Extend the financing for a few months?

Hello,

our new house will not be finished quite as quickly as hoped/planned. So we cannot sell our "old" house as quickly as we thought. The current fixed interest period expires on 30.6., we will probably sell around 30.11. or 31.12.

What options do we have to bridge the interim period? Only one of the two loans for the house is affected, the other runs until 30.06.2015 – so that will cost us a little bit of prepayment penalty but is otherwise unproblematic.

Regards
Roger

Either agree on a variable condition or agree on a fixed interest rate for 3,4,5,6,7,8 months. The latter should currently work quite cheaply. However, then you are tied for this term again.

I agree with toxi. You should include a sales process alongside the completion date. A house is sold within 14 days.