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Buying a property at the age of 30: creditworthiness beats equity

Buying a property at the age of 30: creditworthiness beats equity

Buying real estate is at the top of many people’s wish lists. But financial resources are often limited, especially at a young age. With good creditworthiness and realistic calculations, the dream of owning your own home can still be realized.

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Buying a property at a young age has a number of advantages: The term of a loan can be extended over a long period of time and allows for lower rates. In addition, younger people often have more financing options and support programs available. Those who buy earlier for their own use also benefit from living in their own four walls for longer, do not have to worry about high rents and, ideally, own a debt-free property before they reach retirement age.

Source: Stern

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