f-pNo
2013-08-16 12:31:12
- #1
Hello,
You wanted to pay a monthly rate of 1,000 euros and additionally make special repayments.
As others have already written here (who are currently having an off-topic discussion with each other), you have to be quite consistent with that.
The most sensible thing to do is to have an example calculated to see which rate you would have to pay with a repayment period of 20 years. You should then consistently park the difference to the actual rate (with a lower repayment rate) in a separate account and use it from there for special repayments. This way, you retain financial freedom for emergencies and, if all goes well, reach your desired end of term.
However, with your possibilities, I would still increase the monthly repayment a bit. You have the potential with 30,000 savings per year (2,500 per month). Also – what do you currently pay for rent? The current cold rent still provides another financial cushion (in addition to the 30,000 per year).
You wanted to pay a monthly rate of 1,000 euros and additionally make special repayments.
As others have already written here (who are currently having an off-topic discussion with each other), you have to be quite consistent with that.
The most sensible thing to do is to have an example calculated to see which rate you would have to pay with a repayment period of 20 years. You should then consistently park the difference to the actual rate (with a lower repayment rate) in a separate account and use it from there for special repayments. This way, you retain financial freedom for emergencies and, if all goes well, reach your desired end of term.
However, with your possibilities, I would still increase the monthly repayment a bit. You have the potential with 30,000 savings per year (2,500 per month). Also – what do you currently pay for rent? The current cold rent still provides another financial cushion (in addition to the 30,000 per year).