Financing offers for a new building

Please ask yourselves why you absolutely want to pay dearly for 30 years of interest rate security as an engineer and tenured teacher. I would also urgently recommend checking whether the [Bausparvertrag] makes sense.

I have a quick question regarding the insurances:

[*]Disability insurance - 30

How much net coverage do you have with it??

This is from a contract I already took out during my studies. The low monthly payment continues until 2022 and then rises to about €75/month by 2030 - I would have to guess the coverage right now (I think it was around €2000), I will check again later. Thanks for the hint.

Please ask yourselves why you absolutely want to pay dearly for 30 years of fixed interest as an engineer and tenured teacher.
I would also urgently advise checking whether the building savings contract is sensible.

The building savings contracts are also a thorn in my side. In the past, people wanted to save nicely here – but then you end up building faster than expected. The terms are also not the best.

It is a good feeling not to have to worry about financing ever again. If that is not significantly more expensive...
We inquired at Bank 1 for a term of 20 years. The interest rate would only improve to about 1.65%. In my opinion, that is not worth it.

I see the chance of interest rates rising as higher than a further decrease. Everyone looks into their own crystal ball here.

If in 10 years we really have interest rates below 1% for all loans, there is still the special termination right.

Please ask yourselves why you absolutely want to pay expensively for 30 years of interest rate security as an engineer and tenured teacher. I would also urgently advise checking whether the building savings contract is sensible.

May I "interject" here: Is it really advisable to choose a short (slightly cheaper) term of, for example, 15 years for such high loan amounts? Then, at the end of the term, you would have a relatively high debt burden... Do the banks agree to that?

Is it really advisable to take a short ("slightly" cheaper) term of, for example, 15 years for such high loan amounts? Then at the end of the term you still have a relatively high debt... Do banks go along with that?

Banks couldn't care less about that. Otherwise, it has nothing to do with the loan amount, but with personal need for security, personal future expectations (interest rates, economy, family development, salary developments, etc.) as well as a mathematical component (how must the interest rate develop in 15 years so that I have to choose one option or another).

The banks do not care about that at all. Otherwise, it has nothing to do with the loan amount, but rather with personal security needs, personal future expectations (interest rates, economy, family development, salary developments, etc.) as well as a mathematical component (how must the interest rate develop in 15 years so that I have to choose one option or another).

I would have thought that the lender would want a certain pacing of the repayment for "large amounts". If not, then it gets expensive... So I could take out a 500K loan, service it with a payment of 1500 euros and only run it for 15 years and then "see" what happens after 15 years? Is that wise (I also have no crystal ball)? And when financing a property, can the payment be adjusted regularly or must one stick to the bank's financing plan?