Error in financing?

  • Erstellt am 2016-05-15 00:10:51

Uwe82

2016-05-15 12:57:34
  • #1
If the part after 15 years is a [Bausparvertrag], a repayment rate is mandatory and it is often higher than the previous rate. Some bankers do not say this directly, I have experienced it often enough myself. So be careful with this second part!
 

HilfeHilfe

2016-05-15 13:22:35
  • #2


Hello!

OK, now it looks different. But these are just "games". You can easily recreate all 3 models in Excel. They are just normal annuity loans. I have done that too or "play" from time to time with special repayments. It is clear, of course, if you use freed-up funds for repayment, that shortens the duration.

However, you will neither get models nor assumptions from the bank after the interest fixation. They would be overextending themselves. It is similar with these maturity payments in capital life insurance. How nice it was to see an 8.00 in the model, and in the end the surplus was meager.

What I still don’t understand is component 3, do you also have a follow-up financing at 2.35% there? Or is the remaining sum redeemed with component 2 after 15 years?
 

Henrik0817123

2016-05-15 13:57:48
  • #3
no, everything runs in parallel, II and III only 15 years over the 1.35 or... 1.9% interest and then both continue respectively and each fixed at 2.35%...
 

HilfeHilfe

2016-05-15 14:04:31
  • #4


so you have a fixed rate period of 30 years with one fixed jump

correct?
 

Henrik0817123

2016-05-15 14:24:23
  • #5
that's how I understood it, yes.
 

nordanney

2016-05-15 20:04:44
  • #6
I have never seen anything like this before. If these were [Bausparvertrag] variants, a savings phase would have to take place – but it doesn't look like that. Why a jump during a fixed interest period? How is a bank supposed to calculate that for itself? You should have the structure explained to you in detail.
 

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