Enjoy your time on parental leave
We offer new parents the option to reduce their mortgage payments by up to half while they are on parental leave.
We offer new parents the option to reduce their mortgage payments by up to half while they are on parental leave.
You pay a fixed amount monthly for up to 12 months. The amount is based on half of the total payment from your last calculated due date. The remaining balance is then added to the principal of your loan.
You need to provide proof of parental leave with a payment statement from the Parental Leave Fund, and it is a requirement that you live in the property that your loan is secured against.
Veðsetning íbúðalána má ekki fara yfir 80% (85% ef lán voru tekin vegna fyrstu kaupa) af fasteignamati eignar þegar samkomulagi lýkur.
Ef þú ert í þessum sporum hvetjum við þig til að hafa samband við okkur með því að bóka tíma í íbúðalánaráðgjöf. Þú getur einnig sent okkur línu á netfangið ibudalan@arionbanki.is
We teach our children to value savings by setting a good example.
A subscription savings plan is one of the best ways to build up a fund for your child. The amount doesn't need to be high, and many small contributions add up to something significant.
Regular deposits can be the beginning of a more secure financial future for your child in the long term.
Family is the most important thing we have. That's why we want to provide a safe environment for it. It's important to be insured if household income is reduced due to accidents or illness.
With Vörður's life and health insurance, you strengthen the financial security of your family in case of accidents, illness, or death.
It is important to regularly pause and check the status and terms of the loans and financial obligations you have. It can make a significant difference to refinance loans that carry high interest rates or are unfavorable in some way.
When your family grows, it brings both joy and new challenges. It’s important to plan your household finances in advance, as expecting a child means changes in both income and expenses. Ideally, you should start thinking about your finances even before deciding to expand your family, as having a financial buffer can help bridge the gap that often occurs during parental leave.
When taking out a new loan, the repayment period can be crucial. The maximum loan term varies, but the longest loans are for real estate purchases, which can extend up to 40 years.
After checking your payment capacity and securing a down payment, it's time to find your dream property. This process can take varying amounts of time, but it's important to choose carefully and find a property that has most of the features you're looking for.
Most people have very clear ideas about what kind of apartment they're looking for and what requirements it needs to meet, but it's good to keep in mind that you may not find an apartment that fulfills all your wishes. When buying your first property, you often need to prioritize features and choose the property that checks the most boxes if you can't find one at the right price that meets all your criteria.
Choosing the right mortgage is a major decision that affects your household finances for many years. Therefore, it's important to understand how the choice of loan term and type can change both the payment burden and total cost. Whether the loan is indexed or non-indexed, and how long the loan term is, can have significant effects on payment burden and equity building.
It is difficult to determine whether renting or buying is right for you, and this is mainly guided by your financial situation and financial goals. You should calculate both options thoroughly before making a decision. If you are considering purchasing property, there are several important factors you should familiarize yourself with and be clear about before you begin the process.