We went to see Fortis bank this morning to discuss what they can offer us. An interest rate of 3,1%, readjusted every 5 years, payable over a period of 25 years. Now we just have to wait for their assessor’s judgement: is the property worth the buying price, and will a renovated house on the property be worth the additional amount we want to borrow for renovations? It’s a question I can’t answer in all honesty either, so we’ll have to wait and see what the experts think. We should know by late next week.

Categories: Finances
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