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Posts Tagged ‘construction-financing’

Presently, mortgage rates, which are provided in construction financing, below the historic low that was reached in autumn 2005. For significantly less than 3%, is five-year loans may be used.

Max Herbst, chief of the DMH Financial, told the media that the interest rate with the five-year mortgages already 0.3 percentage points lower than during the historic lows. Some banks offer construction financing with a maturity of five years starting at a rate of 2.50 percent. Even for loans with a 10-year interest rates are so cheap, like it was a long time.

In such operations, the low point was already reached. Interest rates start at individual banks at 3.50 percent. average must be calculated at the ten-year mortgage at an interest rate of 3.72 percent. This is already less than the previous historic low. Only when financing with a fixed interest period of 15 years of historic low point was not reached. So far, borrowers have to pay for these offers still 0.10 percentage points more. The cheapest provider to offer loans with fixed interest for 15 years from 3.85 percent.