Financing without prepayment options due to annuity loan

There is no interest-only repayment. At most, balloon payment. And that only makes sense if you rent or lease out and can consistently write off the interest as expenses. You need a counter-product that saves up the full balloon repayment. It used to be an LV. Today? Karsten

We redeem at maturity. The first part is due in 2 years. How do we save? Simply by ourselves, e.g. on the stock market. No life insurance will come into the house ;)

This is not difficult at all, just look at all those home savings contract financings. You just need a substitute product, classically life insurance policies, but funds can certainly be mixed in as well. But do you want to depend your house on that? Maybe not ...

A life insurance policy is rather a bad joke. Of course, you should not depend your house on it. I already wrote that the appropriate conditions should be met and that means there should still be enough assets in reserve.

We repay balloon payment style. First part due in 2 years. How do we save? Simply ourselves e.g. on the stock market. No life insurance is coming into my house ;)

Exactly like that. Everything done right.

A life insurance policy is rather a bad joke. Of course, one should not make the house dependent on it.

One can quite well outlive a whole life insurance policy.

It once had the charm that you could get great returns and at the same time be covered in case of death. And it could also be cheap if you insured the 3-year-old daughter.

Well, that may have been the case in the past. Today, a life insurance policy hardly brings anything in terms of returns.

Just like back then when life insurance was sold as a redemption substitute until it went wrong, today other products are simply used as redemption substitutes. The fact is, if the plan doesn't work out and you are not very liquid, then property ownership is at risk.