Opinion financial plan

Thank you backbone23 and Naddl. Yes, I know, the remaining debt is high. But we will definitely make special repayments! We have paid special attention to that. So it looks like we will take out this loan and our dream house will get closer with it :)!

Hello Alice,

you wrote that you have agreed on a special repayment of 5%. Usually, banks then charge an interest surcharge.
If this is also the case for you, before you accept the offer, have them give you an offer without the special repayment right. Usually, you save a bit of interest that way and can therefore set the repayment a little higher. I would then put the "special repayments," as much as you can and want, separately into a savings book/building savings contract or something similar, which also earns interest.
I recently read a report (unfortunately can't find it) that many do exercise the right of special repayments because they or simply forget. Therefore, it may be advisable to do a comparison (if it makes a big difference interest-wise)...
Otherwise, I would leave it, because by making the special repayment you also pay less interest again since the remaining debt decreases...

The interest rate and the rest of the offer sounds very good, I think. The interest level is ok to my knowledge.

So then I wish you much success and lots of fun with your little house if you decide on it. :)

Best regards
André

Interest rates are standard. Is a change in repayment and a special repayment included? How old are you? Under your conditions, I would agree to a 30-year term; then you have a very small interest rate risk because the remaining debt at the end is so low. I would also include the 124 KfW program. Everyone who creates residential property gets that. For the rest, then a 30-year term. Several insurance companies offer that.

Hello,

normally a 5% prepayment right is agreed with the banks free of charge.

I work for a real estate financier and know the guidelines :-) [

Regards

QUOTE=*Andre*;48866]Hello Alice,

you wrote that you agreed on a special repayment of 5%. Usually, the banks then charge an interest surcharge.
If this is also the case with you, have them give you an offer without a special repayment right before you accept the offer. Usually, you save a bit of interest this way and can therefore set the repayment a bit higher. I would then put the "special repayments", as you can and want, separately into a savings account/building society contract or something similar, which also still accrues interest.
I recently read a report (unfortunately I can’t find it) that many do exercise the right to special repayments because they or simply forget. Therefore, a comparison is possibly advisable (if there are big differences in interest rates)…
Otherwise, I would leave it, because the special repayment you make also means paying less interest again, as the outstanding debt decreases...

The interest rates and the rest of the offer sound, I think, very good.
The interest rate level is okay as far as I know.

So I wish you much success and lots of fun with your little house if you decide on it. :)

Best regards
André[/QUOTE]

Hi stonan,

from time to time interest surcharges are also applied.
Hence the inquiry to Alice;-)