Humane residual contributions in follow-up financing

Keep the remaining debt before retirement as low as possible. No one will have such income as employees.

Is this possible in German? Otherwise yes, the lower the residual amount the better. A truism.

Otherwise, thanks for the answers - that already helps.

What do you actually mean by "10er Annuität"?

10% annuity, interest and repayment combined.

1.) The bank always gives you a term until the calculated end of the financing in private construction financing. So they can't just kick you out after 20 years, but at most offer you a bad condition.

Is that so? The bank has to offer me a follow-up financing? I didn't know that. I have a component that theoretically runs until I am 75... so the bank has to offer me something for another 20 years after the first 15 years?

So the bank has to offer me something for another 20 years after the first 15 years?

That is what the standard contracts look like! Unless a fixed loan term is explicitly agreed upon – but I have never seen that in private loans.
Our commercial clients always receive a loan term that corresponds to the fixed interest period. Afterwards, the remaining balance must always be repaid. We are happy to extend the loan, but then with a completely new review and approval, so that one does not become dependent as with private loans. However, these are completely different projects and amounts.

Yes, just plan so that you finish a few years before retirement. Then you even have a time buffer.

I plan everything else as follows:
- after 10 years: check the special termination right. If interest rates are still low, terminate and sign a new contract.
- In case of rising interest rates: recognize it in time and set aside and invest more money. Make extra repayments in between or repay a larger sum at the end of the term.
- Build a sufficient maintenance reserve (new heating system, roof, etc.) and put the surplus towards repayment.

I have zero worries about any outstanding debt. I have only fixed a small part of about 80,000 for 10 years in the hope of getting to zero with the Baukindergeld and a little extra.