It is always the same question that every one of us is asking before signing a home loan with his bank. To gain a more objective overview, let’s analyse them one by one with their respective advantages and disadvantages.

Often you hear people say: “Anyway, until I have paid off my home loan it’s the bank who owns my house”. But is it true?

The rate remains fixed for a pre-defined period and, at the end of the period, is subject to a revision. The pre-defined period can vary from one bank to another but is generally 3, 5 or 10 years.

Here is a quick overview of the steps to complet before you can start emjoying your new home and getting to know your new neighbours.