Financing completed - is the interest rate good?

  • Erstellt am 2016-03-04 13:22:53
V

Vanben

2016-03-05 19:08:18
  • #1


Isn't that pretty much irrelevant? I’m canceling because I have a better offer from a different bank. Or what do you mean by that?
 
P

PhiTh

2016-03-07 14:28:51
  • #2
It's like the stock market. You never hit the perfect timing. Be glad about your great interest rate and best not to look anymore...

Financing 350k€ with 3000€ net income fixed for 15 years is, in my opinion, at the limit of what's feasible. I would have chosen a significantly longer fixed interest period here. I can only recommend that you start thinking about the "afterwards" now. Everyone always philosophizes that with the low interest rates you can afford everything, but you should always keep in mind that you eventually have to repay the amount borrowed... In your case, calculated over 15 years, that would be 1940€ repayment per month without interest...

But we are probably a bit too cautious! We are financing the same amount with more than double the net income fixed for 30 years...
 
H

HilfeHilfe

2016-03-07 17:50:01
  • #3
Hello,

I also find the repayment in the annuity very, very daring...
 
P

Payday

2016-03-08 19:31:24
  • #4


Basically, I’m with you and with such differences, you should definitely take a closer look. Banks that seriously want you as a customer all end up quite close together in the end. A bank that believes that its customer doesn’t sufficiently inform themselves on such a topic and therefore wants to "trap" them with a higher interest rate doesn’t deserve better if they do the work and end up with no deal. And if 0.1% better interest means 5,000 euros, you still have to consider what is really cheaper in the end: proving the full amount or having part of it at your free disposal.
 
T

tabtab

2016-03-13 18:01:22
  • #5
So I think you can be satisfied with that when you look at the financial background. I also consider the repayment to be risky, but everyone has a different pain threshold.

In the end, we got 1.77% fixed for 20 years, after long negotiations and cancellation. We are super happy with that, moreover, we split the amount and increased the special repayment option to 10% on the smaller portion, so that after 6 years we already have a rate that is 450€ lower. This way it is optimally adapted to our living conditions. By the way, the highest interest rate we were offered back then was >2.5%. Long negotiations were doubly worth it because it also gave us time, and over time the interest rates went down further. And looking at it now, the interest rates have not really improved significantly despite the ECB decision.
 
P

Peanuts74

2016-03-14 09:19:19
  • #6



I wonder, when I read comments like this, what people want to achieve with them? Do they need confirmation or want to show off what a great deal they might have gotten?
Nowadays almost everyone has internet and can see the currently cheapest online interest rates and compare them with their contract.
Then it’s obvious whether you’ve been ripped off.
Many here, like us, still have a 3 or even higher figure as a blended interest rate before the decimal point and here it is debated whether 1.753356677 is good or if one should have better closed online at 1.723345564...
The world is crazy. Our parents sometimes had to pay double-digit interest rates, so not 2,x but 1x,x!!!
 

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