Refinance existing loans with a construction loan

Retiree is one thing. Recently I read in a post something about 47 and 41 years, is that correct? When I look at the mortality tables as a bank, I wouldn't necessarily expect more sprightly retirees.

But that is basically not a problem. I myself have just concluded a 40-year term and could have even gotten financing partly as TA and partly with 1% repayment (I was born in 1972) - but on worse conditions.

The rate would be 1098 if they had agreed to that. So actually quite manageable as a retiree, I think.

According to the German Institute for Retirement Provision (DIA), the average pension in West Germany is currently 1091 euros. So 7 euros are still missing.... without additional costs and food.

Um, there are two of us....

You pay an independent financial advisor yourself. He is therefore not dependent on commissions and advises in your interest, not in the interest of the commission. I personally value this very highly, as it is where I have the greatest trust.

Thank you for the explanation!

I have experienced all that too, and in the end it was simply the advisor who was bad - despite 20 years of experience. I wouldn't necessarily say that only a fee-based advisor gives good advice, especially since they still receive commissions. What is needed is a capable advisor, but they are almost like unicorns, with the difference that they really exist.