It's time to renegotiate your mortgage

Mortgage rates have been trending downward for several months, and the real estate market is easing somewhat. But the environment is uncertain, so it's important to seize the opportunity.

After months of decline, given the international situation, mortgage lending will soon rebound, as we find ourselves in a highly uncertain environment. In May 2025, the average rate will be 3.25% over 25 years. But that's an average; you can get 3% or even less if you have a good profile. So there's a window of opportunity that shouldn't be missed.

Also, be aware that the closer we get to summer, the more buyers and transactions there are, and therefore the tougher the competition will be. Especially since the PTZ, the zero-interest loan expanded since April 1st, there are new buyers.

What should you consider before renegotiating? You should check whether your contract includes fees and whether it's really worth it for you. For it to be profitable, you must be in the first third of your loan. The difference between the old and new rates must be at least 1 percentage point.

To put it simply, according to the website meilleurtaux.com, " anyone who has borrowed more than 250,000 euros, at more than 4% or just below 4% (often loans from 2023 to 2024) over at least 20 years, should go for it, the operation is profitable." Otherwise, it's not worth it.

You rarely get a very good rate by staying with your bank. You have to play the competition. If you don't want to deal with it yourself, you can use a broker, who knows the market inside out, the establishments that will make you attractive offers based on your profile, whether you're young, older, have a precarious income, or have savings or not.

The broker will help you, for a fee of course, to put all the odds in your favor and to improve your file. Knowing that the criteria most closely examined by banks and which allow you to obtain discounts from the establishments are solid savings and a good level of income.