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.

Dr. Chris Mulder

Dr. Chris is a former Senior Economist and Manager at the IMF and The World Bank. He is a Hypofriend Co-founder.

Published on Jul 22, 2020 Published on Jul 22, 2020 . Updated 2 months ago

Dr. Chris is a former Senior Economist and Manager at the IMF and The World Bank. He is a Hypofriend Co-founder.

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

Dr. Chris Mulder

Dr. Chris is a former Senior Economist and Manager at the IMF and The World Bank. He is a Hypofriend Co-founder.

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4 Mistakes With Mortgage

4 mistakes to avoid with your mortgage in Germany

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