Buy, rent or both to build up a real estate heritage
© Copyright 2022, L'Obs fourteen years: this is the average time that it takes, in France, for the purchase of the main residence to become More profitable than rental according to the latest study "Buy or rent?" (its main residence) »from the Bestaux group.
heritage for the acquisition of a main residence becomes more profitable than rental, the French must on average expect fourteen years, according to a Bestal study relayed by the Obs , Monday, December 19. By way of comparison, in 2021, six years were enough for the property acquired to offer advantages to its owners.
Benefit from the advantages of real estate investment
However, beyond acquisition and rental, it is also possible to rent and buy. More specifically, the housing budget will be revised downwards by remaining tenant of your main residence . Indeed, the rent will be up to twice as important to the monthly payment due in the event of purchase of a similar area. To make a credit purchase, it will be possible to use this additional savings capacity.
Real estate credit: The maximum rate for a loan at 20 years will exceed 3% on October 1
© Paegag / Stock.adobe.com more households will have access to mortgage. This is good news for all those who have a real estate project. The rate of wear, that is to say the maximum threshold beyond which financial institutions are not allowed to lend, will increase significantly on October 1. This rate will thus go from 2.60% to 3.03% for loans under 20 and 2.57% to 3.05% for loans over 20 years old, the Banque de France announced on Wednesday.
By acting in this way, thanks to a rental of the property, it will be possible to keep it for a long time. In addition, it will be possible to use perceived rents (which will increase savings capacity) in order to settle monthly payments. And on the other hand, staying tenant will keep your freedom (to move, to change for larger accommodation). In summary, rental investment makes it possible to benefit from the advantages of real estate investment (profitability, solidity, etc.), reimbursement of the loan thanks to the credit lever, but also from the rate that remains attractive.
Article Real estate on credit, the right solution to build up an heritage appeared first on Better Living your money .
How to Finance a Used Car .
Used cars can be expensive. Here's how to finance your purchase without paying more than you have to.By Benjamin PrestonUsed cars can offer big savings over new ones, but if you need to finance y our purchase, you may not save as much as it seems at first blush. For starters, the average price of a used car is almost $29,000—much higher than in pre-pandemic times. And interest rates for used cars can be double what you would pay for new-car financing, which is often subsidized by the manufacturer to make higher-priced new cars more attractive. With interest rates on the rise, a higher rate could cost you thousands.