Real estate financing through OLB?

Hello,

my sister wants to buy a semi-detached house. She went to the OLB to get an offer. The house costs €140,000.00. She would take out €133,000.00. For this, the bank offered her an interest rate fixed for 30 years at 2.84% annual interest including 10% special repayment. However, the OLB has a catch. In their loan agreements, they reserve the right to sell the loan contract. I have heard a lot of negative things about these loan sales. The conditions are already so good that they seem too good to be true. Other banks offer a rate of 3.43% with a fixed interest rate for 20 years.

Does anyone have experience with the OLB? And what do you think about the clause that the bank reserves the right to sell the loan contract?

Without [Hintergründe] no cookies. I was not aware that interest rates have risen so sharply. Selling is more common than uncommon, isn't it?

Good day,

Does anyone have experience with OLB?
And what do you think about the clause that the bank reserves the right to sell the loan agreement?

I neither know OLB nor am I familiar with the deeper connections of building financing; other users here can answer that much better.

However, my common sense is enough to let me ask you the question why a bank should sell a loan that is regularly serviced?

Rhenish greetings

The sale would not matter to me at all. You can only get into trouble if there are payment difficulties. But then it also doesn't matter who conducts the foreclosure on you. More thought should be given to why a non-market price is being offered. What negative things have you heard about credit sales?

No background, no cookies. I wasn't aware that the interest rates have risen so sharply. Selling is more common than uncommon, right?

What kind of background do you need? Interest rates have already risen sharply since April 15. 2.84% is a very good offer. : I have read that the "new bank" then does not insist on the actual repayment of the debt, but on the mortgage. I have also read that such banks then also terminate the loan agreement and demand immediate payment of the amount and then in the end foreclose the house. : The bank advisor said that this has NEVER happened before. However, if the bank ever needs capital one day, they could sell loan agreements. Especially if the loan agreement is not particularly lucrative for the bank.

Does a 30-year fixed interest rate really make sense? With this arrangement, a double surcharge is paid. Once for the long fixed interest rate and once for the 10% special payment. Both will hardly be possible at the same time. I think it is currently much cheaper overall.