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 the rental value, however maintenance and renewal expenses and interest payable on one’s own home can be deducted from taxes. Therefore the purchase of an apartment or a house does not necessarily entail high tax charges.

“Buying a property is to demanding a step for me.”

The feeling of making too big a commitment can prevent you from taking this step and therefore buying a property. Planning, financing and then the real purchase of an apartment or house: buying a house is not an easy step that is taken overnight. Banks offer non-binding advice on the issue of buying a property. Mortgage experts not only help calculate financing but also provide valuable advice. If the buyer is informed in time, then, he quickly receives an overview of how to buy the property of his dreams and can make a conscious choice.

“Financing a house in the long term is too high a stressor for me.”

Buying a house can seem like a burden. With property owned, you must personally take responsibility for everything that could have been resolved before with a phone call to the landlord. But this could also be an advantage. Having no mediator, the owner can, for example, directly choose companies for repairs and influence the result of the works according to his needs. Furthermore, the risk of eviction is eliminated, being the owners of the property directly. There are also different forms of homeownership that would make it possible to share responsibility for one’s own home.

“I’m afraid of losing my flexibility because of a property I own.”

A property and a mortgage represent a constraint of a certain weight. However, one’s living conditions and the needs that derive from them can change. But this is not a valid reason to give up your own home. A property can also be resold. Under certain conditions, it is possible to transfer the mortgage, for example to the second buyer of the property or to a new property. A mortgage can also be canceled in advance by paying an early maturity allowance. Do not forget that you can rent an apartment or even the whole house. So not only is it possible to remain the owner of the property but also to return to live in it later.