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October 2018

Patron

10 things most German banks won’t tell you about your mortgage

Once leading a simple life of little means, some of us are now facing the realities of adulthood. Enough with wasting money on rent, it’s time to buy property to call “home”. The prospect is exciting but the road is long, and the hurdles numerous. Some of them are particularly harsh on foreigners like us; language barriers and lack of local rules/market knowledge for example. It’s just simply not nice to feel ignorant or fooled by the bank mortgage specialist (I’ve been there, i know).

While it is a regulated market, bank will sometimes withhold information that could be beneficial to you. Here is a selection of what you should probably know about before you apply for a mortgage, and after too.

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