Real estate loan KfW and home savings contract

Hello!

We purchased an older single-family home for 160,000 euros two years ago.

Financed through the local Sparkasse.

1/3 through the KFW with a 15-year fixed interest period but low repayment.
2/3 through a Bausparvertrag (10 years saving phase, then loan secured by the Bausparvertrag).
Bausparvertrag chosen to secure a relatively low interest rate over 20 years.

I am hoping for the reliability of the KfW bank in case of high inflation or debt cancellation or currency reform. From what one reads on these topics, the chances for property debtors to come out of the crisis well are rather poor.

But what about the Bausparvertrag, which is supposed to be loaned after 10 years?
What might all come up for the debtor here?

In the event of a currency reform, it is said that debtors have more debt after the conversion than before.

Then I heard that the bank will reassess the property to be financed in case of a sharp drop in real estate prices and then demand additional collateral within a short period. If you cannot provide this, the total amount becomes immediately due.

What might the Bausparkasse come up with, for example?
Because actually the saving phase and the subsequent interest rate in the loan phase have already been fixed.

Another risk that occurs to me is that if hardly anyone pays into a Bausparvertrag in 8 years, it could take forever before it is allocated and the loan phase begins. What happens in the meantime is also open!!!

I believe the only one who benefited from concluding the Bausparvertrag was the seller (closing fee).

Can I even get out of the Bausparvertrag that easily to finance differently??

I am asking these questions here because you generally read a lot about the above topics, but unfortunately rarely about the financing form through a Bausparvertrag.

Regards
Tim

We were unfortunately a bit pressed for time back then and our focus was on a long fixed interest period. Basically, that's good, but…

Are there actually also advantages to our financing option??

Many interesting questions have come up here that unfortunately no one has answered yet. Reason enough to bring the post back up and write my questions about it ;o)

We are also currently surveying the market and of course have a few [Bausparfinanzierungen] in the offer package. We would also like to learn about experiences and risks. Should we rather opt for a [Volltilgerdarlehen], or still go for the [Bausparvariante]?

Do you want to refinance? Then you should first have the prepayment penalty calculated. It could be expensive given the long remaining term.

Regarding your initial post: What does "one" read nowadays? Currency reform? Has something passed me by? I have also read that the sky can fall on our heads (I believe that was in Asterix) and that one can get run over on the street. Still, I dare to leave the apartment :o

You have financing that is secured for quite a long time. If you want changes now, it will not be easy. So why all the worries?

Hello nordanney. I also don’t believe that the sky is falling on my head. Nevertheless, I found a few questions from Tim99 justified. How is it with the allocation at the end, on which the entire financing method is ultimately based? If I have to bridge finance in this phase, then the entire financing hasn’t paid off in the end?!

And while we're at it: I have numerous KFW offers (153) from various sources by now, which strangely differ quite a bit... That's exactly what I don't understand!