Current experiences with interest rate conditions

Hello Meecrob

BTW. Wollt ihr euch nicht lieber unter vier Augen weiterstreiten?

We are not arguing, we are just discussing different models :D

Zum Thema. Ich habe 3,74 nom. für 30 Jahre bekommen.

30 years term or really 30 years fixed interest rate?
If it is really 30 years fixed interest, then the financing would be identical in my case. With the same rate, your model is finished 1 year earlier calculated for my case, but 1300 euros more expensive (so the financing can be considered identical in good conscience)

Kommst du nach 10 Jahren aus der Geschichte wieder raus?

Yes, since this is legally regulated. You can cancel any loan after 10 years.
How the termination of the building savings contract works I don’t know by heart. But since you are still in the saving phase after 10 years, there are also possibilities. Of course, you do not get the closing fee (1%) back then.

(PS.: Ich habe nicht behauptet, deine Finanzierung ist schlecht - nur komplex, birgt also mehr Risiken etwas zu übersehen. Deshalb mein aufrichtiges Interesse.)

Not that complex - you just need an adviser who can explain it :D
The huge advantage of "my" model is simply that the interest – and thus the monthly burden – are fixed from the start and you have no more risk.
If there are now banks that also offer fixed interest rate of 30 years with Ann-D., then "my" model of course loses its advantage.
The disadvantage is the somewhat higher costs...

Regards
Micha :cool:

Hello!

[.Meecrob]Wouldn't you rather continue your argument in private?[./Meecrob]

Well, while I’m practicing here, Micha has already replied. As far as I can see, with the same monthly burden, you don’t need a 30-year commitment, since you are debt-free after about 25 years.

I also had another thought. While the loan e.g. is obtained from Wüstenrot Bank AG, you probably save the credit with the Wüstenrot building society , right?

In the event of insolvency (which apparently is not unusual nowadays, even for banks or states), the debts definitely remain, but the credit would then be lost :p! This of course also applies with TA via LV.

I hope Micha doesn’t sleep a little restlessly for the next few years ;).

Best regards, TomTom.

Wrong: [.Meecrob]Wouldn't you rather continue arguing in private?[./Meecrob]
Correct: [.QUOTE=Meecrob]Wouldn't you rather continue arguing in private?[./QUOTE] But without the dots!

-> omit the dots and use "Quote=".

In the event of insolvency (apparently nothing unusual nowadays, even for banks or states), the debts definitely remain, but the credit balance would then be lost:p! This naturally also applies to TA via LV.

It makes no difference per se. If he has the building savings contract elsewhere, that provider can also go bankrupt.

30 years term or really 30 years interest rate fixation?

Interest rate fixation fortunately :). A good 31 years term, without special repayment or increase of repayment.

Yes, because it is regulated by law. You can terminate any loan after 10 years.

Yeah sure. I was talking about the home savings contract. They are always quite difficult to terminate - or rather not difficult, but with painful losses.
In general, I am not a fan of home savings.

Not that complex either - you just need an advisor who can explain it :D

Exactly, that is the point. A good salesperson can also sell it to someone who doesn’t understand it.
You can only trust your advisor/salesperson if you trust yourself to understand the subject matter.

The huge advantage of "my" model is simply that the interest rates - and thus the monthly burden - are fixed from the outset and you have no more risk.
If there are now banks that also offer 30-year interest rate fixation with Ann-D., then "my" model naturally loses its advantage.
The disadvantage is the somewhat higher costs...

I wouldn’t have thought that either. I found out through an acquaintance. Every bank does it differently. For example, Sparda does not offer at all the possibility to extend the interest rate fixation beyond 10 years.