Mortgage Question : eupersonalfinance


Hi,

i am a non-eu citizen , i have received a job offer and moved to Portugal almost 18 months ago.
We are living very close to Porto , around 20 mins away by car. i am 36 and my wife is 35, she is a freelance consultant. Our monthly total income is around 3200eur ./ We have around 60K saving.

We are considering to buy an apartment w 30 year mortgage.The value of the apartment is around 150K , the rent for an apartment like that is around 550 to 700 eur/ Month

i have spoken to my bank and they are giving us the mortgage credit , w ~270 eur monthly payment/ 360 Months

Does it sound like a good investment?

Thank you very much



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