Forward loan proposal, annuities or building savings

Hello everyone,

since our current financing expires in 2021, I have already had the first talks with the bank and also received two proposals that I would like to discuss with you.

Outstanding costs for 2021 are approximately €208,000, for which we currently have an interest rate of 3.2%.

Now the bank offers us 2.34% for 10 years including interest surcharge for the forward loan (annuities).

Every month we wait, it will be about 0.025% less.

Alternatively, a building savings contract linked with financing.

Interest rate 2.3% also for 10 years including interest surcharge. In parallel, saving into a building savings contract which will be ready for allocation in about 10 years.

Interest for the building savings contract after 10 years is 2.4%.

Now we can decide.

Regards Michael

Yes; go to the intermediary. Or have you already been there?

So now the bank is offering us 2.34% for 10 years including interest surcharge for the forward loan (annuity).

The question is, for which loan-to-value ratio. The interest surcharge of approx. 2.5bp per month is okay. The bank also has to price in the 489er (your special termination right).

Ask Schwäbisch Hall, I locked in 1.75% effective for 20 years in 2016 for 2019, there was a promotion for 36 months without forward premium, this promotion seems to be available every year!

Regards

Engage an intermediary. [Der kann Dir Alternativen anbieten]

Would like to stay with the current bank as we still have another loan with the bank that we took out in 2016.
Briefly about the history, we first had a condominium and later built a house.

The question is rather whether to go for security with [Bausparen] or not?