Only one credit component or several credit parts?

I am an advocate of multiple components, but ultimately it depends on personal preference and family/professional situation.

If, for example, you are a civil servant and can calculate the Christmas duty schedule and income twenty years in advance, then you can also take one component with a 20-year term.

It is completely different for me, therefore I want to have the possibility to readjust every 3-5 years.

However, having multiple components does not necessarily have to do with "confused" and opaque structures: for example, I have a KfW loan, which almost everyone will have or at least know, and two annuity loans from my bank.

The flexibility does not arise from different "exotic" components from which advisors profit, but from the different terms and special repayment conditions.

Best regards Dirk Grafe

I still owe you an answer, but I haven't gotten around to it in the last few days. I want to make up for that now and first of all thank you for the responses!

At least I had time to think it over. On the one hand, we will not accept any of the existing offers (already), on the other hand, we are well aware of our financial framework conditions. The question of what we can afford does not arise, and a concrete loan discussion is too early. For the beginning, the theoretical discussion about whether it necessarily has to be multiple loan components is enough for me, and especially the reference to [Anschlussfinanzierung] has already helped me quite a bit. :-)