Repayment Termination Loan

A repayment suspension loan is also known as Good lender loans. Good lender loan (“repayment suspension”) for the long-term financing of real estate and homeownership. With this form of financing, you receive a home loan, the repayment of which is suspended (Good lender loans). Instead of the repayment, a home savings contract is saved (the home savings amount corresponds to the amount of the Good lender loan). The Good lender loan is deducted from the Cram bank balance when allocating the Cram bank contract.

Real estate loan is paid out on an ongoing basis

Real estate loan is paid out on an ongoing basis

If you have been thinking about a real estate loan, you will not be bypassing the terms and conditions for annuity, mortgage and repayment loans. A repayment suspension loan is also known as Good lender loans. But what is it really about? The so-called Good lender loan is often chosen exactly for real estate financing and is the counterpart to a normal loan.

In this case, the repayment share is not paid on an ongoing basis, but only at the end of the loan term. The interest is paid by the borrower on a monthly or quarterly basis. In the case of an annuity loan, the loan is repaid by the borrower for the agreed total term. This means that the total amount of a real estate loan is paid out on an ongoing basis.

This loan is an annuity loan in which the property is used as collateral for the house bank. The credit institution therefore retains the right to repay the loan by utilizing the real estate used as collateral. This happens when the borrower does not pay the loan installments. The mortgage loan is a common credit option in real estate financing.

This gives the house bank the certainty that the loan amount will actually be repaid.

This gives the house bank the certainty that the loan amount will actually be repaid.

The Good lender loan with construction loan agreement is very popular. A loan with repayment lock is used in conjunction with a construction loan agreement. If the savings contract is calculated with a suitable penalty amount and a suitable allocation date, there is no economic risk. The repayment rate may be replaced by a construction loan as soon as the contract is ready for allocation. If you choose to combine a loan with a construction loan contract, it is possible to cut costs compared to the annuity loan.

Because with a combination of Good lender loans and Cram bank contracts, the borrowers are usually awarded by the housing associations more favorable conditions. Partly, this version is also a great way to annuity loans. For a loan with a repayment lock, the repayment will only be made after the end of the loan term, after the interest payments have been made.

Although you want your loan to be paid as soon as possible, and as a result, you usually opt for a loan with annuity, a Good lender loan has its advantages over other loans. In connection with a contract you can save even more, since the interest on an annuity loan is usually higher.

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