Tired of negotiating your interest rate? So are we!
An automatically lowered interest rate means we reduce your interest rate when you deserve it, without you having to negotiate with us.
When do you deserve a better rate?
This can happen when your property value increases, or your loan balance decreases. We check these two factors monthly and automatically lower your interest rate when you qualify.
You can read more about the automatically lowered interest rate by clicking here.
Want a bank where you don’t have to negotiate for the rate you deserve?
If you’d also like a bank where you don’t have to haggle to get the right interest rate, you can apply to transfer your loan to Bulder by clicking here.
What if the property value decreases?
We will never raise your mortgage interest rate simply because your property has decreased in value. The automatic interest rate adjustment based on property value is only meant to benefit you. Once you’ve reached a lower rate tier in our rate structure, we won’t move you back to a higher tier. Your rate with us can only increase in two cases:
You apply to increase your loan with us. In that case, you’ll receive a rate that reflects your new loan-to-value ratio.
We increase our general interest rates, for example, due to a rate hike by Norges Bank.