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When is a mortgage loan the right choice and when is a building savings loan?

For what purpose do you want to use the mortgage?

For what purpose do you want to use the mortgage?

Building savings loans are more appropriate when it comes to reconstruction, but also minor or major repairs to the property or modernization of household equipment. Mortgage loans are often more suitable for purchase or construction purposes. This is generally the case. If you are thinking of such a thing, it is better to count on everything from a financial advisor to find out which option is right for you.

How fast do you need money?

How fast do you need money?

Do you have any money and need money to buy or build a property as soon as possible? Then mortgage credit is a better choice for you. If you have been saving with a building society for some time, then it is better to use a building savings loan, which is often offered under really good conditions.

The combination of mortgage and building savings

The combination of mortgage and building savings

There are also situations where building savings and mortgage loans are appropriate. One way of repaying a mortgage loan is to combine with building savings. The bank will give the client the option to repay a smaller amount, ie only interest, and will pay the entire debt afterwards, for example, after 10 or 20 years of revenue generated by saving.

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