WingVII
2019-09-20 13:55:05
- #1
Huh? The OP initially wanted to repay with 1-1.5%. He will probably have a harder time finding a very good interest rate than with 2%. For example, Schwäbisch Hall does not finance below 2%. If he finds a lender that offers him an interest rate of 1.3% p.a. for, say, 1.5% repayment, he will be worse off than if he repays 2% from the start but takes on more debt and achieves a better interest rate through the higher repayment, because there is more choice among banks. For example, Schwäbisch Hall at 0.99% p.a.that only works if you get better conditions through higher repayment! if the conditions remain the same, whether you have 2% or 4% repayment, you only end up paying more interest to the bank (if you borrow more!). with 1/10 or 2/10, the interest should effectively be 0.69%, 0.59% over 20 years??? good luck with your search...