Forward loan - Secure interest rates now?

  • Erstellt am 2016-10-13 08:11:07

Peanuts74

2016-10-18 15:18:37
  • #1
That was just a thought anyway because of the currently low interest rates. If it is not worthwhile at the possible time x, everything stays the same and I will see how things look after 10 years. If it is better than it was a little over 4 years ago at the conclusion, all the better. If the interest rates are actually higher than 4 years ago, it doesn't matter either, then everything just stays the same...
 

Peanuts74

2016-10-19 09:35:05
  • #2
So, yesterday I had a phone call with Dr. Klein (?) or whatever they are called... If you were to sign a contract now that starts in 5 years and then has a fixed interest rate period of 15 years, you would pay about 0.6% surcharge on the current conditions for a loan with a 15-year fixed interest rate. In total, that would be about 2.1%. For people who financed 5-6 years ago and pay around 3% for 10 years, that wouldn’t be so bad at all...
 

HilfeHilfe

2016-10-19 09:58:30
  • #3


Exactly. 0.9% cheaper + longer interest rate security (15 years)
 

markus2703

2017-03-23 10:10:46
  • #4
Quick question regarding the forum's opinion:

We have two loan components: One for €110,000 at 1.65%, term until 2031. So this one is not the topic here.

Component 2: Taken out with €175,000, currently outstanding €153,000 at 3.11% (2012, hence the higher interest rate). The fixed interest period ends on 30.01.2022, so in 58 months. I don’t have the exact numbers in mind, but let’s simply assume a remaining debt of €145,000 at that time.

Now I am already thinking about a forward loan. Security is my priority, but I’m really unsure whether that isn’t way too early.

Opinions?
 

Caspar2020

2017-03-23 11:21:31
  • #5
Well, the longer the lead time for a forward loan, the higher the interest surcharge. However, the interest surcharge is always based on the current interest rate level. In other words, if you wait longer, the overall interest rate level can throw a wrench in your plans.

There is also the matter of the rankings in the land register in your case.

Contacting an intermediary to find out the current conditions for your case can't hurt.

Off the cuff, you will end up with something between 2.6-2.9% for 20 years with 60 months forward.
 

markus2703

2017-03-23 11:47:25
  • #6


I also roughly calculated that online. Of course, expensive by today's standards, but as I said, security matters more to me. Since I would still pay less than now and be secured for the entire duration, I will actually try to arrange it.

The loan is in first lien in the land register, so no problem.
 

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