Repayment deferral loan with building savings contract at Schwäbisch Hall

Hello,

I currently have every other week completely free and thus a lot of time, among other things, for mental exercises:

More than 1.5 years ago we completed our construction financing -> Interest-only loan with a building savings contract at Schwäbisch Hall on the following terms:

€110,000 at 0.94%. The monthly payment is just under €485. €400 go directly into the building savings contract and €85 are interest. After 10.5 years (2029), the building savings contract matures and replaces the interest-only loan. The interest rate for the building savings contract is then 2.85%. Fully repaid after another 10 years.

€85,000 at 1.59%. The monthly payment is just under €333. €222 go directly into the building savings contract and €111 are interest. After almost 15 years (2034), the building savings contract matures and replaces the interest-only loan. The interest rate for the building savings contract is also 2.85%. Fully repaid after 12 years.

In case interest rates are still very low then: would there be the possibility to redeem the building savings contract in a lump sum, for example through an annuity loan? Somehow I only find information on special repayments during the accumulation phase and the ongoing interest-only loan (which is 5% annually), but not for the repayment phase of the building saver. Can a general statement be made about this or is it individual? A redemption through an annuity loan would very likely not bring enormous savings with these remaining debts, but why pay more if less is possible? I also have another old building saver running that has better conditions than the 2.85% and would mature earliest in 2023. But I could adjust the rate so that it only matures in 2029 and then can be used as a high special repayment into the building savings contract.

PS: please no discussion about the comparison of interest-only loan + building savings contract vs. annuity loan. The chosen option was financially equivalent to a 20-year annuity loan offered at that time at 1.86% with the advantage that the interest is fixed until the end and the payment drops significantly after 20 years.

Have the same constellation, also with the BSH. Special repayments are possible without limit after allocation.

Great, that sounds good. Big plus for the chosen option, provided the interest rates are right at those times.

and thus a lot of time, among other things, also for mental games:

But don't think too much

Don't worry, my head is too small for that ;P

I'll pitch in here a bit. What does the forum think about the future: will interest rates for real estate loans stay the same during these difficult times, go up again, or even fall by a few percentage points?