As we mentioned in our previous articles, home savings plans can be very helpful in buying a property. There is almost no real estate purpose for which we could not use it, or even more than one. So let’s analyze the “co-operation” of home savings and loans!
Home Saving Funds
Perhaps everyone is aware that the biggest benefit of these housing savings is the state support of 30%, up to $ 72,000 a year. As the maximum term is 10 years for such contracts, it is easy to calculate that the state will contribute up to HUF 720,000 to our housing purpose.
The apartment savings itself is made up of 2 parts, the savings and the optional loan. This is roughly how
And why is this good for us with a loan?
Knit but widespread in use
Home savings, as their name implies, are savings that can be used specifically to fulfill your dream of real estate. Specifically, we can use the money we have collected here to:
- buying a home
- loan own funds
- pre-credit; early repayment
The latter two, which are of particular importance to us in this case.
Home saving and credit
As you can see from the previous list, it is worthwhile to enter into such a contract before you take out a loan, as you always need your own resources. And how good it is that the (almost) third of this is the state. ?
Also, with our credit, it is worth saving here. After all , our debt is reduced due to the monthly loan repayments and our money is increased due to the saving of the apartment. And if we roll it into the loan, we can either pay off the loan sooner, or we’ll have to get a smaller monthly repayment.
Moreover, if we choose a consumer friendly loan , there is no cost to this prepayment. This is an opportunity worth exploring.
In the future, we will come up with specific calculations, not to miss, as we may be calculating exactly for you. In almost all cases, we recommend that you have a home savings along with your credit. If you have any questions, feel free to ask! We will call and inform you of any options you may need.