possible for many home buyers still higher return - reducing debt service by 10 years
What you can do today, not put off tomorrow. This motto applies to homebuyers and homeowners, if they repay their loan. Says Kai Oppel "borrowers should invest up to date as much money in the early repayment as is possible for them. Although loans are more expensive in recent months by nearly 1 percent, the most easily an initial eradication of two percent or more lift can" from the building loan broker mortgage discount .
ten-year loans with repayment terms can, in February 2011 be included as from about 4 percent. Interest rates, down around 2 percent below the long-term average. Borrower should it, however, the lure of a low monthly rate, can withstand a one per cent early repayment brings with it. A 200,000-euro loan can then deny Although to date with a monthly payment of 833 € - but it would take 40 years to no unscheduled debt freedom. It is better, according to mortgage discount to agree with the lender an early repayment of two or more percent.
"In a two-percent redemption is the monthly rate for a 200,000 euro credit still relatively low at 1,000 euros. However, the reduced debt service by more than 10 years to around 27 years, "said Oppel. are
For many borrowers, according to experts Volltilgerdarlehen the safest and cheapest solution. This type of loan, the repayment performance between four and five percent. This is the total duration of the loan to about 15 shortened to 20 years. "In this variant increases, although the monthly payment by the credit rate by about 50 percent. But for borrowers save interest costs in the amount of tens of thousands of euros. They also deal with a financing deal because Volltilgerdarlehen are calculated to remain with fixed-rate end of any residual guilt remains. "
over mortgage discount
discount mortgage is the pioneer of private building loans Agencies in Germany. Since 1997, the company combines the advantages of the Internet with the benefits of a telephone advice and sets standards for diversity, speed, service and low prices. More than 10,000 clients, debt consolidation and home buyers rely on mortgage discount per year. They can be free and without obligation to submit a loan offer that corresponds exactly to their needs. mortgage discount on a daily searches for the loan provided by 70 different banks and guarantees its customers interest benefits from an average of 0.5 percent. More info at www.hypothekendiscount.de
Contact:
mortgage discount
Kai Oppel
Jander
Straße 5 68199 Mannheim
Phone: +49 621 / 129 92-119
Fax: +49 621 / 129 92-120
kai.oppel (at) hypothekendiscount.de
www.hypothekendiscount.de
Source: presseportal.de
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