Many homebuyers took out loans to finance real estate when interest rates were low. Is it clever to pay them off faster with special repayments – or should you rather invest the money?
Nadine Oberhuber
Just a few months ago, homebuyers who found their own home in recent years and are now paying it off were happy. Because many of them still have really low loan interest rates in their contracts: If you bought a year ago, with luck you would still pay around one percent debit interest for the house loan in January 2022. The building interest rate has never been so low before – and not anymore afterwards. Anyone who financed in 2017 and 2018 was able to secure around 1.5 percent, mostly for a term of 15 years. That seems extremely favorable today in view of the rise in interest rates to 3.5 percent.
Source: Stern
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
