Modde
2016-01-14 09:59:48
- #1
Following situation:
House was purchased 5 years ago and a bank loan with a 25-year fixed interest rate was taken out. We want to sell the property again for various reasons and purchase another used property. I do not want to talk to the bank directly yet. But would it generally be possible with the banks to basically convert the existing loan and use it for the purchase of the other property?
House was purchased 5 years ago and a bank loan with a 25-year fixed interest rate was taken out. We want to sell the property again for various reasons and purchase another used property. I do not want to talk to the bank directly yet. But would it generally be possible with the banks to basically convert the existing loan and use it for the purchase of the other property?