Backbone: Better than no interest rate security at all! then maybe add 2 times the lead time and maybe part of the Christmas bonus and we're already at half with secure interest rates.
Alright, you are absolutely right of course. If indeed half is covered with a [Bausparer], the other half is then manageable and a potentially high interest rate is easier to bear.
Hi, we are currently facing the financing of our semi-detached house. Total price €380,000, equity €100,000, so €280,000 still need to be financed. The following options are now available: Option 1: Entire €280,000 via L-Bank (Z15 loan) 15 years fixed interest rate, 3% interest with a 1.5% reduction for the first 10 years Option 2: approx. €180,000 Z15 loan via L-Bank approx. €100,000 via house bank 3.4% interest with 30 years fixed interest rate The disadvantages of the Z15 loan are that no special repayments are possible and the interest rate is only fixed for 15 years. Can you help me decide? What would you advise me? Best regards, Stefan
Hello Stefan, I have calculated it: Option 1 has an interest advantage of €19,000 after 15 years compared to Option 2; the interest rate would have to rise significantly to eat up this advantage. Clearly, Option 1 is the best option!!! And then secure with a building savings contract! Best regards, Micha