Secure low interest rates with a home savings contract?

Is a building savings contract instead of a forward loan sensible?

We are talking about a forward loan for a credit of then still approximately 110,000 euros, which expires in four years. Today, a bank employee told us that so far one can secure the conditions or the interest rates from January of this year through building savings contracts, since the interest rates in building savings contracts rise more slowly than the usual market interest rates.

Is there anything to that or has anyone of you done that?

Thanks in advance for your information, help, experiences, and recommendations.

Hello, there are also banks that offer a forward loan in 4 years. Just contact a broker.

Hello, there are also banks that offer a forward loan in 4 years. Just get an intermediary involved

In my opinion, it is clearly too expensive if you have to pay a 0.75% surcharge or more for four years of forward period.

Today a bank employee told us that you can still secure the conditions or interest rates from January this year through Bauspar contracts, as interest rates in Bauspar contracts rise more slowly than usual market interest rates.

Clear yes and no to the question of whether that makes sense. You have to save into the Bauspar contract as well. And that over four years – it can also be 50% of the Bauspar sum. After that, you may have to repay the loan after four years. Can you afford that? Then you can simply save in parallel and make a special repayment of €40,000–50,000 in four years, and the interest rate you then get is almost irrelevant. The advisor should make you an offer, then you come back to the forum.

Just simply do the math...

1) what it costs and 2) what you save by it

if you need the money in 4 years, then it gets very tight with the [Bausparvertrag], because it should be ready for allocation in 4 years, depending on the variant it means 30-50% of the [Bausparsumme] must be saved.

So with €100,000 it would be €30,000-50,000 + then you get a discounted €50,000-70,000 in [Bauspardarlehen].

the question would be, if you save that much, whether you should use it as a special repayment

best to make an Excel sheet and calculate everything...

[Bausparvertrag] would now rather be worthwhile for people who are making a new financing and then need the follow-up financing in 10-15 years

In my opinion, that's definitely too expensive if you have to pay a 0.75% surcharge or more for a four-year forward period.

Where does that say? In your DB? There are huge differences. And it can't be evaluated universally anyway. And I can't imagine that anyone wants/needs to secure 4% interest now. For me, the primary factor is the interest rate of the current loan. For example, if it's 2%, apply as much special repayment as possible... ...and the follow-up financing amount is manageable anyway.

Where does it say that?

It comes from the Treasury or the market. Of course, there are always outliers, but a 0.01-0.015% surcharge per month is the norm.

And I can't imagine that anyone wants/needs to lock in 4% interest now.

I did say that it's too expensive. We already said that at the beginning of 2022 at 1.5% for 15 years...