That would be precarious anyway, the builder of today is supposed to be on a world tour during the (entire) construction period. And only send penguin pictures out of courtesy.no builder or buyer expects to be able to fly to Bali afterwards.
You are — purely rate-wise — at 42% of net income. Given the rising cost of living, which will really hit next year, and foreseeable small salary increases of 1.5%, that is extremely risky. Of course, the bank will not immediately veto. If at some point you can no longer manage, they will even send a broker to help you with the sale. And if it goes completely wrong and you are uncooperative, there will be a foreclosure appointment....So. Ok. But... If it were unhealthy, the bank would already veto it... No idea how you always come up with the percentage values... 30%... With a net household income of 6000, I can only afford a maximum of 1800... Ah yes... Completely outdated and unrealistic. I respect your opinion nevertheless
I would be cautious with that statement. The bank only cares that it can be represented. They only want to see their installment and make a rough estimate whether it fits. But whether you can still live comfortably with it afterwards, or whether your standard of living noticeably decreases, the bank doesn't care at all. Ultimately, they always look at how high the risk is for them as a bank and price the risk into the interest rate if necessary. In your case, with an interest rate of 4.35%, they did exactly that, which is not exactly cheap. So the bank apparently also considers the deal to be risky.But.. If it were unhealthy, the bank would already veto it...
No, but annoying when the vacuum cleaner, washing machine, and car/bike break down at the same time*
Just a question to everyone: has this ever happened to anyone? Like several things breaking at the same time that you can't pay for with your current income?!