Financing offer special annual repayment possible

Ok, then we will stick with 15 years. However, the KFW home ownership program has a higher interest rate for the 10 years than the offer from our bank.

Ok, then we’ll stick with 15 years. However, the KfW home ownership program has a higher interest rate for the 10 years than the offer from our bank.

good, then KfW doesn’t make sense.

you write offer from the bank. Have you asked a broker? The argument of interest rate security is flawed, no one can guarantee where the interest rate will be in 10 years. 2000-5000 special repayment with that income... ok, you have a high annuity. but that’s just a drop in the bucket. this year we managed 3,500 with 2 kids.

in your place, I would consult a broker, inquire about 15 and 20 years and see what happens, even if it’s just for the good "feeling"

We had already inquired with [Vermittler]. For 15 and 20 years, our local bank made us a significantly better offer. We received an offer for 20 years, but the interest rate is significantly higher at 2.21%. The matter of the special repayment is now cautiously calculated if we continue living as before and still put something aside for ourselves. Presumably, buying the house will encourage us to save a bit more.

The interest rate is clearly higher at 2.21%.

Security costs. But what is the small surcharge compared to a possible interest rate of 8% when your 10 years expire? Your repayment of about 3% is also not particularly high.

Actually, you want the all-in-one solution ;).

However, it must be said that the condition you have is really great. It is not a condition from a mortgage bank (they cannot offer such a condition) - rather a savings bank or similar, which wants to secure the financing at all costs.

Who doesn’t want the egg-laying wool-milk-sow? We would take a 15-year term. And whether we repay 3.5% now and save by making special repayments or just take a higher repayment rate, it’s the same in the end, isn’t it? And yes, it is a Sparkasse.

And whether we now repay 3.5% and what else we save we pay off early or just take a higher repayment rate, it comes to the same thing, right?

No, because the savings bank can offer you better conditions with a higher repayment (lower capital tie-up at the savings bank). It is also clear that with a longer term you will receive significantly higher conditions.