Northern Europe

admin — Sat, 14 Mar 2020 21:56:09 +0000

In Spain there is an ampllia culture of having residence in property contrary to what happens in other countries in Europe, mainly in the Anglo-Saxon world and Northern Europe where it is more usual to live rentals. Without a doubt, have housing in property has its advantages though it entails an added effort throughout life in terms of the monthly payment that we must do in mortgage payments for 30 and even 40 years and taxes that we pay on the housing, as the IBI or urban contribution and maintenances of the own building with community feesliability insurance, several works and repairs etc. One of those advantages, them are finding now already retired people who are with their incomes are reduced drastically from working life to retirement and where the public or social security pension not enough for our needs. As we say, arriving at retirement, if you have a House on property, can complement the public pension with a monthly income that we get through the mortgage of our floor and without having to sell or abandon it. This figure is known technically as a reverse mortgage or also mortgage pension, is simply ask a bank or savings box that a mortgage loan through concea us which instead of having the mortgaged amount at one time, is doing us monthly supplyings which may well be as temporary income for the years chosen as annuity until his death.

ecuador – Los Angeles Downtown Condos

Northern Europe