Leokupp79
2023-03-14 09:16:05
- #1
Here is an update.
This week we received the draft for the notary contract and therefore requested an offer from Sparkasse for a first overview of the current interest rates. The details in the offer (10 years fixed interest rate and €550 installment) do not yet match our expectations, but I am still a bit shocked by the 4.59% effective annual interest rate. Next week we have an appointment with a broker and I hope there will be better offers. I expected that the interest rate would be around 4%, but I find this already extreme.
Then you have definitely made more progress in the planning. A 10-year fixed interest rate and €550 installment also seem a bit high to me. I think you are doing the right thing by not relying solely on your Sparkasse/house bank. They obviously want to keep you as a customer and are not interested in you getting offers elsewhere. A colleague of mine had the same problem and he had almost signed with his Sparkasse. I think the broader you search, the better. I can gladly ask him who helped him back then.