Tina21082
2011-01-16 18:16:01
- #1
Hello, we want to buy a house, now the house is reserved until 31.01.11. We have received a financing offer from Deutsche Bank. However, it says there, after 1 month, a commitment interest of 0.25 per month.
We will have a notary appointment with the seller at the end of January, I think, and transfer the money from the bank to him when the money from the bank is there.
Since we still want to pay rent until 31.04.11, we would like to pay the first installment to the bank in June or July 2011. What do they mean by commitment interest? I do not understand that. Everywhere it says that commitment interest is charged for the unused loan. But we take the loan, for example, for 01.02.11 and can only start paying off the loan from 01.05. or 01.06 because rent and loan repayment is then very much.
Thank you for the answers.
Best regards Christina
We will have a notary appointment with the seller at the end of January, I think, and transfer the money from the bank to him when the money from the bank is there.
Since we still want to pay rent until 31.04.11, we would like to pay the first installment to the bank in June or July 2011. What do they mean by commitment interest? I do not understand that. Everywhere it says that commitment interest is charged for the unused loan. But we take the loan, for example, for 01.02.11 and can only start paying off the loan from 01.05. or 01.06 because rent and loan repayment is then very much.
Thank you for the answers.
Best regards Christina