The purchase of a property is still under a good star in terms of low-interest real estate loans. Loans for real estate are still quite cheap. However, experts believe that the tide could turn and interest rates for real estate loans could rise again. To find out how you can secure better terms with a quick repayment loan, click here.
Quick repayment loan – how to protect yourself from rising interest rates
A quick repayment loan is a conventional annuity loan that is repaid within a comparatively short period of time. One speaks with a fast amortization loan also frequently also of a full amortization loan. The great advantage of this loan is that the interest rate is fixed for the entire term. Follow-up financing is not planned. When property buyers opt for a quick repayment, they have a high degree of planning security. You determine the timing of the financing yourself. Average interest rates for real estate loans with a fixed interest rate of ten years have risen again since May 2015 and are currently around 1.76 percent. Interest rates of 1.76 percent for a real estate loan are still favorable, but no one can say how long this level will be maintained.