Bycorod
To those who have to pay off a large mortgage (for a long time yet): how often do you think about it? Doesn't it scare you (e.g., in conjunction with news of job cuts, digitalization, new regulations regarding heating, etc.) or even major repairs (roof, etc.)
(3 votes)
Loading...Is there a reputable platform where you can compare offers regarding building loans? Should you inquire at several banks?
Is this still due to debt
Good morning defense community, I have a pretty big problem. I lost my job due to illness at the beginning of October last year. Since I have no savings, I'm naturally stuck here. Although I'm starting a new job next Monday, I already have to pay around €700 next week for contracts, etc. I had…
Hello, I am in personal insolvency until February 14, 2023. Then the residual debt will be discharged. However, I inherited part (1/8) of my parents' apartment in 2020 when my father died. Half of the apartment belongs to my mother, who also lives in the apartment. Now we haven't been able to sell the apartment…
I came across this and wanted to ask how one can evaluate this offer. https://premium-universal-credit.com/?gclid=EAIaIQobChMIn6GhmaivgAMVFsHVCh3LgwfeEAAYASAAEgJ1gfD_BwE
How did your house purchase go, what would you have liked to know and where
I can say from general experiences that people who have to pay a large real estate loan often think of their debts and worry about the future. News about job reduction, digitization, new regulations and major repairs can trigger fears and cause uncertainties for many borrowers.
It is important to note that there are many ways to prepare for possible difficulties and minimize financial risks. A thorough planning and preparation as well as the creation of a budget can help overcome potential financial challenges. In addition, it is advisable to inform yourself about state support programmes or insurance schemes that could help in the event of unemployment, accidents or unexpected expenses.
Supergau =
If you have difficulty paying your home loan and can no longer serve the rates, different scenarios may occur depending on the circumstances and type of credit:
It is important to note that missing credit rates or a forced auction of the house may have serious financial implications, such as a loss of home, negative effects on your creditworthiness and possibly also legal consequences. It is therefore advisable to provide careful financial planning and consideration in advance to avoid such situations.
There are “healthy” financings that are not very burdensome. If one is reasonable, one has not financed a “too large” object, the rate has been chosen so that one can pay it even in case of financial losses, a long interest bond has been agreed to be protected from rising interest rates and one has also calculated a reserve for maintenance measures. Under these conditions, you can also sleep quietly in the current situation.
In recent years, however, many have also financed blue-eyed. Among the historically low interest rates, the impression was that almost everyone could afford a home. Many have therefore planned to be bigger or more luxurious than necessary when buying/construction, because it was so cheap. Many have also financed, which are not financially well-established as one should be in a reasonable real estate financing. And they will get problems when the rising costs and cost of living freeze the financial buffer. If there is something else in between, such as longer illness, short-time work or unemployment, it becomes narrow.
And yes, the latter real estate buyers will so make their thoughts and certainly the one or the other night will not sleep calmly. However, this is probably only a small proportion of the large mass of home owners.
If you know that you can pay off the credit without any problems, it’s all but burdensome and also no reason big to think about it.
If a loan, in whatever form, is charged to you, you should not accept a loan.
Especially in the case of a property, the loan is also very well invested money.
I still have a real estate loan over €110,000.
I pay back 600€ each month and additionally save a much higher amount monthly in funds. 2029 the loan is due and I will then sell my funds for it to cancel the balance. I’m free of charge.
only if you have calculated badly. If I have paid 800 € rent so far, then I don’t have to pay 800 € credit costs psychologically.
1x a month when the rate is debited. this simply belongs to the current costs such as channel usage fee, waste disposal fee etc.
Job loss would of course be sh*** because we can’t afford to live only of 1 salary. However, there is always enough buffer to be able to overcome unemployment for several months. And for a total incapacity of work, we have secured ourselves over ne insurance.
As far as new regulations are concerned, our house is a new building – a new provision would affect us only if we renovate the old stock. And hopefully it won’t be necessary so soon.
For larger repairs, we put aside every month
The first comment is absolutely not true, as you still have to calculate additional costs that take over from a rental apartment of the landlord.
so I wrote down this with the reserves
Loads me less than living under the bridge.
Some stress it psychologically to pay rent instead of investing in a property.
What do you think about it?
No! Whether I pay monthly rent or a loan is no matter…!? o_O