Is the credit okay like this? Or would you prefer to increase it to 15 years?

2018-10-20 06:07:49

Are you already thinking about what will happen if interest rates are 5% higher in 10 years?

Fortunately, his initial repayment is so high that nothing will happen with his rate after 10 years. The remaining debt financed at 5% with a €1600 rate is over 5% repayment.
Under these conditions, I would even look the other way around, what could happen with a 5-year fixed interest rate.

2018-10-20 13:02:05

His initial repayment is fortunately so high that after 10 years, nothing happens with his rate. The remaining debt refinanced at 5% with a 1600€ rate corresponds to over 5% repayment. Under the given conditions, I would even look the other way around to see what could happen with a 5-year fixed interest period.

5 years didn’t even occur to me, but good point. I will have it calculated next week and write here what it would have amounted to. In the end, just under 40,000 interest payment is not "much" compared to back then, but at least for some, a year’s salary..

2018-11-12 16:44:31

We take 2 A-loans. One with a term of 10 years and one with a term of 15 years. The loan amount is slightly higher than yours. So it won't be too tight in the 10 years.

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Is the credit okay like this? Or would you prefer to increase it to 15 years?

Alex85

Brickleberry

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