Different Loans in Denmark to Buy a House or Apartment :
Hey there! This video is all about buying a house in Denmark. In Part 1, we showed you how to find a house online. Now, we're focusing on mortgages and bank loans.
In Denmark, you need at least 5% of the house price as a down payment. Mortgages cover up to 80%, and bank loans cover the remaining 15%. You can borrow around 3-4 times your yearly household income. Interest rates are similar across banks, but check with different banks for the best options.
If you're unsure how much you can borrow, book a meeting with a bank advisor.
Monthly payments can be high, but there are options like interest-only loans. Discuss with your bank to find the best plan. For lower monthly payments, pay more upfront.
🔹 Key Highlights:
Minimum 5% down payment needed.
Mortgage covers up to 80%; bank loans fill the gap to 95%.
Borrowing capacity: 3-4 times your annual household income.
Understanding interest rates and loan types, including fixed and flexible options.
🔔 Don't forget to like, share, and subscribe for more! Ready to navigate the Danish housing market? Let’s get started! 🚀
#DenmarkHousing #MortgageTips #HomeBuying
📢 Related Videos:
Part 1: Finding Your Dream Home
Upcoming: Important Documents & Websites for Home Buyers
See you in the next video! 🙌
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