Unfortunately, in practice too often prospective homeowners decide on mortgage lending for standardized loan plans that are only slightly tailored to their needs. This is especially true of the repayment, far too often borrowers opt for an initial repayment of one percent.
The following is an overview of the most important questions about loan
It would be possible in many cases to start with a higher eradication. Therefore, it is all the more important to be aware of the possibilities and to clarify in advance for yourself crucial question. The following is an overview of the most important questions about loan repayments, which should be made to potential borrowers.
What rate can I trust?
First, it should be determined what financial leeway exists. For example, if you live for rent, you can almost always choose a rate that is equal to the current rent, but you may still be able to pay a higher rate.
What rate is optimal for me?
No one has to go to the financial limit. It even makes sense to stay below in order to maintain sufficient financial flexibility.
Until when should the home be paid off?
If you start with an initial repayment of one percent, you have to expect a repayment period of more than 40 years at the current interest level. But many builders and buyers would have been retired for a long time. One should therefore be aware of the date by which a full repayment is sought.
Can I make special repayments?
Depending on the income and wealth situation, it may be appropriate to make special repayments. You can significantly speed up the repayment, if they are permissible. If special repayments are sought, funding must also be allowed.