Financing Land & Corner Bungalow

There is always a residual risk, especially with a long term. In my opinion, there is no advantage (paid off later & rent-free - improvement in quality of life, already after moving into your own four walls) without a disadvantage (financing risk), but I completely understand that you can sensibly minimize the risk with flexible repayment, even if you may pay a bit more for it (longer interest payments due to low repayment).

Unfortunately, we cannot do without the second car, we need both for work.
Although the second one (toyota Yaris) is relatively inexpensive to maintain & is only used for work.

I meant giving it up only in case of unemployment. Then you can not only reduce the installment but also save costs (just deregistering it is enough).

Ok, I misinterpreted the previous post :)