The amount of the installment to be repaid is also fixed.
What percentage of income for home savings?
Given the low interest rates for real estate financing, the question arises for many whether it is not better to put the capital in their own property. However, if you are in this situation, you should carefully calculate the construction or acquisition of a property in order to avoid any unpleasant surprises.
Does real estate financing fit into my private lifestyle? What should my tariff be? At the beginning of every property financing there is a careful and continuous cash flow. For example, a home savings contract that was concluded at a young age can be used to meet a little more the desire to live in your own four walls.
This can significantly reduce the proportion of debt that has to be raised through a private or bank loan, as well as the amount of own contributions for various businesses. So when buying property z. B. the notary fees, even more fees and ancillary costs for new buildings. On the occasion of the absolute pain threshold for the repayment of the loan, it is recommended that the tranches dispose of 40 percentage points of the. should not exceed net income.
Special payments to reduce your debt
You may also have the option of making special payments to reduce your debt more quickly if you want your net income to grow. If the loan rates are in this range, you don’t even have to restrict yourself, because in return you save yourself the rent and build up your own capital. What are the factors influencing the financing of real estate?
If, for example, you take two net income as a basis for financing, but suddenly you want to have children, this can ruin your individual wealth planning as well as property financing. If you have enough freedom, you should only include the salary of the main income in your host family when buying real estate.
If you have a permanent second income, you can repay the loan more quickly by means of special payments and thus delay it. have a debt-free property. If, on the other hand, your income situation changes – e.g. because the second income is lost for some reason – you are not immediately in a financial imbalance with regard to the repayment of the loan, but can respond to the new situation early.