Financing with a 35-year fixed interest rate

  • Erstellt am 2018-10-15 11:50:33

SenorRaul7

2018-10-15 14:20:36
  • #1
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?
 

face26

2018-10-15 14:28:20
  • #2
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.
 

Obstlerbaum

2018-10-15 15:15:25
  • #3

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

Mottenhausen

2018-10-15 15:17:51
  • #4
TE spoke of an inheritance?
 

face26

2018-10-15 15:47:35
  • #5


...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.
 

Obstlerbaum

2018-10-15 15:48:17
  • #6
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.
 
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