Uncertainty when buying a house

I don't know what kind of "Wald und Wiesen" expert you are, as far as I know (and I am not an expert) only 90% of those who have agreed on Sondertilgung actually use it!

And didn't you ever start small? So just let my Finanzbiene do her job

I don't know what kind of "Wald und Wiesen" expert you are, as far as I know (and I am not an expert) only 90% of those who agreed on special repayments actually use them!

And did you never start small? So just let my financial bee do its job

see, I told you Thanks for confirming my statement that people do not take advantage of their special repayment options. That's why increase the rate.

However, if the questioner is so disciplined and belongs to the 10% who do use it, then he did everything right. Technically it's simple, you have a loan account and transfer the money to it

PS: I consider the 90% a rumor. Especially since we are in a very low interest rate phase. If I have the choice to take poorly interest-bearing overnight money or make special repayments and pay off my old credit, I do the latter

Are you an expert now or not?

I think the 90% is about right. If everyone (due to lack of self-discipline) says, increase the installment, where is the money for the special repayment supposed to come from? Especially since many like to buy the special repayment option for their conscience, and then would rather do other things with the money. The bank must be pleased, as this option costs interest points. When I look at most people's equity, nothing surprises me anymore.

Are you an expert now or not?

I think the 90% is about right. If everyone (due to lack of self-discipline) says, rate high, where is the money for the special repayment supposed to come from? Especially since many like to buy the special repayment option for their conscience, but then prefer to do other things with the money. The bank should be happy about that, since this option costs interest points. When I look at most people’s equity, I’m no longer surprised

Nonsense, a construction loan without a special repayment option is currently hardly or no longer available on the market. If every customer came and individually negotiated the contract, they would only be calculating all the time. No bank wants that, which is why there are rigid framework conditions at first. The money for the special repayment typically comes from extra payments. That is why most special repayments are made at the end/beginning of the year when all the Christmas bonuses etc. are flowing.

I would never go too low on the repayment portion of the annuity in such a historic low-interest environment if you can afford more. That is negligent. If you have the discipline, then via the special repayment.

But why not take advantage of the compound interest effect of monthly repayment? That goes against all economic reason.

Many in my circle of acquaintances who are happy about the low rate have partly chosen 1-1.5/2 % repayment. They also allegedly want to make special repayments. But the standard of living is maintained: 4 holidays, new car every 3 years. Whether they have made the special repayments is something I doubt.

But to each their own

I think the financing is on a good footing with you. Just make sure to get good advice during the renovation, as a few extra euros can quickly add up (there are surprises on every construction site).. otherwise, have fun with your home

If you have managed to save so far, you will surely make the special repayments in the future as well... can you repay at any time or is it only possible to do so once a year??

Are you an expert now or what are you babbling about?
Which bank is giving something away? If you make a special repayment, the bank loses interest, they make up for it with the option again!
That it currently doesn't show with the already low interest rates is beside the point.
And you confirm the 90% with your acquaintances....

In any case, I planned exactly like that, and my discipline allows it so that a special repayment was made immediately after I was allowed to. Compound interest can go to hell if I can handle the rest of the financing easily, no matter what comes. Additionally, I even have the option to vary the repayment annually.
But as you say: to each their own!