hallo88
2019-02-23 19:49:22
- #1
Hello everyone,
Maybe you have some advice for me regarding the following situation.
We took out a home financing loan almost 5 years ago, total term 10 years.
There is still nearly 240,000 euros outstanding.
The house value is about 280,000 euros.
We currently have about 60,000€ in equity.
Household income is a little over 5,500€ per month.
Special payments of 10,000 euros annually are not included, nor possible salary increases of my girlfriend (recently earned her master's degree) included.
No children are planned.
Recently, we found our dream property (existing property). The purchase price is 449,000€ + 10% incidental costs.
Now the question for us is whether we should sell our house and buy the other property.
Would that even be feasible with our income and equity?
Or how would you proceed, what should be considered, etc.
Regards
Hallo88
Maybe you have some advice for me regarding the following situation.
We took out a home financing loan almost 5 years ago, total term 10 years.
There is still nearly 240,000 euros outstanding.
The house value is about 280,000 euros.
We currently have about 60,000€ in equity.
Household income is a little over 5,500€ per month.
Special payments of 10,000 euros annually are not included, nor possible salary increases of my girlfriend (recently earned her master's degree) included.
No children are planned.
Recently, we found our dream property (existing property). The purchase price is 449,000€ + 10% incidental costs.
Now the question for us is whether we should sell our house and buy the other property.
Would that even be feasible with our income and equity?
Or how would you proceed, what should be considered, etc.
Regards
Hallo88