Financing Offer Evaluation - Ideas for Further Variants?

2020-03-18 10:10:14

KfW 153 has a term of up to 30 years but the interest rate of 0.75% only applies for 10 years, right?

correct. That is why it would be an option to not use any equity initially and thus pay off the remaining KfW debt after 10 years.

2020-04-16 11:23:21

The question is whether one can still sleep well with 750k€ of debt and whether one wants to commit for 20/30 years. You can only get out of the fixed interest period after 10 years or upon sale. But the offer is great. In the case of a two-family house, separate financing for own use and rental. Depending on how the equity is currently invested and how bold one is, you may not be able to invest additional equity. Ask a tax advisor what is better

That is not correct!
You can repay a mortgage loan after 10.5 years without a prepayment penalty and then at any time with 6 months' notice. But in the event of a sale, you have no special rights. The prepayment penalty is fully charged if the 10.5 years have not yet expired.

2020-04-16 11:25:04

The 153er is definitely worth it because of the huge subsidy. However, after 10 years, the follow-up interest rate will be a market interest rate.

Financing Offer Evaluation - Ideas for Further Variants?

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IngoBabenhause

IngoBabenhause