Caspar2020
2019-01-03 15:38:26
- #1
Together with the property, we would then (that was the idea) already have 325,000 at 2% "secured". Of course, only after allocation, but still
But isn't the 1.95 actually the effective rate for the home savings contract loan, or?
Oh dear; but you can't calculate that way because until allocation, there is no repayment. In other words, the effective interest rate for such a construct is considerably higher anyway.
Fixation of the property runs until 2030. It's the house bank, so it will be the same bank anyway.
They will be happy. They will suggest pre-financing the home savings contract...
Or rather include it anyway because their product catalog will most likely not have longer terms than 15 years.
The difficulty with home savings contract constructs is often that the repayment usually increases significantly during the loan phase.