Home purchase financing despite high interest rates?

It makes sense that you take on more.

Maybe one should simply mention, starting with A, that almost all financing is calculated over 30 years, regardless of the actual term. Accordingly, the banks calculate the monthly rate. I would take the 20-year term and make additional repayments every year. Meanwhile, you can save your remaining money elsewhere that you generate monthly. In 10 years, you have the opportunity to refinance. At that moment, you can pay off as much as you want and only refinance the “rest”.

The contract states a fixed interest rate period of 10 years with a calculated term of 22 years. The total interest burden amounts to €82,000. This must be paid over a term of 22 years. The question now is, if we can pay the remaining debt after 10 years, do we then also have to pay the interest that we would pay over a calculated term of 22 years?

At the end of the fixed interest period, the entire loan is redeemed, either through follow-up financing or repayment. For fixed interest periods longer than 10 years, there is also the special right of termination after 10 years.

The contract states a fixed interest rate period of 10 years with a calculated term of 22 years. The total interest burden amounts to €82,000. This must be paid over a period of 22 years. The question is now: If we can already pay off the remaining debt after 10 years, do we also have to pay the interest that we would pay over a calculated term of 22 years?

You don't seriously want an answer to that question, do you?

Hello everyone. Is it possible during the loan phase of a building savings contract to agree on repayment as a bullet loan for at least 16 years? Can the savings phase be accelerated with a direct one-time payment? Thank you very much for your experiences and your accumulated knowledge

Is it possible during the loan phase of a building savings contract to agree on repayment as a bullet loan for at least 16 years

This is such an exotic idea that contradicts the basic concept of building savings, so I am not aware of this product in practice.

Can the saving phase be accelerated with a direct lump sum payment?

Yes and no. The allocation of a building savings contract is not only linked to the amount to be saved, but also to a scoring number. And with that, you always get a minimum term. Whether a lump sum payment leads to acceleration in a specific contract therefore depends on the concrete contract. But the result is rather no.