A financing plan is used to find out both how much your investment will cost and your available resources.
As a general rule, you should be able to spend a third of your monthly budget on repaying your real estate loan. This limit may be exceeded, however, providing that you are still able to balance your budget. Your personal circumstances are unique and only your housing advisor will be able to provide you with a tailor-made financing plan.
To find out how much you need to borrow, just list all of the project costs, such as the building purchase price or construction cost, the cost of the land, and the cost of any renovations, without forgetting related expenses such as architect's fees and mortgage deed fees. This will tell you the total costs.
![[Translate to English:]](/fileadmin/_processed_/e/5/csm_06_Portrait__Charles_Pletsch_Interview_01_06225bb76e.jpg "[Translate to English:]")
Over the past weeks, the media has taken up the topic of the rising interest rates which is causing our clients to ask all sorts of questions about their…
Now that Sophie and Mark are in a civil partnership, they are thinking more and more about building a house. Sophie already sees herself planting roses in her…
A few weeks ago, you took a trip with your family to the countryside and came across a magnificent little house for sale. Since then, nobody can stop talking…
The high real estate prices are a direct consequence of the imbalance between supply and demand for housing in our country. But how did this imbalance occur?…
Spuerkeess is market leader for residential real estate loans in Luxembourg. We spoke with Michel Zimer, Vice President of Credit Process Management, and asked…
Are you considering a real estate project but don't know if you can afford it? You can find out the sum that you'd need to borrow and how much you…
You've found your dream house, and all you have to do now is take out a housing loan with your bank. You're wondering whether to go for a fixed or…
Whether it is to live in or rent out, buying a property also offers a number of tax benefits as set by law. In order to help you better understand these…
You've decided to invest in real estate? Congratulations! Investing in bricks and mortar remains an interesting bet when preparing your retirement. It…
In case you haven't noticed, it's cold outside! Out with the summer jackets and in with the scarves and overcoats! This is also usually the time when…
Spuerkeess is aware that the ongoing price increases put pressure on customers who want to purchase real estate, whether for their own needs or as a rental…
If you have just finished your studies or started your professional life, you are probably not thinking about saving money. And even less about saving to buy a…
