Refinancing mortgages

Can we of­fer you a more fa­vour­able loan?

Quite of­ten, we can find ways to lower your monthly debt ser­vice or pay the loan off faster.


How does your current mortgage compare? We offer refinancing of up to 70% of the real estate value.

Inflation-indexed housing mortgage


Non-indexed housing mortgage


Calculate your choices

Fasteignamat í krónum


Upphæð láns í krónum

Mortgaging 70%

Indexed or non-indexed?

Inflation-indexed loans are linked to inflation, meaning that the principal of the loan can increase, especially early during the loan term. This leads to slower asset formation.

While the principal may increase due to inflation, this does not necessarily mean that your financial position is worse, because real estate prices tend to follow inflation in the long term. Interest rates on indexed loans are generally low and debt service lower.

Non-indexed loans are not linked to inflation, meaning that the loan never increases, merely decreasing steadily over the loan term. This results in quicker asset formation and lower instalments as the loan term progresses. Interest rates on non-indexed loans are generally higher than on indexed loans and, as a result, debt service can be considerably higher in the beginning.

What is the difference between fixed and variable interest rates?

Variable rates can increase and decrease in line with market fluctuations and the economic environment, based on the current interest rate tariff at each time. This may be favourable or not, depending on how the rates fluctuate.

With fixed rates, you tie your rates for a specified period and hedge against interest rate fluctuations. Rates can be fixed for a period of 36 or 60 months. Fixed-rate loans carry a pre-payment charge.


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