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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