Alex85
2018-09-30 18:51:57
- #1
And if the parents want to sell, your security is gone. Or if they pass away and the inheritance is divided, your home loan is immediately tied to it.
Everyone is responsible for their own life. Therefore, all that can be done here is to warn, nothing more.As I said, that was merely a report about what we discussed with the financial manager. It was by far not the last conversation with the last financial manager/banker. We will at least still get an offer from my house bank and "scan" 1-2 independent financial managers. The conversation on Saturday was initially meant to serve as an orientation to see where we stand and if we would even be financed at all. Therefore, we are already quite satisfied with the first result. And honestly – if it doesn't get better than 2.6%, then we can live with that (or would probably reduce the fixed interest period to 10 years and go with 1.9%). Then we could increase the repayment rate and still put some money aside. At least that's how I feel, if the alternative is to save and wait until building land becomes even scarcer and more expensive, building materials get even more expensive, and the interest rate gradually rises again. It is already starting a little, as my aunt, who has worked in the financial industry for 30 years and has been searching for building land herself for 2 years (but in Switzerland), also said.
And on the subject of children: I will outline the worst case in our situation. I am basically a planner, and children only come into the picture when everything else fits. And then I would be a full-time mom for the first few years (at least until Junior goes to kindergarten – and then I would work 50% in the mornings to be there again in the afternoons). Nevertheless, it could happen that not everything goes according to plan and an “accident” occurs. We all know the pill versus stomach flu stories. Then I would have to give up the ideal of being a full-time mom, but since my man and I both work in SAP development and consulting, we have the option to work from home. My man does that all the time anyway, and he would even have the possibility to work completely from home and only be on site for important appointments like his boss, which happens roughly once every two weeks. And I could also easily do 50% home office without having to discuss it with my bosses. For more home office, I would have to talk to them, but in my opinion, that should not be a big problem. And even if it were – with my 50% and the possibilities of my partner, it would work well. And even if I worked only 50% for the first 6 months after the birth (not home office, but actual 50%), we could manage to keep paying off the house with our income. My man alone would continue to contribute his 3.4k, and I would still bring in at least half of my net income.
Long story short: Even if it may not seem so to some, we really thought it through before we "arrogantly" decided that we could "afford" a 100% financing. And now you can gladly burn me at the stake for this sentence. Oh, speaking of burning: If one of us dies/fails/ends up in a wheelchair – yes, that is a risk. Yes, you should calculate that in. Right, in that case, we would have a problem. But please, which couple wouldn’t in such a case? Take a couple where the man earns 6k solo and the woman nothing. Great, if the woman falls out, the house can still be paid off. But what if the man dies? What I want to say: the possibility that one partner dies always exists. And one should think about that or keep it as an unpredictable risk in mind. But one should also eventually be able to live with the fact that you will never have 100% security in life. That’s life. And if that terrible case ever occurs, you will manage it somehow.