Originally Posted by
homerjsimpso
Yeah, that's the reason we're thinking about it. Im just wondering how this compares to the regular fixed interest rate mortgages being offered by bank every other day? Anyone have a mortgage they took recently that they can compare this to?
Interests on mortgages vary. As a "first adress" you should get it around 1 %, but it can also be around 3 or 4 %. Depends on credit record, your own capital and other factors.
Originally Posted by
Fireflyer05
In the current situation with generally low interest rates a Bausparvertrag doesn't provide much advantage to regular mortgages. What you could do with it is to secure low interest rates for the time when your regular fixed interest mortgage is over. Example: A colleague is now building his house and got a regular mortgage with fixed interest for 15 years. Additionally he made a Bausparvertrag with a low interest rate, which he will use after the 15 years to pay the first mortgage contract off and then have another low interest mortgage independent of the general situation then.
Excactly. But in this case the Bausparvertrag is an addition to the classical mortgage.