Hello everyone, my question:
Suppose I want to buy a property with my wife worth 175,000 and I have no equity. However, it is possible to take out a mortgage of € 80,000 on the parents’ house.
Mathematically, that would result in a remaining loan amount of € 95,000.
How would the mortgage affect the overall financing? Is the mortgage then mathematically (e.g. in the many online calculators) to be regarded as equity?
I’m a bit puzzled right now. Thanks in advance!
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