Financing with a 35-year fixed interest rate

Question about the special termination right: Do I have this right FROM the 10th year, or only IN the 10th year? In other words: Do I have to decide in the 10th year whether to terminate, or can I also terminate, for example, in the 12th, 13th, or 18th year?

From 10 years... they start to run on the day the loan is fully disbursed. You can terminate all or even parts of it.

[Baugesetzbuch § 489] you can enter into a search engine.

After 10 years you have a right to terminate. Then you can cancel the loan at any time and repay it as you wish.

Uh, yes... almost. Only that he will then have to refinance the remaining amount, interest rate unknown today but certainly significantly higher...

TE spoke of an inheritance?

Uh, yes... almost. Only that he then has to refinance the remaining amount, interest rate unknown today but certainly significantly higher...

...that's why you should only terminate the part you can repay

...for the sake of completeness... as far as I know, there is a notice period.

...therefore, you should only cancel the part you can repay

Wow, partial cancellation is possible? As a non-banker, one is always surprised by this industry.

: The inheritance thing sounded very hypothetical, but he was basically right: without special repayment, you don’t finance.