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Old 29.07.2020, 14:04
Global Global is offline
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Re: Apartment or What else? Any advice, Please.

Quote:
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Example:

Apartment is worth 600k, so 200k for taxes. Mortgage is 300k.

Value thus for taxes is 200k-300k= -100k.

Tom
Could you please be kind and explain more?
My point of Q#2 is: If I bought an apartment for 600K, I will pay my savings i.e. 200K upfront, Remaining: 400K... where I will take a mortgage and thus I have to pay in total 'I guess' 550K... maybe?

My question is: Should the person strive to pay as much as possible so that s/he can pay it off in for example 15 years? Or, Is it better to pay as little as possible to have the mortgage running forever and ever?


Sorry... I think I need help
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