It’s better to wait for some time, pay russia telegram data off all your old debts. And take out a loan when your financial situation improves. You can look at the debt burden indicator as a guide. If you plan to pay more than 50% for a loan, think about whether it’s worth taking it at all. Imagine, the average mortgage term is 26 years now. We have calculations of how old people will be when they pay off their housing loan. Now, for most borrowers, the full repayment period falls at retirement age.
— What conclusions can be drawn from these statistics?
— If a person takes out a loan for a long term, he should have a financial safety cushion. A lot can happen during these years — both good (birth of children) and bad (you can lose your job). It is advisable to have some financial savings for these periods.
You should not rely on potential income
in the future. It would be great if tomorrow it is even more. But today you need to proceed from what you have and the sase revolution in the digital age carefully weigh the risks. The desire to have your own comfortable home is alb directory understandable, but the risks of falling into a debt hole are real, we see this from the number of bankruptcies.