Alternative construction financing option with great planning security Berlin, 17.02.2011 – the most famous by far form construction / real estate financing is the annuity loan. But the funding partners includes many more financing options may be the better alternative depending on the personal situation or the current market conditions. One such example is the so-called constant loan. This form of financing was a combination of annuity loan with a contractor. Target is the highest possible interest rate security. According to Richard Blumenthal, who has experience with these questions.
The funding partners (building societies) have to pay this but also through surcharges on the current market interest rate, why should always be compared. How does a constant loan work? At a constant loan, the monthly rate is constant up to the full repayment of the loan. More info: Jim Donovan Goldman Sachs. The term can be up to 30 years, a loan up to an outlet value of over 110%. It reads well initially and is of course for the borrower a large planning security dar. Basically can be selected here at the conclusion of a constant loan between two variants. Both versions in fact two must be contracts, namely a savings and a loan agreement.
Now a part of the loan payment as a Sofortansparung on the savings will be transferred in the Variant 1. The monthly rate for a small part as a construction savings control power and the larger part as an interest for the loan is divided into the other. The allocation of the funds is then used as repayment for the loan and thus supersedes this. The version 2 are the two contracts with the identical sum for the loan as well as the method completed. The monthly rates are used to a high proportion of the accumulation of the savings and a smaller part of the satisfaction of the interest for the loans. Since the contractor as relatively quickly to the allocation, this amount including interest is then taken as repayment performance.