This new housing funds continue broadening in dimensions enhanced express out of expanded-than-common loans
Within the Finland, a separate casing loan typically has a maturity of 25 years and you may mortgage loan and you will month-to-month loan-maintenance costs you to definitely change one time per year according to several-day Euribor. The borrowed funds is usually next to 4 times the borrower’s annual net income, and repair expense takes up almost one to-fifth off net income. Casing finance have increased in proportions in addition to share away from longer-than-common financing has started to become actually huge. Consumers would be to plan personal debt-related dangers to ensure their financial margin can withstand high desire costs or other can cost you. (more…)