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Table 8 Arguments for taking a mortgage loan (decision = 1)

From: Developing financial competence about mortgage loans by informal learning using banks’ online calculators

Reference arguments

Concept mentioned [on webpage (w), in case (c)]

Ref.

N (%) of students

CG

EG

The duration of the term of the loan is appropriate

w

X

  

Repayment of the loan lasts until retirement age is reached

w

X

 

3 (75)

Rate is less than disposable monthly income

w/c

X

4 (50)

2 (50)

Level of interest rate is low

 

X

  

Expenses for contingencies must be taken into account

w

X

 

2 (50)

Common arguments named by students beside reference arguments (N > 1)

Concept mentioned [on webpage (w), in case (c)]

N (%) of students

CG

EG

Income seems to be safe

c

3 (37.5)

2 (50)

The term of fixed interest is sufficient

w/c

2 (25)

 

No rent payments

c

2 (25)

 

Real estate as an investment

 

2 (25)

2 (50)

A house is your own property

c

2 (25)

 

Free disposable income after term of fixed interest is adequate

w/c

 

3 (75)

Repayment of the loan lasts until retirement age is reached

w

 

3 (75)

Unscheduled repayment is possible

w

 

2 (50)

A house is a retirement provision

  

2 (50)

  1. Ref. reference arguments, X part of the reference argumentation