One more question to the group: We are planning about 100TE for modernization/repairs. What is the most sensible/cheapest option for how we should handle our building savings contract (30TE funded, 30TE blank loan possible, building savings loan would be max. 70TE at about 2.2%, can be paid out on 01.02.2023
1. Take the 100TE modernization directly as a loan and include the building savings contract 30TE plus 30TE blank. Here I don’t know if the bank will accept the building savings contract, since it will be paid out in Feb. 2023
2. Do not take a loan for the modernization. This will be covered by the entire building savings contract. -> Drawback: overall burden is higher because the building savings contract has to be paid off faster