Cascada
2014-01-29 13:50:17
- #1
Hello everyone.
Thought: a small 20,000 building savings contract, serviced monthly with 100,-€, ready for allocation in about 8 years for later remodeling/modernization/maintenance measures/special repayments - or other - if the bank cooperates ;-)
With a corresponding tariff with a later low nominal interest rate of around 2% effective, you have to accept a low credit interest rate (0.5 - 1%), plus the 1% closing fee and usually annual fees.
Overall, the costs during the savings phase even exceed the interest earnings - I only benefit in 8/9 years from a favorable loan. I personally assume that interest rates will be higher again in 8/9 years.
Now the question arises whether the "capital destruction" during the savings phase is compensated by the low interest rate in the repayment phase.
Otherwise, I can take out a savings plan (nothing speculative - it should be comparable to the building savings variant) for 8 years - currently perhaps averaging 1.5 - 2% for 8 years - and then take out an annuity construction loan of 10,000,-€ at the applicable interest rate.
What do you think or which variants do you suggest?
Best regards
Thought: a small 20,000 building savings contract, serviced monthly with 100,-€, ready for allocation in about 8 years for later remodeling/modernization/maintenance measures/special repayments - or other - if the bank cooperates ;-)
With a corresponding tariff with a later low nominal interest rate of around 2% effective, you have to accept a low credit interest rate (0.5 - 1%), plus the 1% closing fee and usually annual fees.
Overall, the costs during the savings phase even exceed the interest earnings - I only benefit in 8/9 years from a favorable loan. I personally assume that interest rates will be higher again in 8/9 years.
Now the question arises whether the "capital destruction" during the savings phase is compensated by the low interest rate in the repayment phase.
Otherwise, I can take out a savings plan (nothing speculative - it should be comparable to the building savings variant) for 8 years - currently perhaps averaging 1.5 - 2% for 8 years - and then take out an annuity construction loan of 10,000,-€ at the applicable interest rate.
What do you think or which variants do you suggest?
Best regards