Optimum variant of construction financing for families with a high monthly income. Berlin, 01.10.2010 – Volltilger loan (or even constant loans) are a variation of the annuity loan with complete repayment of the mortgage over a predetermined period. The timeframe as well as the regular charges laid down from the outset invariably and enable as an excellent transparency for the total financing. But what are the pros and cons and who is this loan option for? The term is usually between 10 and 20 years in advance fixed interest rate, as well as exact repayment schedule many advantages and few disadvantages. After expiration of the term, the mortgage is fully paid. So no interest rate risk arises, no need for re-negotiation and compared to normal”annuity loan shorter term of less interest burden. The borrower knows the period and thus the repayment rate, and the monthly burden on homogeneous rates in advance up to the full repayment of the loan. However, are in the Unlike the classic annuity loan no special repayment or repayment suspension possible.

“” A Volltilger loan may neither upwards “still down” differ from the previously fixed terms. All this means an extremely high financial planning security. Also mean times of low interest rates (as they currently are), that such Volltilger loans are cheap to get. This is because that the favourable interest rate serves as the basis for the calculation of interest for the planned Volltilger loan. This interest can no longer be changed until complete redemption, even if the General level of interest rates rising again. High-income borrowers with good credit standing, which can significantly reduce so their total financing costs are the main target group for Volltilger loans. This is of course interesting for every borrower, but not everyone can afford this kind of redemption, because: quite usual initial repayment rates by at least 3 per cent (only 10-year term even almost 8) Percent!) is this loan option somewhat for builders, which can also easily shoulders a such monthly burden, because the rates are correspondingly high. For this reason, an appropriate examination and valuation of the assets and income of the applicant takes place side by credit institution, of course.

Volltilger loans of comparability with other forms of loan are similar in principle quite constant loan when building societies. However, the differences are that held no accumulation phase or other links with various forms of loan. A pure Volltilger loan is not only easier to understand, but also with very clear cost structure. Otherwise, Volltilger loan with conventional annuity loans are similar, however with the already described differences in structural design (full repayment with previously fixed term and repayment and fixed interest rate). Conclusion who the disadvantage of high mortgage payments over several years due to his income or asset situation need not fear, should be sure this loan type closer look at. You also a clearly calculable, safe and cheap loan repayment offers clear structures and exempt the borrower from further considerations. For more information and offers can be determined under Immokredit24.com. It may be very worthwhile to examine the possibilities for the completion of a Volltilgerdarlehens on the basis of one’s own situation! More information: Volltilgerdarlehen low cost, quick repayment loan types which loan types there are?

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