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One thing to understand about Sweden is that mortgage rates are lower and mortgage terms are much longer, up to over 100 years. Sweden and a few other EU natio
by vmception 5y ago
One thing to understand about Sweden is that mortgage rates are lower and mortgage terms are much longer, up to over 100 years.
Sweden and a few other EU nations have their own Central Bank and can do distortions greater than the European Union Central Bank, while garnering even less publicity, let alone less local knowledge that these are strange actions.
- oolang 5y agoYou are absolutely right. This is by far the main reason. Even more so as in Sweden you usually have two mortgages. One personal which is used to purchase the property and one taken out by the co-op itself which you pay as part of the monthly fee. On top of that you are also personally liable for mortgage debt.