Tips for borrowers that are worth buying a house or a condo is one of the largest investments of life. Who sent going when the loan, can save tens of thousands of euro interest rates during the often decades-long term. The VZ VermogensZentrum has put together the most important tips that borrower as cheap and long term portable make their financing. 1 From the low interest rates benefit the construction money conditions are currently very attractive, because cheap refinancing options available are credit institutions. Loans are funded from savings in the short term and long term bonds.

The interest rates on savings and mortgage-bond yields are currently at the lowest level of ever. 2. Target borrowers should months before the expiry of its period of interest binding check at least 3-6, whether or not they accept the extension offer of their lender or whether other providers offer better terms follow-on financing. Often worth switching to another bank. Borrowers can secure in advance a low interest rate, by one to two years before the end of their loan closing off a forward loan with appropriate lead time.

3. Funding use real estate builders and buyers can receive financial support from federal, State and local. Alone the KfW Forderbank offers nearly a dozen programmes. The State supports customers, builders and home buyers with grants and tax breaks. Also, Federal States and municipalities offer funding. 4. Individual credit rating improve banks include a surcharge for individual credit risk when calculating loan interest rates for all borrowers. Borrowers can improve their credit rating: positive safe income, a low debt and high to use equity affect. Borrower, for example, have inherited or a life insurance policy from get paid, you can these assets the Bank as additional security offer. 5. Real estate retired hedge decreases the income to retirement, home ownership reduced the expenditure budget; Costs continue but may also loan payments.