Mortgage loans are mortgaged loans. The mortgage is regulated in §1191 BGB. The borrower charges a property with a fixed amount of money for which his property or his property is liable to the lender.
Difference to the mortgage loan
Unlike a mortgage loan in the narrower sense, the mortgage does not relate to a specific loan agreement. It does not automatically expire when all liabilities have been settled, but also persists with respect to future liabilities. Mortgage loans can, for. For example, they may serve as collateral for a line of credit or to consolidate other loans into a lower-interest loan. It is interesting that almost all real estate loans issued in Germany have been mortgage loans for almost 50 years.
Benefits and use
Compared to other loans, the mortgage loan offers you the advantage of a lower interest, a longer term and thus lower rates. They can also replace existing loans or mortgage lending, thereby significantly reducing the monthly payload.
The mortgage has the advantage of being broader in relation to the mortgage, which makes it much more suitable for private real estate financing. Thus, the replacement of the land charge in the context of a rescheduling is much easier and cheaper than the replacement of a mortgage.
Interest on mortgage loans compared
A glance at our calculator shows you how low interest rates on mortgage loans are:
Compare mortgage lending
Our mortgage calculator helps you to find the best mortgage lending:
Net loan amount: Running time: 5 years ten years 15 years 20 years Mortgage lending: 60% 80% repayment: 1 % 2% 3% 4% 5% 6% 7% 8th % 9% 10% full
Also as a subordinated loan
They can also be designed as subordinate claims, which can also be used as collateral already encumbered and not fully repaid. The new mortgage is subordinated to existing mortgages (hence the term subordinated loan).
For whom are mortgage loans suitable?
Mortgage lending is always an option if you own a home or condominium and use it yourself.
Land charges may be terminated by both parties with six months’ prior notice. With regard to other conditions – such. For example, interest rates – mortgage loans are very similar or identical to mortgage loans.
Request a free quotation for individual mortgage lending
As every home loan should be tailored to your needs, we recommend that you consult an expert when planning the financing. Using the form below, you can request a free and non-binding financing consultation and a corresponding offer from Interhyp AG, one of the leading mortgage loan intermediaries in Germany.