The two home savers are Good Finance and Good Credit Home Savings, both of which are popular products! Both products achieve good results with different features.
We compared and came to the following result:
- For those whose savings are most important, decide on Good Credit,
- if the mortgage loan is available, Good Finance will take the palm.
We’ll show you how to choose!
The two offers are very similar, but we found a difference in terms of life situations because there is a big difference in promotions and discounts over the same term.
Now we look at the offers of 4 and 10 years with the payment of HUF 20,000 / month by the two popular apartment savings banks, Good Finance and Good Credit.
Good Credit A Home is 4 years old
48 Months $ 499.00 save on THM 7,59% $ 1,549,504 loan $ 100
Good Finance is 4 years old
48 Months $ 499.00 savings on APR 9.85% $ 1,927,230 on loan $ 100
Good Credit A Home is 5 years old
60 Months $ 599.00 save on THM 7,29% $ 2,036,099 $ 36,000 Open Account
Good Finance is 5 years old
60 Months $ 599.00 save on THM 7.29% $ 2,133,700 loan up to $ 40,000 open an account
Good Credit A Home is 6 years old
72 Months $ 5,000 save on APR 6.70% $ 1,877,230 on loan $ 60
Good Finance is 6 years old
72 Months $ 10,000 savings THM 4.03% $ 2,052,200 loan $ 50,000 account opening
Good Credit A Home is 10 years old
120 Months $ 5,000 save on THM 6,34% $ 4,464,135 loan $ 5,000 open an account
Good Finance is 10 years old
120 Months $ 3,000 save on THM 6.34% $ 4,514,223 on a $ 26,000 account
It seems that the yields vary with different maturities, but even the account opening fee influences the yield.
Good Finance gives longer maturities than Good Credit, which also affects our available returns. The account opening fee also counts, their promotions and discounts!
If you take the most money you can!
Because of today’s real estate prices, home savings are becoming more and more popular, which is why the contracted amount does not matter.
The contractual amount is divided into two parts
- of the amount saved
- from a home loan based on your savings
Good Finance Home Savings offers higher savings than Good Credit. The difference is due to the difference between the maturity and the account opening fee. Preliminary comparison shows this.
Good Finance stands out in the housing savings market as well (3.5% loan interest rate)
When is the Account Opening Fee?
The only significant cost than saving a home is the account opening fee. (This is usually 1% of the contract amount)
Good Finance Home Savings does not offer account opening discounts or special offers!
Good Credit gives you a discount on opening an account with no new product, so there is no additional cost.
According to the expert:
“All in all, the savings bank products of both homes have their advantages and disadvantages. Good Credit offers you more for savings and Good Finance for favorable terms when you need a loan to buy a home. ”
One of the biggest financial issues in our lives (and such as taking out a home loan) is to make a well-informed decision.
If you would like to take a loan, you are interested in your options, call our credit brokerage specialists to help you make a professional decision!