When a borrower takes out a mortgage, the mortgage lender (realkredit institution) issues bonds in the same amount as the loan. Unlike the bank’s interest rate offer, the reduced fee is offered to all borrowers regardless of age. In a statement, Realkredit Danmark called fixed interest rates mortgages a “flagship” of the realkredit system. “Additionally, it is possible to restructure a fixed-rate mortgage without significant losses, as you can always repay a fixed-rate loan at par when opportunities arise in the market,” she added. Both fixed-rate and variable rate mortgages are common choices for home buyers in Denmark.