variable can be terminated easier financing no interest rate is agreed, the variable loan may be terminated at any time in compliance with a notice period of three months. The previous Bank is not prepared to negotiate a debt restructuring on another credit institution so relatively simple can lead to high interest savings. Variable loans, the interest rate market should be constantly watched so that can be adequately addressed. 5. options for a follow-on financing early check an agreed interest rate expires, can be immediately paid off the remaining debt from the loan or financed connection. The borrower long before outlet of the interest rate should look after a favorable follow-up financing. Using a forward loan conditions for the loan of a connection can be arranged for example up to 5 years in advance. 6 descriptive comparison of offers for the follow-on financing to perform the request Conditions for an appropriate follow-up funding should always the key figures such as loan amount, interest rate period, repayment rate and flexible options) include.
This facilitates comparing and sorting out the cheapest deals later. 7 special repayment options use special repayment options for the current financing contract are agreed upon, should be checked, whether the free redemptions have been used already. Equity stands for a special repayment available, the savings through the special repayment is usually higher than the investment of capital in a savings account or similar 8. Attachments are renewed financing credit Institute contact or planned major renovations or modifications, it may be worth just in low interest rate periods, to increase an existing (and principal amount due had already to a large extent) real estate finance”. The financing credit institution can increase if necessary the sum of loans on favourable terms, and without the need for a new security deposit. 9. Regular examination of alternative forms of credit to check for cheap follow-on financing and debt rescheduling it is advisable also to consider alternative forms of credit and offers of foreign banks: just who keeps open the eyes, can strike at investment opportunities and save lots of money. 10 inform about changes and current market conditions, on the portal can be the borrower again up-to-date news on the credit market, current interest rates and inform regulatory changes in financing contracts. This can affect their own funding depending on your personal situation.