Pros and cons reverse mortgage

More and more banks are offering owners of retired properties the opportunity to supplement their pensions with a so-called reverse mortgage. The principle is simple: An unencumbered property is mortgaged in the form of a one-time payment or a lifelong monthly pension. The owner and possibly his partner receive a lifelong registered right of residence. […]

Payment in installments for everything: with small financing in the debt trap

The days when the federal citizens took out a loan only for their own four walls are long gone. Today, vehicles, fitted kitchens or holiday trips are simply financed with installment loans, if the credit balance on the account is insufficient. Against the “Consumption on Pump” is on and for nothing to object, it allows […]

Real Estate Financing: Plan Exit Strategy!

Anyone who acquires a home and takes out a loan from the bank, should include in his planning far more factors than just interest rate, monthly installment and term. Especially today’s uncertain time requires a lot of flexibility, because working conditions and partnerships change faster. Therefore, if you move into a credit-financed property, you must […]