IN-ordning (individual repayment of joint debt)

IN-ordning stands for individuell nedbetaling av fellesgjeld, individual repayment of joint debt. It lets you pay down your own share of the cooperative’s fellesgjeld, fully or partly, independently of your neighbours. You pay at least 30,000 kr the first time, and then whole amounts of 5,000 kr. When you pay down your share, the part of the felleskostnader that covered interest and instalments falls accordingly, leaving you with lower monthly costs and less exposure if rates rise. Check the sales prospectus for whether the cooperative offers an IN-ordning and whether the seller has already paid down their share, since it affects both the felleskostnader and the total price.