Appointment credit conditions
Conditions and conclusion of a term loan: Consumers should be careful. Before taking up a forward loan, consumers should consider a number of factors. To discuss our term credit, we need your existing loan agreement and other personal documents such as proof of income, tax assessment, etc. Based on this, we will create a financing plan for you with excellent conditions. Because we have designed the forward loan ourselves in its current form, we are well-acquainted with all conditions, features and peculiarities.
Do you want to secure the terms of a future loan today? Then the forward loan model is the right choice for you. Especially in the current low interest rate phase, a forward loan is attractive: Do you today set good conditions for the refinancing of loans whose fixed interest period in then?
Plan security with unpredictable interest rate development
“Suffering is the joy of others” – with this offer you can describe the current situation for homeowners and homeowners, which fits best with a current mortgage lending. Due to the Fine Bank’s zero interest rate policy, which has been in place since the beginning of 2016, at a low of 0.0 percentage points, real estate investors can now receive real estate financing or follow-up financing at lower prices than ever before.
To safeguard these advantageous conditions, even if the expiry of your own current real estate financing is only in 2-3 years, it is now possible to underpin the terms with a term loan. With the English term forward, the form of such a credit variant is called: It completes today already a new financing option, even if the loan is due in a few moments or years.
Interest that increases with the term
However, credit institutions charge a premium on the interest that increases with the term of the waiting period. Most institutions did not provide a follow-up interest rate premium that would fall due within six to twelve months. The premium for term loans with a longer lead time to approx. 0.02 to 0.04% points is the interest rate per monthly lead time.
Nobody knows how mortgage rates will continue to develop over the next few years. With a term loan, you create a plan security for yourself. With a predictable loan rate, you can plan for the long term. Because of the low interest rates, you have the opportunity to put the released liquidity reserve into an increased repayment to siphon off your mortgages faster, so you can enjoy your withdrawal into the repaid property.