Construction financing house building & prepayment penalty

The bank doesn't have to do anything and I think you're out of luck here. :( I couldn't even negotiate a lower VFE with my old employer. That's why we now financed with another bank... Why did you even stay with the less favorable bank? And why do you have to pay back the loans now? Isn't that only possible when selling?

Hello,

I agree with the previous speakers. A security exchange would have been best. Now you are in the weaker position. Were there protocols, etc.?

Otherwise, you are at the mercy of the bank here.

I like to paraphrase Nordanney:

A security swap brings no real advantage, as the VFE roughly corresponds to the additional interest costs when continuing the existing loan.

So don’t always see the bank as the bad guy.

Only the calculation and calculation assumptions as well as suitable "pressure tools" can be cost-saving. The latter has been lost by the OP. Only technical/legal errors remain.