Financing with low repayment and many special repayments

2018-02-16 17:52:42

After 10 years, termination is possible with a notice period of 6 months

2018-02-16 19:16:53

I am of the opinion that people tend to generalize too much from themselves to others here. If the OP has this plan, which can certainly work, then he should go ahead with it. We have built and made a special repayment of €15,000 in the month of moving in. Here in the forum, you always read that something like this is absolutely impossible. But it is not. We also pay off 3,x % monthly, but we only want to proceed with the special repayments so that the house is definitely paid off after 15 years. Because then we want to fulfill other dreams (own motorhome, traveling...).

2018-02-16 22:21:14

Here in the forum you only ever read that something like this is absolutely not possible.

That basically depends heavily on the boundary conditions, but was and always has been clear on page 1 of such a thread. Actually.

2018-02-17 01:16:46

...Here in the forum you always only read that something like this is absolutely not possible. But it is. ...)

This "always only"... "not possible" I have NEVER read like THAT before. There are warnings, yes.

2018-02-17 07:02:50

The basic problem with discussions like this is that many here describe themselves as experienced when it comes to financing. In reality, however, most have only been involved in a single financing, namely their own. And that is usually not even completed, but still running for XX years. Whether it was good or bad will only become clear in the end. Everyone here reports on their projected individual case, which many read, and everyone considers themselves experienced. No offense intended, but that is nonsense. The phenomenon of collective intelligence does not apply here because hardly anyone could learn from their actual mistakes yet; almost all are at the beginning of their journey. Real financing experts (i.e., those who have actually experienced how real financings have developed over the years) you will probably not meet here in the forum. You should rely on expert advice and your gut feeling. The often threatened forced foreclosures here occur very rarely in real life. I follow this area very intensively. 10-year-old houses are extremely rare among them.

2018-02-17 07:24:28

The fundamental problem with such discussions here is that many people here describe themselves as experienced when it comes to financing. In reality, however, most of them have only accompanied one single financing, namely their own. And that one is usually not even completed yet but still runs for XX years. Whether it was good or bad will only become clear in the end. So everyone here reports on their projected individual case, many read that, and everyone considers themselves experienced. No offense, but that's nonsense. The phenomenon of collective intelligence does not apply here because hardly anyone has been able to learn from their actual mistakes, but almost everyone is at the beginning of their journey. Real financing experts (i.e., those who have actually experienced how real financings have developed over the years) you will probably not meet here in the forum. You should rely on expert advice and your gut feeling.
The often threatened forced auctions here happen very rarely in real life. I follow this area very intensively. 10-year-old houses are extremely rare among them.

That is not correct. Many are familiar with the subject matter and speak of the actual situation. It is a fact that banks are currently struggling with old loans. These are increasingly being prepaid or prematurely ended with the option according to the Building Code (also a form of prepayment). These refinancing arrangements are repaid at a very high rate. Now, regarding new financing: it is often said here, keep the repayment rate low and manage everything through special repayments. There are also reasons for this, since high loans are sometimes taken out due to the boom, where a 1% higher repayment rate already hurts. Here you really have to ask yourself if you can manage that as well when you already fail at 100€ more installment for, for example, consumption. The repayment behavior is therefore very different.

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Financing with low repayment and many special repayments

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