JanCux20
2023-01-13 18:05:01
- #1
A forward loan is a gamble. It can work out well, but it doesn't have to.
What you are planning, we initiated last year. In April 22, we took out two forward loans for August 2025 and for September 2026. These are exactly the dates when the original loans' term of 10 years plus 6 months expires. Since our interest rate from 2014 is higher than that of the forward loan, it will definitely be cheaper for us. The advantage is that both the termination and the assignment of the land charge are completely handled by the new bank. We have nothing to do with it and can just sit back and relax.
What you are planning, we initiated last year. In April 22, we took out two forward loans for August 2025 and for September 2026. These are exactly the dates when the original loans' term of 10 years plus 6 months expires. Since our interest rate from 2014 is higher than that of the forward loan, it will definitely be cheaper for us. The advantage is that both the termination and the assignment of the land charge are completely handled by the new bank. We have nothing to do with it and can just sit back and relax.