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15% house buying down payment

Can We get loan

NIL
post 9.Oct.2019, 09:15 AM
Post #1
Joined: 9.Oct.2019

Hi everyone

I am wondering how people can afford paying 15% dawn payment to buy a house/apartment.

Does anyone have an experience to borrow part of it from the bank? (Of course the interest will be higher)

thanks
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gterreni
post 9.Oct.2019, 04:39 PM
Post #2
Joined: 9.Aug.2018

Hej!
Officially, banks tell you that you are supposed to have that 15% without borrowing.

In practice, most banks will propose you a personal loan in case you can't afford the full amount. Hell, even SBAB (that is at least partially state-owned I believe) offers a loan as part of the standard mortgage calculator and without too much of a fuss.

These loans are usually between 6 and 36 months, have higher interest and not more than 250k, so plan your expenses well because that's quite a hit.

Your choice with which bank to ask this loan to, but it's certainly better to try and avoid the expense all together.
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TheExpatEagle
post 9.Oct.2019, 07:24 PM
Post #3
Location: Skåne
Joined: 23.Aug.2016

QUOTE (NIL @ 9.Oct.2019, 10:15 AM) *
Hi everyoneI am wondering how people can afford paying 15% dawn payment to buy a house/apartment.Does anyone have an experience to borrow part of it from the bank? (Of course ... (show full quote)


It's the same as any other country which requires you to have a 'deposit' or part of the final price yourself.

You can get what the Swedes call a 'top loan' to pay it but as you say it will be very expensive and not designed to be for a long period.
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skogsbo
post 10.Oct.2019, 05:54 AM
Post #4
Joined: 20.Sep.2011

Top loans.

You won't get one if you have not shown any capacity to save at least some of the deposit though.
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