Special repayment in the loan contract - experiences with financing

  • Erstellt am 2021-04-14 10:37:45

Sir_Batman

2021-04-14 16:54:07
  • #1
A special repayment option must also be taken into account in the case of a possible prepayment penalty ([sale of the house]) and can save a lot of money in this context.
 

exto1791

2021-04-14 16:54:29
  • #2


Not at all ... At the Volksbank :D

Oh, you can definitely make something happen, you just have to do it... I think that very few people negotiate extensively. For 100-200k, the advisor probably doesn’t do cartwheels, but if there’s a loan of over 500k in prospect, a lot is possible, I’m convinced of that! As I said, it worked quite well for us too.
 

Hausbauer2021

2021-04-14 16:56:23
  • #3
Ok then, I'm curious when it's our turn. I will definitely try it then as well.
 

HilfeHilfe

2021-04-15 07:23:30
  • #4
One always has to ask oneself whether one also wants to make the special repayment. We don’t anymore, have a full repayment loan and no desire to repay or live.
 

motorradsilke

2021-04-15 08:32:14
  • #5


The KFW part is done by the bank that finances the rest. Even if you finance with a Kfw portion, only one bank is listed in the land register. At least that is how it is for us now. Kfw is definitely interesting if you can take advantage of the funding.
 

Stefan001

2021-04-16 12:43:11
  • #6


Have you calculated that? In your method, you then repay the loan with the lowest interest burden first. And at the same time, you pay high interest on the loan with the long term. This way, on paper, you buy yourself a long fixed interest period, but the outstanding balance after X years usually hardly decreases in total.

Unfortunately, I no longer have a current Excel sheet; in most cases, it did not pay off for us. Especially since the outstanding balance was not significantly lower even after the long fixed interest period expired. You really need to look closely at which assumed interest rate increases then lead to a better/worse result.
Unfortunately, people’s gut feelings are often very far off here, as we simply cannot correctly assess exponential calculations.
 

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