pagoni2020
2020-07-27 08:13:53
- #1
As long as your grandmother is secured in another way, that is REALLY SURE that her life will not change decisively if something - whatever - goes wrong with you, in my opinion this can be considered. However, as soon as this is not the case and even the slightest risk arises for your grandmother, I would reject this. A grandmother should not have to worry about such things in her old age.Hello everyone, I am looking at an apartment and the monthly expenses are unproblematic, but I only have very limited equity available. It is enough at most for the additional costs and the move. Now my grandmother has offered to partially mortgage her paid-off apartment for my loan. Unfortunately, I can hardly find any information on how exactly this would work. Would these be separate loans or is the loan then secured by the mortgage and the property to be purchased? How long does the debt on my grandmother's apartment exist? Until the entire loan amount is repaid or only until the loan in the amount of the mortgage is repaid? What is your general opinion on this?