Thanks to very low interest rates, the dream of owning a home is within reach for many. But this bet is dangerous, because just because you can borrow cheap money doesn’t have to stay that way. House builders and apartment buyers who then agree to a short loan term in order to secure particularly favorable conditions are hit by the interest rate shock with the follow-up loan.
And: just because the money is cheap doesn’t mean real estate. The high prices in the metropolitan areas require that the financial planning has been carried out realistically: How high are the interest rates, how high are the repayments? And when should you have paid off the property?
In our photo series, we explain how to prepare with realistic planning. Above all, real estate buyers should keep an eye on the overall budget. If you can just barely afford the property with the monthly loan payment, it can be dangerous. Unemployment, occupational disability or caring for a relative put a strain on the budget – and you can no longer afford the house. Offer an initial orientation Budget calculator on the internet, the banks, Savings banks and provide credit intermediaries. This also takes into account how high the monthly expenses and burdens are.