All topics First Time Buyers Deep Dive Customer Stories Insurances Hypofriend News

4 mistakes to avoid with your mortgage in Germany

Several studies show: People who buy real estate get wealthier. That's why it's important to avoid some mistakes in your mortgage.

Written by Henrike Herrmann

Published on Jul 22, 2021

4 mistakes to avoid with your mortgage in Germany

Category First Time Buyers

Written by Henrike Herrmann

Published on Jul 22, 2021

People who own real estate are financially more successful. This is shown in various studies, including that of the German Bundesbank. Homeowners are around ten times as wealthy as tenants. This is highlighted in an analysis of the German Institute for Economic Research (DIW).

Accumulating equity for too long
Going for too small a property, using instead the savings for paying down the mortgage
Paying off the loan too quickly
Getting the wrong fixed interest rate
Conclusion

Henrike Herrmann

Henrike is our Content Manager at Hypofriend and has made it her mission to explain complex and complicated issues as easily and understandably as possible.

first-time-buyers

8 Ways to Increase How Much House You Can Afford in Germany

Find out how you can increase your affordability in times of high property prices and skyrocketing interest rates, and thus afford your German dream home.

first-time-buyers

Berlin Property Prices and District Guide

What do you have to consider when buying an apartment in Berlin? Our guide answers the most important questions.

first-time-buyers

Helping your kids buy a home in Germany: When is this a good idea?

Young adults often struggle with too little equity when trying to buy property in Germany. Learn what options parents have to help.

Hypofriend
/
First Time Buyers
/
4 Mistakes With Mortgage

4 mistakes to avoid with your mortgage in Germany

Table Of Contents