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2018-07-16 18:01:35

From my point of view, the fixed interest period is too long and therefore the interest rate is too high. If you go for 20 years, you "need" a follow-up financing for 5-8 years at the end (not 9, because the repayment was higher for 20 years) and you have a very good starting position regarding the loan-to-value ratio and thus a good interest rate. Even if interest rates rise, we are talking about manageable amounts. I do not believe they will offset the advantage of 20 years of repayment.

2018-07-16 19:38:53

3.22% interest, what madness. Is the interest rate finally starting to rise slowly, or is it a 120% financing?

2018-07-16 20:01:09

I had 3.25 in 2013 for 30 years at 95% with an insurer. Now refinancing with forward at 1.9 for 18 years

2018-07-16 20:45:51

From my point of view, the fixed interest period is too long and therefore the interest rate is too high. If you go for 20 years, then in the end you "need" a follow-up financing for 5-8 years (not 9, because the repayment was higher for 20 years) and you have a very good starting position regarding the loan-to-value ratio and therefore a good interest rate. Even if interest rates rise, we are talking about manageable sums. I don't think they will eat up the advantage of 20 years of repayment.

Okay, then we will have that calculated as well. Does 20 years fixed interest period instead of 25 years make that much difference regarding the interest rate?

Our plan also foresees paying off a lot in between through special repayments. Various savings contracts, insurances, etc. will mature in the coming years. That means the previously calculated remaining debt after 25 years should be zero anyway.

3.22% interest, what a madness. Is the interest rate increase slowly starting now or is it a 120% financing?

It is an overfinancing, yes. I believe it is 112%.

2018-07-16 20:51:42

0.5% less on 245,000 = 1,250 per year * 25 years = €31,250. So better to pay off 0.5 more than pay interest, right?

2018-07-16 21:37:38

0.5 % less on 245,000 = 1,250 per year * 25 years = 31,250€. So better to pay off 0.5 more than to pay interest, right?

What exactly do you mean? That we should increase the installment to 1,250€ monthly to get an interest rate that is 0.5% lower? How do you know that this is possible?

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