Even if you have few savings, it is in the long run recommended to decide on the purchase of home ownership. In the course of the years, the rental payments can amount to a considerable amount and clearly exceed the value of a home. Accordingly, it seems more appropriate to prefer a loan installment each month to live in the paid-up home in 20 to 25 years.
It always depends on how high the loan rate is
However, it always depends on how high the loan rate is. After all, it must fit into the budget of each household. The mortgage lender, Mortgages Discount, has conducted a survey to find out how high the lending rate should be in order to qualify for tenant acquisition. A total of 1,000 people were interviewed.
The survey concluded that the lending rate may well be higher than the monthly rental payment.
Although 36 percent of those surveyed stated that the rate for a real estate loan should by no means exceed their current rental payments. However, there are also people who would spend more money to fulfill their dream home. After all, 20 percent of the respondents said that a rate higher by 100 euros would be okay for them.
Another 21 percent would even be willing to spend up to 200 euros more a month. However, with even higher amounts, the interest decreases considerably. To provide additional 300 euros were only 12 percent of respondents willing to 500 euros only 6.9 percent.
home, real estate
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