This factor indicates whether the buyer is able to finance the mortgage over the long term. If sustainability is confirmed, chances are good of getting credit. Definitely worth asking for the advice of a mortgage expert who calculates sustainability and provides the buyer with information on his position and on what real estate he can finance in the future. You can make use of the https://grootrealtyco.com/ there now.
“I am afraid of getting into debt by buying a property.”
Being scrupulous in the face of big decisions is in human nature, but the fear of getting into debt by taking out a mortgage is unfounded. Mortgage experts will calculate everything together with you so that you can finance a property in the long term without taking risks. The calculation of financial sustainability uses a calculating interest rate of 5 percent. In this way, the borrower will be able to cope with his payments even in the event of an increase in interest rates without being in financial difficulties.
“With a property, I will have to pay more taxes.”
Buying a property is often associated with paying significantly higher taxes. But is it really so? It is true that taxable income increases with the addition of