Mortgage savings can also replace other provisions for one’s old age, such as the private supplementary pension. The second support of the old-age provision is built with the aid of mortgage savings agreements. This second support – your own property – assures, together with the legal pension, the standard of living for the old age. In fact, pensioners renting a house or an apartment have to spend 30% or more of teir income and even more for their lodging, whereas house or apartment owners only have to take into account 5 to 10% for that purpose. So they make a considerable saving every month; meaning additional security in old age.

Your own four walls are your “pension of stone”.