Jens42
2013-12-15 18:38:22
- #1
Hello!
Thank you for your numerous responses. Unfortunately, I haven’t gotten around to replying sooner, which is normally not my style. Yes, it is a home ownership program loan from KFW without a special repayment option like we have for our terraced middle house (energy-efficient renovation). With your replies, especially from Nordanney, I now see three possibilities for us:
a) Take stock and repay the KfW loan (about 32,000 euros). Whether you can take the money again as a loan and claim it for tax purposes if it is still rented out and then in November the 15-year loan is replaced by a new one? Then we could use the money to repay the KfW loan for the terraced middle house if we keep the apartment for a few more years.
b) Variable loan with the current bank, which would then either be repaid when sold or merged with the other main loan in the autumn.
c) Financing with a new bank (preferably the bank of our terraced middle house), which would partially be paid out in April. With our terraced middle house, it should actually have enough collateral for that, and from November it would then be registered in the land register for the apartment.
I am, of course, still very grateful for suggestions and assessments of the three options!
Thank you for your numerous responses. Unfortunately, I haven’t gotten around to replying sooner, which is normally not my style. Yes, it is a home ownership program loan from KFW without a special repayment option like we have for our terraced middle house (energy-efficient renovation). With your replies, especially from Nordanney, I now see three possibilities for us:
a) Take stock and repay the KfW loan (about 32,000 euros). Whether you can take the money again as a loan and claim it for tax purposes if it is still rented out and then in November the 15-year loan is replaced by a new one? Then we could use the money to repay the KfW loan for the terraced middle house if we keep the apartment for a few more years.
b) Variable loan with the current bank, which would then either be repaid when sold or merged with the other main loan in the autumn.
c) Financing with a new bank (preferably the bank of our terraced middle house), which would partially be paid out in April. With our terraced middle house, it should actually have enough collateral for that, and from November it would then be registered in the land register for the apartment.
I am, of course, still very grateful for suggestions and assessments of the three options!