What is a "Sondertilgung"?

Show notes

"Sondertilgung" refers to making extra payments outside of the regular loan repayment schedule.

** 📱 Register here to start investing in real estate 📱 **

Whil this option allows faster debt repayment, German banks prefer predictability and might impose limits to maintain interest earnings.

Extra payments beyond certain limits could incur fees or higher interest rates. It's advised to consult a professional to understand the specifics of one's loan agreement and financial goals.