Mortgage payment

[Y77]

i'm currently living with my life in her flat, on which there is still 75k mortgage. I know if she dies before me I'm entitled to live in it, but what about mortgage payment? Do I have to continue to pay it or will it be paid off automatically with her savings after she dies and I only pay the monthly talo vastikke? Thanks

[betelgeuse]

i'm currently living with my life in her flat, on which there is still 75k mortgage. I know if she dies before me I'm entitled to live in it, but what about mortgage payment? Do I have to continue to pay it or will it be paid off automatically with her savings after she dies and I only pay the monthly talo vastikke? Thanks

The estate decides and the terms of the mortgage matter. One way or the other, the bank will want the money. The estate will need to pay of debts before anything can be distributed. For example, Nordea's terms (11.2) say that the bank can demand payment if a borrower dies.

https://www.nordea.fi/Images/147-71070/RH013EP.pdf

[Y77]

i'm currently living with my life in her flat, on which there is still 75k mortgage. I know if she dies before me I'm entitled to live in it, but what about mortgage payment? Do I have to continue to pay it or will it be paid off automatically with her savings after she dies and I only pay the monthly talo vastikke? Thanks

The estate decides and the terms of the mortgage matter. One way or the other, the bank will want the money. The estate will need to pay of debts before anything can be distributed. For example, Nordea's terms (11.2) say that the bank can demand payment if a borrower dies.

https://www.nordea.fi/Images/147-71070/RH013EP.pdf

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