Nutshell
2022-12-22 07:33:28
- #1
Which bank offers a forward loan > 3 years in advance? You must have concluded that at the interest rate back in 2021? And then for 01/2026?
I concluded it in 03/2021. Is it even allowed to name the bank here? Some forums are pretty strict about that. Anyway, it is an established bank that also advertises a lot, and where I also have my checking account. So they could well check how financially capable I am. It was approved quickly because of that.
In retrospect, I’m naturally very happy. The interest rates were at 0.7% in 03/2021. The forward loan for "in 58 months" was at 1.6%. My original annuity loan had a 20-year fixed interest period; now I have locked in 10 years and can repay faster. So it remains at 20 years… no new risk taken.
That interest rates are abnormally low was somehow predictable, that it wouldn’t stay that way forever.