face26
2020-07-15 12:03:28
- #1
Especially when completing the house, it is always better to start repayment later. There are so many things that you actually still want/need to buy (often for the garden, etc.). With a term of 30+ years, half a year really doesn’t make much difference.
My statement referred purely to the calculative advantage. And that is of course better the earlier you start.
The OP has already indicated that the financial means are sufficient.
Furthermore, he did not talk about returning unused funds as special repayments; he still has those funds anyway.
It is only about the start of the repayment. Since otherwise a provision interest rate threatens here, the monthly liquidity difference is negligible anyway, because between "interest on already drawn loan + provision interest on undrawn loan" and the final total rate there is usually not much difference.
Otherwise, I refer to my actual statement:
Are you considering whether to draw down now or in 6 weeks?
That doesn't really make much of a difference