The Housing and Construction Authority encourages borrowers to familiarize themselves with and compare different loan options before taking out a loan. Harmonized information on loan options and the development of the principal and payment burden can be accessed, for example, on the Consumer Agency's website.
Here you can compare for example:
- Two loans with different credit periods.
- Two loan combinations, for example according to the sales statements of two apartments.
- Indexed and non-indexed loans.
- Annuity loans and loans with uniform instalments.
- New borrowing versus taking over a loan as well as taking on a new one.
Advantageous loans with low interest rates may be secured as liens on apartments that it may be sensible to acquire. For older loans, for example, you do not have to pay new borrowing fees.
When assessing the debt burden, it is important not to look only at the next 12 months, because some loans may be paid off before others. It is therefore better to compare the average payment over the entire credit period.
Attention is drawn to the fact that the calculations are estimates based on the criteria that have been selected and the conditions that are in force at any given time. The results are therefore only for reference and not binding for HMS. All calculations on the HMS website are published with a disclaimer of possible errors.