Repayment change during the term

Repayment change during the term

If your financial situation changes, a modified repayment allows you to adjust the monthly installment of the loan to the new situation. The right to change the repayment during the term of the loan must be agreed in the loan contract. It is common to change the repayment between a minimum and maximum repayment rate. In this regard, some banks allow to change the repayment rate free of charge. ... Read more

Advance interest - succinctly explained

What are advance interest

With credits and loans one does not get around the topic interest. There are many forms of interest. After all, interest is the most important source of income for a bank. In the case of advance interest, the bank charges the agreed interest for a loan disbursed earlier. However, since advance interest is not included in the installment plan due to the earlier disbursement, it sometimes provides ... Read more

Follow-up financing for real estate loans - 10 years of savings

Follow-up financing: What do I need to consider?

Anyone looking for follow-up financing for their property in 2021 will benefit from the low interest rates. The low-interest phase should be used to repay the real estate loan with a higher repayment. In the long run, a loan is a burden and it is therefore better to pay off the remaining debt quickly. It is therefore cheaper to use the low interest rate to pay off the remaining debt with the ... Read more

Home loan comparison online calculator

Successful house construction with favorable construction financing thanks to comparison

Mortgage financing comparison Many Germans cherish the desire to live in their own four walls. The desire is particularly strong among those over 35 years of age. The home ownership rate is very low compared to other European countries. Less than half live in their own homes. With the construction financing comparison, helps future homeowners to realize the dream of their own ... Read more

What house I can afford?

How much house can I afford?

"How much house can I afford?" Based on the net income, the table gives a rough indication of the amount up to which a property can be reasonably financed. As can be seen in the table, the real estate price is 100 times the monthly net income. What house I can afford? The monthly net income multiplied by 110 gives the highest possible ... Read more