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Why buying property after 40 is not a disadvantage but an advantage

Why buying property after 40 is not a disadvantage but an advantage

You can buy your own property at any age. However, middle adulthood is particularly suitable for this. Even with little equity, the chances of obtaining financing are good

This article is available for ten days at star PLUS. After that, you will find it exclusively at Capital PLUS, the premium offer of the Capital brand. Capital, like the star to RTL Germany.

Property buyers aged 40 and over are welcome customers at banks. “People aged 40 and over are usually established in their careers and are considered a reliable clientele by many banks,” says Olga Magunia, a specialist in construction financing at the financial consultancy Dr. Klein. Even those who have become self-employed or have changed jobs should not shy away from requesting financing: “The banks are then interested in the reasons behind the life decisions,” says Magunia. If this is plausible, even an unusual life situation is not a blanket exclusion criterion for property financing.

Source: Stern

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