The property manager’s certificate is one of the most important documents in a property transaction. Yet it is also one of the most error-prone. This is a problem because the buyer makes their decision largely based on the information stated in the certificate. What’s the issue? KVKL’s CEO Jussi Mannerberg has publicly raised the issue […]
The Bank of Finland commented and Yle reported at the end of June on a matter that directly affects everyone applying for a mortgage: the down payment requirement for home loans is decreasing. For first-time home buyers, the change sounds like good news. With a smaller initial capital, you can enter the market sooner! But
Down payment decreasing: what it means for buyers Read More »
Here at OUN®, we’re used to looking at the housing market with a fairly critical eye. That’s our job, and honesty compels us to do so. But now: there’s something in the air that we haven’t seen in a long time. No fanfare, no bubbles. But signs. Record Number of Loan Offers in Uusimaa Satu
The housing market is turning around! Is this it? Read More »
A 40-year mortgage sounds like an attractive option: lower monthly payments, easier to qualify for, and you can finally become a homeowner. But before you sign anything, it’s important to understand what a long loan term really costs. The Bank of Finland has already warned that new mortgage regulations could lead to significantly higher debt
40-Year Mortgage, Vol. 2: What First-Time Home Buyers Need to Know Read More »
The media is currently abuzz with talk of 35- to 40-year mortgages. Rising interest rates have made monthly payments higher than they were a couple of years ago. A long loan term is appealing because it lowers the monthly payment. But is it really worth it? Why a long loan term seems appealing For many
A 35-Year Mortgage: When Is a Longer Loan Term Worth It? Read More »
Talk of housing company bankruptcies has become more and more frequent. The media is full of stories about payment difficulties and bankruptcy threats. Many home buyers are asking: should I be worried? The situation has changed. According to the Association of Property Management Companies, last year more than a dozen housing companies were in a
The bankruptcy of a housing company: what should a buyer know? Read More »
Mortgages have traditionally been a safe choice for Finns. Now the wind is changing. According to a recent survey by S-Pankki, 44% of Finns consider a mortgage to be a financial risk. A year ago, the figure was 33%. Meanwhile, the government has already eased mortgage rules twice this year. In April, loan periods were
When buying a new home, you are often faced with a choice: do you pay off the housing company’s loan share in installments over the years, or get your own bank loan and pay off the company loan in one go? Both options have their advantages and disadvantages, and the decision depends largely on your
The Finnish housing market is facing a major transformation, which is hardly talked about openly enough. A recent study by OP Pohjola reveals that nearly 30% of all homes in Finland will be released onto the market over the next 20 years as elderly homeowners move into care homes or die. This “grey tsunami” could
When you buy a home, you will inevitably encounter the concepts of a housing loan, a financing charge and a debt-free price. The amount of loans taken out by housing companies has increased significantly in recent years – in new builds, the amount of the company loan can be up to 70% of the selling
Paying off a housing loan when buying an apartment – is it worth it? Read More »
