Can we use our economics sensibly?

Wait a minute, I didn't write it like that. I meant that terminating the existing contract and then signing a new one is the least favorable solution. That's a difference. That you don't pay a signing fee with the new contract wasn't known at that time. Although it does surprise me a bit how they would make money then.

Wait a minute, that's not how I wrote it. I meant that terminating the existing contract and then signing a new one is the worst solution. That’s an important difference.

Nobody knew at that time that you wouldn’t have to pay a closing fee for the new contract. Although I do wonder a bit how they plan to make money then.

Yes, that’s true. I did not quote you exactly. I didn’t think it was that important at the time. Sorry!

I don’t pay a closing fee because I work for a subsidiary and therefore get employee conditions. Of course, that’s nice but with the mini home savings plan it’s not a huge saving. My old home savings contract was already largely “over-saved” and the building society accepted nothing except the VWL and kept asking me to terminate it. Surely the savings interest would have been better there, but since it was only about very small amounts, I just took the simplest way.

Basically, I don’t think the home savings contract now is bad at all (even if I originally wanted to use the VWL elsewhere). That way a nice amount quietly accumulates, which you can look forward to at some point.

By the way, for our building financing, we recently also took out a “large” home savings contract to secure the KFW remaining debt. We did that through the bank and not through my employer. Conditions were the same, we had to pay a closing fee to the bank but in return we fall into a “gold customer status” at HVB and get a €300 bonus annually. The closing fee is thereby recovered by the third year and we have everything in one place (the easiest way).

Specifically asked. I somehow have this idea swirling in my head NOW to finalize something so that in 10 or 15 years I have secured the current interest rates when our fixed interest period with KFW and Sparkasse expires and I can then continue to repay the residual debt with the currently secured interest rates.

Is this only possible in the form of a building savings contract?

If in 10 or 15 years the interest rates are still very low, of course I do not want to HAVE to take the interest rates I secured now, but rather want to have the saved-up balance paid out.

I hope you understand what I mean! :)

Specifically asked. I'm somehow thinking NOW about locking in something so that in 10 or 15 years I have secured the current interest rates when our fixed interest period with the KFW and Sparkasse expires and I can then continue to repay the remaining debt with the currently secured interest rates.

Is this only possible in the form of a building savings contract?

If the interest rates are even lower in 10 or 15 years, of course I don't want to HAVE to take the interest rates I secured now, but then have the saved-up balance paid out.

I hope you understand what I mean! :)

We did exactly that last year.

A building saver with 2x VWL over 20 years, which secures us an interest rate of exactly 1.4% in 20 years for our remaining debt. This is only saved with the 2x VWL.

Specifically asked. I'm kind of eager right now to conclude something, so that in 10 or 15 years I have secured the current interest rates when our fixed interest period with KFW and Sparkasse expires and I can then continue to repay the remaining debt with the currently secured interest rates.

Is this only possible in the form of a building savings contract?

If interest rates should still be very low in 10 or 15 years, of course I do not want to HAVE to take the currently agreed interest rates, but rather have the saved-up balance paid out to me.

I hope you understand what I mean! :)

With a building savings contract, you do not have to take the building loan if you do not want to. Therefore, a building savings contract sounds exactly like what you are looking for to me. I don't quite understand your question right now.

We did exactly that last year.

A home savings contract with 2x employer subsidies over 20 years, which guarantees us an interest rate of 1.4% in 20 years for our remaining debt. This is only funded with the 2x employer subsidies.

Perfect!

That's exactly what we're looking for!

Anyone have a recommendation where to get the "best" home savings contract?