Real estate credit: these borrowers who have everything to gain to renegotiate their loan in 2025

After having quadrupled between early 2022 and late 2023, mortgage rates have been falling for over a year. Here is in which cases you should think of renegotiating your loan rate.

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The interest of renegotiating mortgagewith his bank or another, depends on three main factors. Starting with the gap between the rate to which you have subscribed to your loan and the one you hope to renegotiate, gap which must be at least one pointindicates Maël Bernier, director of communication of broker Bestaux, at a press conference this Tuesday, March 4. Then you have to be in the first third of the duration reimbursement of your loan. Finally, the remaining capital must rise to at least 70,000 euros.

Three conditions that borrowers who have subscribed to a mortgage, 18 months ago, in the fall of 2023, when the rates had exceeded 4% at the end of a rapid rise since the start of 2022. At 3.30% on an average of 20 years, the most common credit, March 2025 rates are. from 1.2 to 1.4 points At their level of December 2023, when they oscillated between 4.5% and 4.7%. “All those who have taken loans at a rate of more than 4%, between September 2023 and January 2024, must study their renegotiation ”estimates Maël Bernier. They may not be legion, a number of real estate buyers having deferred their acquisition project in the hope of a drop in rates, but some have not had the choice, pressed by a professional change or the arrival of a child.

Watch out for the amount and duration of the loan

Take the example of one of these households, which would have borrowed 300,000 euros in November 2023, at the rate (excluding insurance) of 4.45%, over 25 years. He must reimburse 1,744 euros each month. A monthly payment which will decrease by 100 eurosat 1,644 euros, if he renegotiates his loan in March 2025, at the rate of 3.45%, over a period of 22 years when he still had 23 years and 10 months of reimbursement as part of the initial loan. In total, this cleaning sees the cost of its credit reduced by 36,348 euros and its reduced duration of almost two years, thanks to renegotiation, calculates Bestaux. This, despite the early reimbursement allowances due to its first bank and the guarantee costs of the new loan.

Attention, “”The gain is lower for a small loanof a short duration “warns Maël Bernier. The Bestal spokesperson quotes the case of a loan of 120,000 euros, contracted in March 2023 to 3.95% over 15 years, with a reimbursement monthly payment of 919 euros. The renegotiate in March 2025 to 2.95%, over 14 years, will lower the monthly payment of only 48 euros. For Maël Bernier, this is not worth embarking on the administrative procedures for renegotiation of loan. On the other hand, for a credit “Of more than 200,000 or 250,000 euros subscribed at the end of 2023, and lasting long, it is necessary to consider renegotiation”she recommends.