Financing monthly installment €2500 with 40 years term

  • Erstellt am 2022-09-03 23:13:46

Nemesis

2022-09-06 14:47:52
  • #1


I think you’re mistaken:


Although...


;)
 

Joedreck

2022-09-06 17:09:23
  • #2

You better not be mistaken there. There are extensive possibilities not to have to pay company pensions under certain conditions. They are not as secure as some believe.
 

Neubau2022

2022-09-06 17:59:09
  • #3


I’ve read everything. 80% of the amount is paid by me. The company only adds 20%. But there are hardly any exceptions to non-payment. Even if the company closes (hospital currently over 90% occupancy), I can continue to pay the pension myself or let it rest. However, it should only be an "emergency fund" and the financing is not based on it :cool:
 

xMisterDx

2022-09-06 19:20:40
  • #4
It belongs to the realm of legends that a home loan must/should not run into retirement and that one constantly has to renovate a house in old age.
My grandma lived in her house until she was 95 and hadn’t renovated it for at least 35 years... that worked without problems. As long as the heating doesn’t fail... a few drafty windows or an old-fashioned bathroom, so what?

Also with the home loan. What is supposed to happen to me if there are still 50,000 EUR left at retirement? The house is worth much more than these 50,000 EUR, so the bank has top security in case of my death... that’s why the bank would also gladly give me a 10-year loan with a monthly rate of 500 EUR at age 67.
And if I don’t have those 500 EUR... then I couldn’t afford a rental apartment either...

PS:
One has to free oneself from the idea of viewing the follow-up financing the same way as the initial financing. In follow-up financing, one is usually much better off because the remaining amount is smaller and the security (equity and value of the house) is much higher.
 

xMisterDx

2022-09-06 19:25:59
  • #5


If you look at it that way, then there is also no guarantee that I will still receive a state pension in the year 2050. Perhaps the Federal Republic of Germany will no longer exist in its current form, and the successor regime will no longer feel bound by old laws.
 

Tassimat

2022-09-06 20:02:09
  • #6

If you financed with less than the current 3.x%, then the follow-up financing looks anything but better. That means either increasing the installment or reducing the repayment and financing even further into retirement.
50% of all retirees are early retirees!

Early retirement for health reasons (back, burnout) is a real risk, especially mental illnesses among teachers. Or unemployment at 60+ for regular employees. Who knows how low the pension will be then. At the same time, the remaining debt is still high.

Financing into retirement... simply not good.
 

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