How can you reduce your mortgage payments?

Now more than ever, with interest rates on the rise, it's time to start saving on your credit-linked life insurance.

There are credit agreements that have associated products to reduce the spread, but it is important to note that a credit proposal with the lowest spread is not necessarily the cheapest.

Among the products where you can save money are life insurance policies, where you can save up to 60% of the annual premium.

During the term of your credit agreement, if you wish to cancel the products you have purchased, the financial institution may increase your credit spread, as set out in the relevant agreement.

However, insurance-related costs may offset this increase.

For example,imagine that you have a spread of 1.5% and that, when you change your insurance, your spread rises to 1.55%.

However, you are currently paying €90 in insurance, and by switching, you will only pay €30, resulting in monthly savings and, in some cases, increased protection.

At R2, we offer our service so that you can transfer your mortgage insurance in just three steps and save money every month.