Home financing: Is it sensible or should we wait a bit longer?

  • Erstellt am 2013-07-10 16:56:44

ypg

2013-07-10 20:52:43
  • #1


The bank wants security and two debtors... one employed person can drop out, then the second remains as a fallback.... in your case only one is registered and liable anyway. And with 2500, there's not much left for repayment + amortization.
 

DaGoodness

2013-07-10 20:53:23
  • #2


But I have to say, I know people who do it like this. As an example, a friend of mine: He earns 1,900 € net per month. She is on maternity leave (they had twins a year ago). 60,000 € equity. He alone services a loan of a total of 170,000 € with 630 € monthly. So he has paid a total of 230,000 € completely for everything (land, house, incidental building costs). In addition, there are about 25,000 € of own work. The garden was just done for an extra 3,500 €. Nothing has been done at the front yet.

The plot is a bit over 400 m² (purchase price just under 80,000 €), the house is a city villa, 134 m² living space with garage.
 

ypg

2013-07-10 20:56:00
  • #3


Did he get the loan on his own? Or were they dual earners at the time? (1900) I find quite daring though, all alone... 630 is a nice small amount
 

Frepa

2013-07-10 20:58:13
  • #4




How much do you mentally imagine one has to pay in installments?
 

ypg

2013-07-10 21:01:57
  • #5


I don't envision anything at all... the bank makes the interest announcements and you can simply calculate it yourself. Or just browse through the forums here... it's all somewhere here anyway.
 

DaGoodness

2013-07-10 21:06:24
  • #6
What I have repeatedly read here so far is that you should repay 500€ monthly for every 100,000€ of credit.

But I think it always depends on how long you want to finance.
There are certainly home builders who want to be finished financing after at most 20 years.
Then, of course, you have to pay back more aggressively.
But there are also those who finance over 40 years. They end up paying more in the long run, but they have smaller monthly burdens as a result.
 

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