The follow-on financing offers high savings potential a decision of real estate loan interest binding time running out, on the agenda: the borrower either continues his loan at the old bank or he will switch to a cheaper provider. In the second variant, although additional costs, but these are limited. Who needs a follow-up financing for his mortgage, which should not only wait for the message from the Bank. Not infrequently, credit institutions put their customers by phasing out the interest rate and the new conditions very shortly in knowledge. Not sufficient time the persons concerned then, in order to obtain offers of other banks quietly. You should therefore already a few months before the end of the period an extension offer ask their bank and compare this with the quotations of the competition.
Who will be active at an early stage, has the best chance to save interest. Assignment of mortgage to the new Bank of the effort and the costs for the Bank bills stick within limits. When is the borrower for a quote a new bank rules, must this be reflected accordingly in the land. Fees and notary costs incurred for the land changes. There are three possibilities: the assignment, the cancellation and new registration and the partial assignment in connection with the deletion of the part. The cheapest and easiest way is in processing the variant of the assignment. The customer signs the assignment document created by the old lender for this together with the loan agreement, and the banks control everything else – the assignment of the mortgage and the payment of the sum to a certain date – among themselves.
Costs are manageable notary fees for the assignment of a mortgage, for example, 125,000 euros amounting to around 75 euros and land registry fees amounting to about 130 euros. It is much more expensive, if a deletion of the old mortgage and the new registration of the remainder is made. The costs then a total of around 800 euros. This procedure is necessary only if a higher mortgage to enter. Connection financing a real estate loan the loan amount is but usually lower than at the beginning of the financing. By the interest savings loan companies reviewed in the cost of the banking bills. To half a percentage point cheaper real estate loan, he quickly saves some thousand euros within 10 years. Also: Some banks reimburse willing to exchange for the assignment of the mortgage. On for more information, interested parties and around the topic of construction financing. Company Description hypo star is a Web portal for private mortgage lending. With the construction mortgage calculator the hypo star interested can calculate free of charge their financing. A network of more than 1,000 finance professionals specialized in mortgage lending assists clients in all questions, finds the advantageous for them and accompanies them until the conclusion of the contract. Hypo star their specially developed construction financing software offers banks, insurance companies and distributors. Company contact: HypoStar GmbH Michael Lorenz Friedrich-Ebert-Damm 111A 22047 Hamburg Tel: 0800 / 868 88 88 E-Mail: Web: