So the refinancing is done. Two years ago, I took out a forward loan at 2%. I checked today out of interest what I would get now 1% !! Really crazy how much it has dropped. Hmm, should I be annoyed or happy now?
The deal was good when you made it. That counts. You can’t do anything about the rest, no one has a crystal ball.
I financed at 1.95% for 20 years and that was really good at the time of the contract. I had many appointments with banks, several brokers, etc.
Now, in the absolute low-interest phase, it would probably be more like 1.4%. That’s tens of thousands of euros difference. Well.
The clock is ticking, maybe it will look even rosier after the 10 years are up...
The deal was good when you made it. That counts. You can't do anything about the rest, no one has a crystal ball.
I financed at 1.95% for 20 years and that was really good at the time of signing. I had many appointments with banks, several brokers, etc.
Now, at the absolute low interest rates, it would probably be more like 1.4%. That's tens of thousands of euros difference. Well.
The clock is ticking, maybe it will look rosier after the 10 years ...
Yes, we are satisfied. Prepayment option is completely eliminated (can but no longer must)
and to be fair, you have to consider the forward premium. It was 0.5% for 2.5 years back then
It's always a gamble. This time you just "lost". We only agreed on a 10-year fixed interest period. Who knows what the interest rate will be then. I bet on low interest rates continuing..
It's always a gamble. This time you just "lost". We only agreed on a 10-year fixed interest rate. Who knows what the interest rate will be then. I bet on continued low interest rates..
Well, you thought 2% on the forward was a sure bet. Today you would have had 1%. But so what? Maybe the interest rate on my follow-up financing will be 5%. Who knows?