Opinion on financing is requested

You have terms between 10 and 20 years to choose from. You can't really compare that.

The decision whether 10 or 20 years has nothing to do with "better" or "worse," but is a matter of personal risk tolerance and interest rate expectations. However, no one can make that decision for you...

For example, I am not a fan of [Bausparlösungen]...

Ich halte z.B. nichts von Bausparlösungen ...

Me too. :)

So far we have already made progress. That’s why the 10-year is a full amortization loan, so as not to have an interest rate risk after 10 years. With such a mix, you come down a bit from the mixed interest rate, but the change in repayment after 10 years is a bit complicated. I always have a weird gut feeling about building society savings contracts. Sometimes it’s an option, but with that amount I actually don’t want to do it?

I don’t see any point in it with your financial situation.

Why should you save in a building society contract, receive meager interest rates, and possibly pay capital gains tax and closing fees? Better to fix the rate for 15 years.

Hello Bau.Joe,


in order to really be able to assess the offers, the following points should still be clarified:

[*]do all loans have a free provision period of 12 months?
[*]do all banks accept the own contributions in full? Without proof of qualification, most banks stop at a maximum of 20,000 euros!
[*]Is the second property free of encumbrances, or are there still liabilities?
[*]will the new property be used by yourself or rented out in the future? How is the use of the second property?

Basically, all offers are already very good in terms of interest conditions. However, with the building savings variants, you should calculate carefully, as the pure interest rate often does not take all costs into account. It is better to request a breakdown of the total costs over the entire calculated term in order to have better comparability. From my point of view, you should not only look at the interest rate but also consider the following points:

[*]With the variants with full repayment borrowers, you have to bear the high monthly installments over the entire term. A change due to worse economic conditions is generally not possible!
[*]if it is actually going to be a split of loans and one is a full repayment loan with 10 years, then I would rather secure this loan on the second property and the KFW loans on the new property. This way, the second property would be free of encumbrances again after 10 years, while this would not yet be the case with the KfW loans!

[*]are there any investments planned for the second property in the coming years that need to be financed by a loan? If yes, then the priority burden through the KfW loans might be a problem here!

I hope I was able to make your decision a little easier with my "thought starters" ;-)