. The average amount of housing loan application in December 2019 was 288.1 thousand. USD. i.e. by 9% more than in December 2018.
December index value is 2.2 pp higher than in November this year. (21.9%). This is the second-highest reading after March (26.5%) in 2019. The December index value of + 24.1% was mainly due to an increase in the number of people applying for a loan (20%). In the period December 2019 – December 2018, the value of the average loan value also increased by 9%, which is a consequence of the increase in property prices – says, prof. Waldemar Rogowski, Chief Analyst of the Credit Information Bureau.
Therefore, a very high demand for financing of real estate with a bank loan remains. In the twelve months of 2019, nearly 450 thousand people have applied for a housing loan. Compared to the same period of 2018, it is more by 29 thousand, i.e. by 7%.
Mortgage transfer – refinancing
A very simple way to get the best mortgage is to transfer your mortgage – the so-called refinancing. This is a reduction in the cost of the current liability by transferring the repayment to another bank that offers better terms.
It should be emphasized that this is not a complicated operation, although it is practically connected with granting the loan again. Banks appreciate customers who duly pay their credit obligations, are more reliable than new customers.
Very often, refinancing loan offers have better price parameters than offers available for loans contracted for the first time. Although the refinancing loan has been available for a long time, it gained popularity in 2018.
For some customers, it has become a necessity. This was due to the fact that many loan commitments were incurred as part of the Good Finance program, which used additional payments for loan installments for a period of 8 years. The Good Finance (Family on its own) program operated in the years 2007–2013 and included 192,000 mortgage loans.