Florian
2008-07-14 22:34:58
- #1
Hello,
I am still quite far from building my own house, I think :=) But I am curious about how the financing works, I have heard that about 30% can be financed through credit, the rest should be equity. But assuming I save an absolutely unrealistic amount of 250 EUR per month = 3,000 EUR / year = 60,000 EUR / 20 years.
How is one supposed to finance 70% of a house with that?
I would appreciate a brief explanation :=)
Best regards
Flo
I am still quite far from building my own house, I think :=) But I am curious about how the financing works, I have heard that about 30% can be financed through credit, the rest should be equity. But assuming I save an absolutely unrealistic amount of 250 EUR per month = 3,000 EUR / year = 60,000 EUR / 20 years.
How is one supposed to finance 70% of a house with that?
I would appreciate a brief explanation :=)
Best regards
Flo