Danes Get 20-Year 0% Mortgages

Re:Danes Get 20-Year 0% Mortgages by vachi on Tuesday January 05, 2021 @04:24PM (#25651297)

The key term here is Danes, not residents of Denmark, but individuals who are born or naturalized Danes, even many of the naturalized ones do not get the same rates. By default Danes get ~5% downpayment where none Danes get ~40%.... yay

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Re:Danes Get 20-Year 0% Mortgages by jopsen on Tuesday January 05, 2021 @06:57PM (#25653041)

Well, given that the interest rates are negative, it's kind of hard to tell if 5% downpayment is better than 40% downpayment..

Afaik, the norm is 20% down, but the banks will loan you another 15% at a higher rate if you want that.

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Re:Danes Get 20-Year 0% Mortgages by paozac on Tuesday January 05, 2021 @05:11PM (#25651901)

Indeed, if you're a foreigner the conditions are far worse: higher interest rate, higher downpayment e lower loan amount.

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Re:Danes Get 20-Year 0% Mortgages by SebastianKumor on Tuesday January 05, 2021 @05:02PM (#25651787)

Not true, my friend(who is not a danish citizen) bought a flat in copenhagen and got 5% downpayment

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