by Rezzonto » Thu Nov 25, 2021 1:38 pm
In Europe, a bank is focused on helping its customer, and at the same time, not forgetting its own small profit. The whole West lives quietly on credit, so banks profit from the number of customers, not from high-interest rates. The rate can be lowered quietly, knowing that there will be enough borrowers. Banks in Europe don't hide interest rates under some harsh conditions like in the United States. Europeans have a practice of reverse mortgages. You might be interested in a guide to reverse mortgages. So, it provides for their old age, and they move to cheaper countries like Greece.