The mortgage dilemma-variable or fixed How to manage rising monthly payments.jpg

The variable rate has long been popular thanks to low interest rates and a favorable economic environment. However, this has changed recently and many borrowers are finding themselves in a difficult situation. In this article, we'll look at the challenges of variable and fixed rates and explore solutions for managing rising monthly payments.

## Variable rate challenges

For much of the last decade, variable rates were attractive to prospective homeowners because of the low interest rates they offered. However, in the last year or so, the situation in the mortgage industry has changed due to several factors such as COVID, the war in Ukraine and inflation. These events have forced the European Central Bank to raise its interest rates, forcing banks to adapt. Recently, the variable rate reached 3.53% and forecasts are not optimistic, with an increase expected by 2024.

## What about the fixed rate?

While the variable rate has increased, the fixed rate has also increased. For new borrowers, this means that their ability to borrow has decreased. It doesn't matter which rate you choose, that's a fact. So should you hope for a return to lower rates and go for an adjustable rate? Or opt for a fixed rate for more security? One mortgage expert suggests going for the fixed rate because the financial markets are too unstable to take the risk of the variable rate.

## How to better manage your monthly payments?

Households that already have an adjustable-rate mortgage have seen their monthly payments increase. Faced with this exceptional situation, there are solutions while waiting for better days.

- Repurchase of the loan and extension of the loan period: According to one expert, the repurchase of the loan combined with the extension of the loan period can be a good option. The repurchase of a mortgage loan consists in the repurchase of the current loan by another bank offering better financing conditions. Depending on the file and the bank, the repurchase may involve additional costs, which are often covered by the new bank.
- Renegotiation of the loan: Banks are also open to renegotiating loans to reduce arrears. They also lose money when payments are late. To avoid this, banks renegotiate loans, fix interest rates and extend the term of the loan.

## Conclusion

The choice between a variable and a fixed rate depends on several factors, including the economic situation and the outlook for interest rates. It is important to weigh up the risks and benefits of each option before making a decision.

In today's uncertain economy and rising interest rates, it may make sense to choose a fixed rate for added security. However, every situation is unique and it is important to consult a mortgage expert for personalized advice.

For those already locked into a variable rate mortgage and facing rising monthly payments, there are solutions to ease the financial burden. Consider discussing with your bank the possibility of buying back your loan or renegotiating the terms of your loan.

Ultimately, it's important to stay informed and keep a close eye on the financial markets and interest rates. This will help you make informed decisions about your mortgage and manage your finances better in these difficult times. Don't hesitate to seek expert advice and explore all the options available to you to ensure you make the best choice for your personal circumstances.

If you would like to know more about this subject and find the best conditions for your mortgage, please contact our partner [Creditsimmo.lu](https://en.creditsimmo.lu/). Their team of experts is here to help you save money and get the best deals possible. Take the step now and talk to them to improve your financial situation!

The mortgage dilemma: variable or fixed? How to manage rising monthly payments

The responsibilities and privileges of a tenant.jpg

When you sign a rental agreement with a property owner, you agree to the rights and responsibilities of both the tenant and the owner. As a tenant, what are those rights and responsibilities? Let's review.

## 1. The main duty of a tenant: to pay the rent
It is obvious that you must pay your rent regularly as a tenant. The contract specifies the deadline for the payment of the rent (which can increase every 2 years) and a deposit that must not exceed 3 months of rent. This deposit will be used to cover any damage to the property while you are occupying it. The charges (maintenance of the common areas, green spaces, waste, etc.) can be paid either in real terms or as a lump sum, and an annual statement must be sent to you.

## 2. The tenant's responsibilities
The landlord must provide a decent and healthy dwelling, but it is your responsibility to participate in its maintenance without modifying it. You can hang a picture with a nail, but you can't knock down a wall to enlarge the living room. Similarly, you can't turn your home into an office. If you have a problem that is beyond your expertise, inform the landlord so that he can contact the appropriate professionals. However, if the problem is your fault (for example, if you haven't had your gas furnace checked annually), you may be held responsible and have to pay for it. Also, be sure to insure your home when you move in.

## 3. Tenant's rights: Welcome to your home!
The contract states that you occupy a unit in exchange for rent, which means that your landlord does not have the right to come to your home whenever he or she wants. However, they can come to your home once or twice a year if they make an appointment in advance. Of course, they cannot enter your home without your consent or change the locks without informing you.

The responsibilities and privileges of a tenant!

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## 1. Renegotiating your mortgage: what is it?
If you are having trouble paying your mortgage because of rising interest rates, you can try to renegotiate your loan with your bank. Renegotiating means discussing with the bank to get easier repayment terms for you.

## 2. The advantages of renegotiating
By renegotiating your loan, you can pay less each month by paying off your loan over a longer period of time, or change a variable rate to a fixed rate. This can help you save money and manage your budget better.

## 3. How to prepare to renegotiate your loan
To renegotiate your loan, gather all the information you can about your income, debts and situation. Then compare offers from different banks or ask a broker to help you find the best deal.

## 4. Renegotiation fees and conditions
Renegotiating your loan allows you to pay less without having to change banks. On the other hand, you will have to pay an application fee and a compensation. Make your calculations before you sign! The bank may also refuse your request, depending on your financial situation and the reason for your request (family problems, loss of job, etc.).

## 5. If renegotiation does not work
If the bank refuses to renegotiate your loan, you can ask for it to be repurchased. Another bank will buy your loan and offer you a new loan with better conditions. Be careful, this operation involves additional costs. Make sure that this new offer is really more interesting for you than your current contract.

## 6. To sum up
Renegotiating your mortgage can help you pay less and manage your budget better. Prepare well, compare offers and be prepared for the extra costs. If renegotiation doesn't work, you can always try a remortgage.

If you'd like to know more about this topic and find the best conditions for your mortgage, don't hesitate to contact our partner [Creditsimmo.lu](https://en.creditsimmo.lu/). Their team of experts is here to help you save money and get the best deals possible. Take the step now and talk to them to improve your financial situation!

How can you pay less by switching your mortgage?

Why a broker is your best ally for buying a home by 2023.jpg

Dear friends, today I would like to talk to you about a subject that is close to my heart: buying a property in 2023. As you probably already know, interest rates are rising and banks are becoming increasingly cautious. In this situation, a mortgage broker is more than ever an indispensable ally. Let me explain why.

Imagine for a moment that you are thrilled to be the owner of your own little nest. You've finally found the house of your dreams, the one where you'll write the best pages of your life. But now interest rates are rising and banks are becoming increasingly reluctant to lend.

That's where the mortgage broker comes in, that unsung hero who will make your life easier and your dreams come true. He knows the tricks of the trade and will be able to defend your file with the banks with tenacity and determination. In 2023, a broker is more than ever an indispensable asset.

Thanks to his expertise, he will be able to find the best deals on the market, despite the rise in interest rates. And that's not all: he or she will also be able to negotiate the best loan conditions for you, particularly in terms of interest rates and loan duration.

Using a mortgage broker will also save you time and energy. There is no need to run from bank to bank, comparing offers, filling in endless paperwork and stressing about not getting your loan. The broker will take care of everything for you and you can concentrate on what really matters: preparing your future home.

Finally, don't forget that the mortgage broker works for you, not for the banks. He is on your side and his priority is to help you realize your property project. In 2023, with rising interest rates and cautious banks, a broker will be your best ally in making your dream come true.

So, dear friends, don't hesitate: if you want to buy a property in 2023, contact a mortgage broker. He will accompany you on this wonderful adventure and will allow you to live this great moment of your life with peace of mind.

Why a broker is your best ally for buying a home by 2023?

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Dear readers, today I would like to introduce you to one of the most interesting partnerships in the world of property and financing: the collaboration between [Nextimmo.lu](https://nextimmo.lu/en) and [Creditsimmo.lu](https://en.creditsimmo.lu/). These two major players in the sector are working hand in hand to offer you an optimal experience in the realization of your real estate project. Discover why this alliance is a real asset for you.

## 1. Complementary services for a complete support

[Nextimmo.lu](https://nextimmo.lu/en) is a real estate agency renowned for its expertise in property sales and rentals. [Creditsimmo.lu](https://en.creditsimmo.lu/) is a mortgage broker that will help you find the financing that best suits your needs. By joining forces, these two companies can offer you a complete service, from finding your future home to financing your project.

## 2. Save time and energy

By working closely together, [Nextimmo.lu](https://nextimmo.lu/en) and [Creditsimmo.lu](https://en.creditsimmo.lu/) allow you to save precious time in the realization of your real estate project. You do not have to look for an estate agent and a mortgage broker separately, because everything is centralized. This collaboration simplifies your steps and avoids multiplying your interlocutors.

## 3. A better understanding of your needs

Thanks to their close collaboration, [Nextimmo.lu](https://nextimmo.lu/en) and [Creditsimmo.lu](https://en.creditsimmo.lu/) are able to better understand your needs and expectations. They work in synergy to offer you personalized solutions, whether it is finding the ideal property or negotiating the best financing conditions. In short, they listen to you and do everything possible to meet your requirements.

## 4. Quality support to guarantee your project

The collaboration between [Nextimmo.lu](https://nextimmo.lu/en) and [Creditsimmo.lu](https://en.creditsimmo.lu/) also guarantees you quality support throughout your project. Recognized for their professionalism and reliability, these two companies make it a point of honor to accompany you at every stage, from the search for your property to the signing of your loan. You can therefore proceed with complete peace of mind and confidence.

In conclusion, the collaboration between [Nextimmo.lu](https://nextimmo.lu/en) and [Creditsimmo.lu](https://en.creditsimmo.lu/) is a real asset for people who want to realize a real estate project. This partnership guarantees you a complete, personalized and high quality support to help you make your dreams come true. So don't hesitate: call on these two experts to make your project a reality in complete peace of mind.

Nextimmo.lu and Creditsimmo.lu: A winning duo for your real estate project 

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Located in the Diekirch region of northern Luxembourg, Emeschbach-Stockem and Asselborn are two small, picturesque villages that offer a unique natural and cultural experience.

Emeschbach-Stockem is a village in the municipality of Wincrange, close to the Belgian border. It is an ideal place for nature lovers, with vast forests and many walking trails. Mountain bikers will also enjoy the many mountain bike trails that criss-cross the area. The village is also known for its traditional Christmas market, which attracts many visitors every year.

Asselborn is located in the municipality of Kiischpelt and is famous for its 18th century castle, which now houses a museum. Visitors can also admire the neo-Gothic church of St Willibrord, built in 1892, and the many old buildings in the village.

But it is the natural beauty of the area that most attracts visitors. The Clerve River runs through Asselborn and offers great fishing and swimming. The surrounding hills also offer beautiful panoramic views of the Luxembourg countryside.

Visitors to the region can also explore the Haute-Sûre Nature Park, located just a few kilometers from Asselborn. This 3800 hectare nature park is one of the most important natural areas in Luxembourg, with lakes, rivers and preserved forests.

Finally, gourmets will appreciate the local cuisine with specialities such as Ardennes ham, smoked trout and fresh goat cheese.

In conclusion, Emeschbach-Stockem and Asselborn are ideal destinations for those who wish to escape into nature and discover the cultural and culinary riches of northern Luxembourg. Whether you are a hiker, cyclist, angler or simply a nature lover, you will find everything you need for an unforgettable experience.

Emeschbach-Stockem, Asselborn: Discover the natural beauty of Luxembourg

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Located in the Asselborn region of Luxembourg, the town of Lentzweiler is a real hidden gem worth discovering. With its rural charm and tranquility, Lentzweiler is the perfect place to get away from the hustle and bustle of the city and enjoy nature.

One of Lentzweiler's main attractions is its beautiful St Michael's Parish Church, built in the 19th century and recently restored to retain its old-fashioned charm. The church is an example of the religious architecture of the time, with large windows and vaulted ceilings. It also houses a historic organ, which adds a musical touch to the visit.

But that's not all Lentzweiler has to offer. Nature lovers will be delighted to discover the surrounding footpaths, which offer spectacular views of the Luxembourg countryside. The lush green hills and picturesque valleys are perfect for a day of hiking, picnicking or just walking around and enjoying the natural beauty.

History buffs can also visit the German Military Cemetery in Lentzweiler, which contains the graves of German soldiers who fell during the Second World War. The cemetery is a place of remembrance and reflection for families and visitors who wish to pay tribute to those who sacrificed their lives for their country.

For those who wish to relax, Lentzweiler also offers local restaurants and cafés where one can enjoy traditional Luxembourgish dishes such as frankfurters and blood sausage. Visitors can also enjoy local specialities such as Luxembourg Riesling, a dry and fruity white wine that is the perfect accompaniment to a meal.

All in all, Lentzweiler is a town worth discovering. With its rural charm and natural beauty, it offers a peaceful escape from the hustle and bustle of the city. Whether you're a history buff, nature lover or just looking for a place to relax, Lentzweiler is a hidden gem that will appeal to you.

Discover the charming town of Lentzweiler in Asselborn, Luxembourg

Luxembourg is a small country in Western Europe known for its beautiful landscapes, medieval castles and rich culture. Among the many tourist destinations in the country is the village of Maulusmuhle, located in the Asselborn region. This small, picturesque village is an ideal place to relax and enjoy the natural beauty of Luxembourg.

Maulusmuhle is a small village in the east of Luxembourg, close to the border with Germany and Belgium. The village is surrounded by green forests, hills and streams, offering a peaceful and tranquil setting. Visitors can enjoy long nature walks or cycling along the picturesque paths in the area.

The village of Maulusmuhle is also known for its 18th century mill. This mill is one of the last working water mills in Luxembourg and is a popular attraction for visitors. Visitors can see how the mill works and learn more about the history of the mill industry in Luxembourg.

In addition to the mill, Maulusmuhle offers a variety of other attractions. Visitors can explore the 18th century St. Peter's church or visit the castle of Clervaux, located a few kilometers from the village. The village's museums, such as the War Museum and the Model Railway Museum, also offer a unique cultural experience.

Visitors can also enjoy the local gastronomy in the village's restaurants. Traditional Luxembourgish dishes such as Judd mat Gaardebounen (pork knuckle with green beans), Bouneschlupp (green bean soup) and Riesling (white wine) are popular dishes in the local restaurants.

In summary, Maulusmuhle is a charming and picturesque village that offers a unique experience for visitors to Luxembourg. With its beautiful nature, historic mill, cultural attractions and local restaurants, Maulusmuhle is a great place for a quiet getaway. Whether you are a nature lover, history buff or foodie, you will find something to enjoy in this charming Luxembourgish village.

Maulusmuhle, Asselborn: Discover the charm of this village in Luxembourg

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Situated in the heart of Asselborn, in the northwest of Luxembourg, Rumlange is a picturesque little village well worth a visit. With its cobbled streets, traditional stone houses and quiet, peaceful atmosphere, Rumlange offers a welcome break from the hustle and bustle of the city.

Rumlange's history goes back several centuries. The first written records of the village date from 1235, when the Lord of Clervaux gave the land of Rumlange to the Abbey of Saint-Maurice. Over the years, Rumlange has become an important agricultural and craft centre in the region.

Today, Rumlange is the home of many inhabitants of Asselborn and an ideal starting point for exploring the surrounding area. The area is renowned for its beautiful natural scenery, walking and cycling trails and outdoor activities.

Visitors to Rumlange will find a wide variety of things to see and do. History buffs will enjoy a visit to the 17th century St Martin's Church, which contains remarkable architectural and artistic features. Nature lovers can explore the surrounding forests and green valleys, while sports enthusiasts can enjoy hiking, cycling and other outdoor activities.

Rumlange is also renowned for its culinary traditions. Local dishes are simple but tasty, with a strong German and French influence. Visitors can enjoy specialities such as sauerkraut, sausages, potatoes and cheese dishes.

All in all, Rumlange is a small, charming and welcoming village, well worth a visit for anyone who wants to discover the authenticity of the Asselborn region. Visitors can enjoy history, nature and local culture in a peaceful and relaxing environment.

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