The best flexible mortgage loans despite interest rate changes - tips from financial experts.

The best flexible mortgage loans despite interest rate changes - tips from financial experts.

According to a report by www.n-tv.de,

Expensive loans and high construction costs are currently making life difficult for builders, buyers and modernizers. The European Central Bank raised interest rates ten times in 16 months, which caused the real estate market in Germany to collapse dramatically and demand for building financing to fall. According to the FMH database, the interest rate for 400,000 euros (80 percent loan-to-value) with a fixed interest rate of ten years is an average of 4.16 percent, compared to 1.15 percent in November 2021.

It is therefore crucial not only to pay attention to the interest rates when financing, but also to adapt the repayment conditions to your own needs. In times of high interest rates, it is important to keep the monthly burden manageable and to use flexible repayment options in order to be able to react to changes in the financial situation. FMH Finanzberatung has determined which banks currently offer the most adaptable loan agreements, taking various factors such as lead time, special repayment options and repayment changes into account.

The best choice for flexible building loans are DEVK - the insurance company and Signal Iduna - the building society at nationwide institutions, as well as the direct banks 1822direkt and ING. When it comes to regional banks, PSD Bank Koblenz and Sparda Bank Südwest perform best.

This information makes it clear that in times of rising interest rates and high construction costs, flexible mortgage loans can be a viable option for builders, buyers and renovation projects to ensure financial flexibility and adaptability.