How much remaining debt at 46 is okay?

According to the [Wikri], the bank must ensure that the installments can also be paid during retirement. This is difficult for a normal retiree. It only works for those insured for a particularly long time up to the BBG or for civil servants.

There is now so much leeway in the residential real estate credit directive. Banks have no major problems presenting financing even during retirement. Of course, everything must remain within a reasonable framework. And those who start financing at 30-40 should have no problem paying an installment in old age with a reasonably sensible financing structure – the only alternative often being higher rent. By the way, I am a real estate banker myself.

What's this about? To be able to say in the end, "Luckily, there are still 18 builders who are older than us with their follow-up financing and have a higher remaining debt"? That's nonsense squared. It's as individual as building itself.

Which bank does a financing with a term end of 87??? o_O Hope you meant 67??

My parents, in their late 60s, borrowed an additional 100k on their house (mortgage value 440k, outstanding debt 50k) to enjoy a nice retirement. What’s wrong with that?

What is this about? To be able to say in the end, "Luckily there are still 18 property owners who are older than us at their follow-up financing and have a higher remaining debt"? That’s nonsense squared. It’s as individual as building itself.

1000 points for the candidate!

Here, preferably those post who are done by age 50 and can’t imagine any other setup.

Just be sure that nowadays it is hardly possible to pay off a nice property by 50 THROUGH YOUR OWN EFFORT (and that doesn’t include an inheritance). And it doesn’t really matter. If the key interest rate doesn’t suddenly and unpredictably rise sharply at the end of the fixed interest period, you benefit up to that point from the higher key interest rate and the associated higher inflation by receiving wage increases.

Even with the low inflation of recent years, I would not want to earn 2010 money today anymore (excluding promotions).

What is this about?
To be able to say in the end, "Luckily there are still 18 homeowners who are older than us at the time of follow-up financing and have a higher remaining debt"?
That's nonsense squared.
It’s as individual as building itself.

just like people

1000 points for the candidate!

Here, mainly those who are done by 50 and can’t imagine any other setup post.

Just be sure that nowadays it is hardly possible to pay off a nice property by 50 ON YOUR OWN (and that doesn’t include inheritance).
And it doesn’t really matter. If the key interest rate doesn’t suddenly rise unpredictably at the end of the fixed interest period, in the years until then you will benefit from the higher key interest rate and the associated higher inflation along with wage increases.

Even with the low inflation of recent years, I wouldn’t want to earn the 2010 money anymore today (excluding promotions).

All correct – it’s just that one starts to think, and of course a forum also serves to find out the “average value” in order to classify oneself. And maybe it helps others too

Everything is correct – it's just that one starts to ponder, and of course a forum also serves to find out the "average value" in order to classify oneself. And maybe it helps others too

Well then, I want to shift the "average value" a bit upwards: Remaining debt at 46: €900,000 Mainly because I will already be 46 in a month and will only sign the loan agreement next week... :cool: Will I have paid it off by retirement? Nope. But I don't care. The installment will be lower than the rent I would have to pay. In addition, the house is planned so that it can be divided into two residential units after the children move out, and the upper floor can be rented out. The ground floor is already planned to be wheelchair accessible. If that’s too lame for us – then we’ll do it like and sell the place :)