[{"data":1,"prerenderedAt":417},["ShallowReactive",2],{"blog-article-5-mistakes-with-mortgage-en":3},{"article":4,"recommendedArticles":392},{"slug":5,"title":6,"listPicture":7,"listPictureMobile":8,"listPictureWebp":9,"listPictureMobileWebp":10,"preview":11,"category":12,"author":13,"authorImage":14,"authorImageWebp":15,"authorDescription":16,"authorSlug":17,"content":18,"contentRaw":19,"order":364,"publishedAt":365,"createdAt":365,"updatedAt":366,"seoTitle":367,"seoDescription":368,"seoKeywords":369,"seoImage":370,"mainPicture":371,"mainPictureMobile":372,"mainPictureWebp":373,"mainPictureMobileWebp":374,"language":375,"subTitle":369,"actionLabel":369,"actionType":369,"actionText":369,"id":369,"introduction":376,"tableOfContentArray":377},"5-mistakes-with-mortgage","5 Mistakes to Avoid With Your Mortgage in Germany","https:\u002F\u002Fimages.ctfassets.net\u002Fshj4zexxz7od\u002F4laOeU0rAZZWEftSm0wIpB\u002F7357a5b943325488aff0144d7b9aec43\u002Ffehler-immobilien-800x511.jpg","https:\u002F\u002Fimages.ctfassets.net\u002Fshj4zexxz7od\u002F6x9BouTUXqbkRrsZLijSXv\u002F3ede78ec97e560419c4dad8cf1eacd17\u002Ffehler-immobilien-380x243.jpg","https:\u002F\u002Fimages.ctfassets.net\u002Fshj4zexxz7od\u002F2ZNYs0W8nQaD7VSzpVNwWg\u002F4016c2541dfb838b9b45255ce7cb9a20\u002Ffehler-immobilien-800x511.webp","https:\u002F\u002Fimages.ctfassets.net\u002Fshj4zexxz7od\u002F1SFPvUH4PHQHnAr18CWPcQ\u002Ff9d81b5b39b633ee816442f91f5e14ad\u002Ffehler-immobilien-380x243.webp","Several studies show: People who buy real estate get wealthier. That's why it's important to avoid some mistakes in your mortgage.","mortgage-fundamentals","Dr. Chris Mulder","https:\u002F\u002Fa.hypofriend.de\u002Fhypofriends\u002Fdr.-christian-mulder.png","https:\u002F\u002Fa.hypofriend.de\u002Fhypofriends\u002Fdr.-christian-mulder.webp","Dr. Chris is a former Senior Economist and Manager at the IMF and The World Bank. He is a Hypofriend Co-founder.","chris","  \u003Cdiv id=\"table-of-contents\">\n    \u003Cdiv class=\"headline\">\n      Table Of Contents\n    \u003C\u002Fdiv>\n    \u003Cul>\n      \u003Cli>\n  \u003Ca @click.prevent=\"$root.$emit('scrollAnchor', $event)\" href=\"#h-1-accumulating-equity-for-too-long\">\n    1. Accumulating Equity for Too Long \n  \u003C\u002Fa>\n\u003C\u002Fli>\u003Cli>\n  \u003Ca @click.prevent=\"$root.$emit('scrollAnchor', $event)\" href=\"#h-2-going-for-too-small-a-property-using-instead-the-savings-for-paying-down-the-mortgage\">\n    2. Going for Too Small a Property, Using Instead the Savings for Paying Down the Mortgage\n  \u003C\u002Fa>\n\u003C\u002Fli>\u003Cli>\n  \u003Ca @click.prevent=\"$root.$emit('scrollAnchor', $event)\" href=\"#h-3-paying-off-the-loan-too-quickly\">\n    3. Paying Off the Loan Too Quickly \n  \u003C\u002Fa>\n\u003C\u002Fli>\u003Cli>\n  \u003Ca @click.prevent=\"$root.$emit('scrollAnchor', $event)\" href=\"#h-4-getting-the-wrong-fixed-interest-rate\">\n    4. Getting the Wrong Fixed Interest Rate \n  \u003C\u002Fa>\n\u003C\u002Fli>\u003Cli>\n  \u003Ca @click.prevent=\"$root.$emit('scrollAnchor', $event)\" href=\"#h-5-not-negotiating-the-property-price\">\n    5. Not Negotiating the Property Price\n  \u003C\u002Fa>\n\u003C\u002Fli>\u003Cli>\n  \u003Ca @click.prevent=\"$root.$emit('scrollAnchor', $event)\" href=\"#h-conclusion\">\n    Conclusion\n  \u003C\u002Fa>\n\u003C\u002Fli>\n    \u003C\u002Ful>\n  \u003C\u002Fdiv>\n\u003Cp>The reasoning behind this is relatively simple: homeowners benefit from the steady increase in the value of their properties. The current low mortgage interest rates also make it easier for them to build up a financial buffer and be well-off.\u003C\u002Fp>\n\u003Cp>When it comes to your mortgage, however, there are four mistakes that Germans, in particular, often fall into. Such mistakes could keep you from (more fully) enjoying the financial benefits of homeownership.\u003C\u002Fp>\n\u003Cdiv class=\"video-container\">\n  \u003Cscript type=\"application\u002Fld+json\">\n  {\n     \"@context\": \"https:\u002F\u002Fschema.org\",\n     \"@type\": \"VideoObject\",\n     \"name\": \"5 Biggest Mortgage Mistakes You Want To Avoid\",\n     \"description\": \"We've been working tirelessly to support our customers in securing their dream homes, and along the way, we've noticed some common mistakes that people tend to make when it comes to their mortgages. \",\n     \"thumbnailUrl\": \"https:\u002F\u002Fi.ytimg.com\u002Fvi\u002F5rgNQcpDQRU\u002Fmaxresdefault.jpg\",\n     \"uploadDate\": \"2023-01-15T09:00:00+02:00\",\n     \"contentUrl\": \"https:\u002F\u002Fwww.youtube.com\u002Fembed\u002F5rgNQcpDQRU\",\n     \"embedUrl\": \"https:\u002F\u002Fwww.youtube.com\u002Fembed\u002F5rgNQcpDQRU\",\n     \"publisher\": {\n        \"@type\": \"Organization\",\n        \"name\": \"Hypofriend\",\n        \"logo\": {\n           \"@type\": \"ImageObject\",\n           \"url\": \"https:\u002F\u002Fa.hypofriend.de\u002Fhypofriend-logo.svg\"\n        }\n     }\n  }\n  \u003C\u002Fscript>\n\n  \u003Ciframe width=\"100%\" height=\"100%\" src=\"https:\u002F\u002Fwww.youtube.com\u002Fembed\u002F5rgNQcpDQRU\" loading=\"lazy\" fetchpriority=\"low\" title=\"Embedded video player\" frameborder=\"0\" referrerpolicy=\"strict-origin-when-cross-origin\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen>\n  \u003C\u002Fiframe>\n\u003C\u002Fdiv>\n\u003Ch2 id=\"h-1-accumulating-equity-for-too-long\">1. Accumulating Equity for Too Long \u003C\u002Fh2>\n\u003Cp>Many people make the mistake of accumulating savings for too long that they actually don't need. Those who bring equity will receive a mortgage in better conditions. But beyond a down payment of 5%, the marginal benefits are typically modest. Oftentimes, a lot less equity is sufficient for a mortgage than expected. By saving for a long time, you will forgo the increasing property value and pay high rent. \u003C\u002Fp>\n\n            \u003Cpicture>\n              \u003Csource type=\"image\u002Favif\" sizes=\"(min-width: 961px) 961px, 100vw\" srcset=\"\n                      \u002F\u002Fimages.ctfassets.net\u002Fshj4zexxz7od\u002F69ZqBdMSIvI0MN9U33Um5s\u002Fd4fe4d6ec1de112873bd765aea8db023\u002Feffect-LTV-on-interest-rates.png?fm=avif&w=327 327w,\n                      \u002F\u002Fimages.ctfassets.net\u002Fshj4zexxz7od\u002F69ZqBdMSIvI0MN9U33Um5s\u002Fd4fe4d6ec1de112873bd765aea8db023\u002Feffect-LTV-on-interest-rates.png?fm=avif&w=570 570w,\n                      \u002F\u002Fimages.ctfassets.net\u002Fshj4zexxz7od\u002F69ZqBdMSIvI0MN9U33Um5s\u002Fd4fe4d6ec1de112873bd765aea8db023\u002Feffect-LTV-on-interest-rates.png?fm=avif&w=961 961w,\n                      \u002F\u002Fimages.ctfassets.net\u002Fshj4zexxz7od\u002F69ZqBdMSIvI0MN9U33Um5s\u002Fd4fe4d6ec1de112873bd765aea8db023\u002Feffect-LTV-on-interest-rates.png?fm=avif&w=1200 1200w,\n                      \u002F\u002Fimages.ctfassets.net\u002Fshj4zexxz7od\u002F69ZqBdMSIvI0MN9U33Um5s\u002Fd4fe4d6ec1de112873bd765aea8db023\u002Feffect-LTV-on-interest-rates.png?fm=avif&w=1922 2x\n                    \">\n              \u003Csource type=\"image\u002Fwebp\" sizes=\"(min-width: 961px) 961px, 100vw\" srcset=\"\n                      \u002F\u002Fimages.ctfassets.net\u002Fshj4zexxz7od\u002F69ZqBdMSIvI0MN9U33Um5s\u002Fd4fe4d6ec1de112873bd765aea8db023\u002Feffect-LTV-on-interest-rates.png?fm=webp&w=327 327w,\n                      \u002F\u002Fimages.ctfassets.net\u002Fshj4zexxz7od\u002F69ZqBdMSIvI0MN9U33Um5s\u002Fd4fe4d6ec1de112873bd765aea8db023\u002Feffect-LTV-on-interest-rates.png?fm=webp&w=570 570w,\n                      \u002F\u002Fimages.ctfassets.net\u002Fshj4zexxz7od\u002F69ZqBdMSIvI0MN9U33Um5s\u002Fd4fe4d6ec1de112873bd765aea8db023\u002Feffect-LTV-on-interest-rates.png?fm=webp&w=961 961w,\n                      \u002F\u002Fimages.ctfassets.net\u002Fshj4zexxz7od\u002F69ZqBdMSIvI0MN9U33Um5s\u002Fd4fe4d6ec1de112873bd765aea8db023\u002Feffect-LTV-on-interest-rates.png?fm=webp&w=1200 1200w,\n                      \u002F\u002Fimages.ctfassets.net\u002Fshj4zexxz7od\u002F69ZqBdMSIvI0MN9U33Um5s\u002Fd4fe4d6ec1de112873bd765aea8db023\u002Feffect-LTV-on-interest-rates.png?fm=webp&w=1922 2x\n                    \">\n              \u003Cimg loading=\"lazy\" class=\"image-fluid\" alt=\"loan to value table (LTV)\" sizes=\"(min-width: 961px) 961px, 100vw\" width=\"961\" srcset=\"\n                      \u002F\u002Fimages.ctfassets.net\u002Fshj4zexxz7od\u002F69ZqBdMSIvI0MN9U33Um5s\u002Fd4fe4d6ec1de112873bd765aea8db023\u002Feffect-LTV-on-interest-rates.png?w=327 327w,\n                      \u002F\u002Fimages.ctfassets.net\u002Fshj4zexxz7od\u002F69ZqBdMSIvI0MN9U33Um5s\u002Fd4fe4d6ec1de112873bd765aea8db023\u002Feffect-LTV-on-interest-rates.png?w=570 570w,\n                      \u002F\u002Fimages.ctfassets.net\u002Fshj4zexxz7od\u002F69ZqBdMSIvI0MN9U33Um5s\u002Fd4fe4d6ec1de112873bd765aea8db023\u002Feffect-LTV-on-interest-rates.png?w=961 961w,\n                      \u002F\u002Fimages.ctfassets.net\u002Fshj4zexxz7od\u002F69ZqBdMSIvI0MN9U33Um5s\u002Fd4fe4d6ec1de112873bd765aea8db023\u002Feffect-LTV-on-interest-rates.png?w=1200 1200w,\n                      \u002F\u002Fimages.ctfassets.net\u002Fshj4zexxz7od\u002F69ZqBdMSIvI0MN9U33Um5s\u002Fd4fe4d6ec1de112873bd765aea8db023\u002Feffect-LTV-on-interest-rates.png?w=1922 2x\n                    \" src=\"\u002F\u002Fimages.ctfassets.net\u002Fshj4zexxz7od\u002F69ZqBdMSIvI0MN9U33Um5s\u002Fd4fe4d6ec1de112873bd765aea8db023\u002Feffect-LTV-on-interest-rates.png?w=961\">\n            \u003C\u002Fsource>\u003C\u002Fsource>\u003C\u002Fpicture>\n          \n\u003Cp>As demonstrated by the table above, the more equity you put down, the lower the interest rate. However, beyond 5% the interest rate is less with each step. \u003C\u002Fp>\n\u003Cp>With \u003Ca href=\"https:\u002F\u002Fhypofriend.de\u002Fen\u002Fcriteria\u002Fstart\">Hypofriend’s affordability calculator,\u003C\u002Fa> you find out how much a property you can up to given your available equity. \u003C\u002Fp>\n\u003Ch2 id=\"h-2-going-for-too-small-a-property-using-instead-the-savings-for-paying-down-the-mortgage\">\n\u003Cb>2. \u003C\u002Fb>Going for Too Small a Property, Using Instead the Savings for Paying Down the Mortgage\u003C\u002Fh2>\n\u003Cp>The more savings you have, the more house you can afford. However, it is precisely this simple equation that many real estate buyers do not consider. Instead of using their equity to maximize the house they can afford, they use the money as a down payment on the loan. \u003C\u002Fp>\n\u003Cp>It is generally a smarter strategy to buy more houses when interest rates are this low, but then reduce your risk by fixing the rate for a longer period. In this way, you can benefit from the gradual price increases of a bigger asset and also enjoy more space. \u003C\u002Fp>\n\u003Cp> Your financial advisor from Hypofriend will show you how much equity makes sense for your \u003Ca href=\"https:\u002F\u002Fwww.mylifeingermany.com\u002Fmortgage-in-germany\u002F\">mortgage\u003C\u002Fa> and how your net worth can evolve depending on the size of house you buy\u002Fdown payment you make.\u003C\u002Fp>\n\u003Cp>\u003Ca href=\"https:\u002F\u002Fhypofriend.de\u002Fen\u002Fproperties\">Your perfect property? Waiting for you in our Hypofriend property search!\u003C\u002Fa>\u003C\u002Fp>\n\u003Ch2 id=\"h-3-paying-off-the-loan-too-quickly\">3. Paying Off the Loan Too Quickly\u003Cb> \u003C\u002Fb>\n\u003C\u002Fh2>\n\u003Cp>Could repaying your loan quickly be a mistake? Yes, because borrowing money has rarely been as cheap as it is today. Instead of putting your savings into \u003Ca href=\"https:\u002F\u002Fwww.shubhamdipt.com\u002Fmortgage-calculator-blog#home\">paying off your mortgage\u003C\u002Fa> through special repayments, you can invest it elsewhere. \u003C\u002Fp>\n\u003Cp>The mortgage interest rates are about one percent. There are plenty of investment opportunities returning (risk-adjusted) way more than one percent, and it makes more sense to put the money that way and not invest it in the quick repayment of your loan. \u003C\u002Fp>\n\u003Cp>Since banks currently do not pay profitable interest on savings, it is worth \u003Ca href=\"https:\u002F\u002Fwww.lifeinduesseldorf.com\u002Finvesting-german-real-estate\u002F\">investing the money \u003C\u002Fa>\u003Ca href=\"https:\u002F\u002Fwww.lifeinduesseldorf.com\u002Finvesting-german-real-estate\u002F\">in a second property\u003C\u002Fa> or the stock market. Don't worry: Some options can be low cost, modest risk (by spreading the investments very widely and paying a bit of insurance or simply investing for a long time – over long horizons, stocks are less risky as they grow with the economy).\u003C\u002Fp>\n\u003Cp>\u003Ca href=\"https:\u002F\u002Fhypofriend.de\u002Fen\u002Fsondertilgung-a-popular-but-overrated-option.afb\">\u003Cu>Read here why unscheduled repayments are a popular but overrated option\u003C\u002Fu>\u003C\u002Fa>.\u003C\u002Fp>\n\u003Ch2 id=\"h-4-getting-the-wrong-fixed-interest-rate\">4. Getting the Wrong Fixed Interest Rate \u003C\u002Fh2>\n\u003Cp>The fixed-interest phase gives you planning security. However, it should definitely be adapted to your personal situation. For many real estate buyers, it is either too short or too long, and this costs them a lot of money. \u003C\u002Fp>\n\u003Cp>For example, the security of a long fixed-interest period of 20 years comes with the bank demanding a higher interest rate. But if you plan to live in the property for only ten years and sell it afterward, your loan will cost you more than necessary. \u003C\u002Fp>\n\u003Cp>If, on the other hand, you plan to live in your home for twenty years, you should fix the interest rate for a longer period. Because if it expires after ten years, you will need follow-up financing. Interest rates have been much higher historically, and it could be that you will have to pay considerably more for follow-up financing. \u003C\u002Fp>\n\u003Cp>At Hypofriend, we use advanced interest rate forecasting techniques. We don't have a crystal ball, but these models are better than wild amateur guesses. Importantly, we look at the speed of your repayment and the risks that you can carry given your income outlook and weigh that with the cost of fixing the interest rate longer. We will show you how you can make this assessment.\u003C\u002Fp>\n\u003Cp>\u003Ca href=\"https:\u002F\u002Fhypofriend.de\u002Fen\u002Fgerman-mortgage-calculator\">Use our German mortgage calculator to discover how different fixed interest periods affect your mortgage.\u003C\u002Fa>\u003C\u002Fp>\n\u003Ch2 id=\"h-5-not-negotiating-the-property-price\">5. Not Negotiating the Property Price\u003C\u002Fh2>\n\u003Cp>Knowing about the value of a property is key as it gives you confidence while negotiating the price of your dream home. Hypofriend offers a \u003Ca href=\"https:\u002F\u002Fhypofriend.de\u002Fen\u002Faccount\u002Fproperty-value\">free property evaluation tool \u003C\u002Fa>that estimates the value of a building based on a few data points like address, building year or condition of the property. The engine works similar to how most lenders would estimate a property value.\u003C\u002Fp>\n\u003Ch2 id=\"h-conclusion\">Conclusion\u003C\u002Fh2>\n\u003Cp> As you have seen, there are some things to consider when choosing a mortgage. You should absolutely avoid these five mistakes in your mortgage. They can cost you up to 50 percent of the purchase price over the lifetime of owning your house. \u003C\u002Fp>\n\u003Cp>Your Hypofriend mortgage advisor will accompany you throughout the entire process and help you optimize your finances for your long-term financial well-being. So you can enjoy your dream home.\u003C\u002Fp>",{"data":20,"content":21,"nodeType":363},{},[22,31,38,55,63,70,86,93,113,126,133,140,159,177,189,208,215,244,264,271,278,285,292,299,316,323,342,349,356],{"data":23,"content":24,"nodeType":30},{},[25],{"data":26,"marks":27,"value":28,"nodeType":29},{},[],"The reasoning behind this is relatively simple: homeowners benefit from the steady increase in the value of their properties. The current low mortgage interest rates also make it easier for them to build up a financial buffer and be well-off.","text","paragraph",{"data":32,"content":33,"nodeType":30},{},[34],{"data":35,"marks":36,"value":37,"nodeType":29},{},[],"When it comes to your mortgage, however, there are four mistakes that Germans, in particular, often fall into. Such mistakes could keep you from (more fully) enjoying the financial benefits of homeownership.",{"data":39,"content":45,"nodeType":46,"entry":47},{"target":40},{"sys":41},{"id":42,"type":43,"linkType":44},"fpkqeJbpm43kTts4Uy8Ml","Link","Entry",[],"embedded-entry-block",{"videoUrl":48,"title":49,"decription":50,"thumbnail":51,"uploadDate":52,"contentUrl":48,"embedUrl":53,"type":44,"contentType":54},"https:\u002F\u002Fwww.youtube.com\u002Fembed\u002F5rgNQcpDQRU","5 Biggest Mortgage Mistakes You Want To Avoid","We've been working tirelessly to support our customers in securing their dream homes, and along the way, we've noticed some common mistakes that people tend to make when it comes to their mortgages. ","https:\u002F\u002Fi.ytimg.com\u002Fvi\u002F5rgNQcpDQRU\u002Fmaxresdefault.jpg","2023-01-15","https:\u002F\u002Fhypofriend.de\u002Fen\u002F5-mistakes-with-mortgage.afb","video",{"data":56,"content":57,"nodeType":62},{},[58],{"data":59,"marks":60,"value":61,"nodeType":29},{},[],"1. Accumulating Equity for Too Long ","heading-2",{"data":64,"content":65,"nodeType":30},{},[66],{"data":67,"marks":68,"value":69,"nodeType":29},{},[],"Many people make the mistake of accumulating savings for too long that they actually don't need. Those who bring equity will receive a mortgage in better conditions. But beyond a down payment of 5%, the marginal benefits are typically modest. Oftentimes, a lot less equity is sufficient for a mortgage than expected. By saving for a long time, you will forgo the increasing property value and pay high rent. ",{"data":71,"content":76,"nodeType":77,"asset":78},{"target":72},{"sys":73},{"id":74,"type":43,"linkType":75},"69ZqBdMSIvI0MN9U33Um5s","Asset",[],"embedded-asset-block",{"fileName":79,"details":80,"url":85},"effect-LTV-on-interest-rates.png",{"size":81,"image":82},54345,{"width":83,"height":84},1268,718,"\u002F\u002Fimages.ctfassets.net\u002Fshj4zexxz7od\u002F69ZqBdMSIvI0MN9U33Um5s\u002Fd4fe4d6ec1de112873bd765aea8db023\u002Feffect-LTV-on-interest-rates.png",{"data":87,"content":88,"nodeType":30},{},[89],{"data":90,"marks":91,"value":92,"nodeType":29},{},[],"As demonstrated by the table above, the more equity you put down, the lower the interest rate. However, beyond 5% the interest rate is less with each step. ",{"data":94,"content":95,"nodeType":30},{},[96,100,109],{"data":97,"marks":98,"value":99,"nodeType":29},{},[],"With ",{"data":101,"content":103,"nodeType":108},{"uri":102},"https:\u002F\u002Fhypofriend.de\u002Fen\u002Fcriteria\u002Fstart",[104],{"data":105,"marks":106,"value":107,"nodeType":29},{},[],"Hypofriend’s affordability calculator,","hyperlink",{"data":110,"marks":111,"value":112,"nodeType":29},{},[]," you find out how much a property you can up to given your available equity. ",{"data":114,"content":115,"nodeType":62},{},[116,122],{"data":117,"marks":118,"value":121,"nodeType":29},{},[119],{"type":120},"bold","2. ",{"data":123,"marks":124,"value":125,"nodeType":29},{},[],"Going for Too Small a Property, Using Instead the Savings for Paying Down the Mortgage",{"data":127,"content":128,"nodeType":30},{},[129],{"data":130,"marks":131,"value":132,"nodeType":29},{},[],"The more savings you have, the more house you can afford. However, it is precisely this simple equation that many real estate buyers do not consider. Instead of using their equity to maximize the house they can afford, they use the money as a down payment on the loan. ",{"data":134,"content":135,"nodeType":30},{},[136],{"data":137,"marks":138,"value":139,"nodeType":29},{},[],"It is generally a smarter strategy to buy more houses when interest rates are this low, but then reduce your risk by fixing the rate for a longer period. In this way, you can benefit from the gradual price increases of a bigger asset and also enjoy more space. ",{"data":141,"content":142,"nodeType":30},{},[143,147,155],{"data":144,"marks":145,"value":146,"nodeType":29},{},[]," Your financial advisor from Hypofriend will show you how much equity makes sense for your ",{"data":148,"content":150,"nodeType":108},{"uri":149},"https:\u002F\u002Fwww.mylifeingermany.com\u002Fmortgage-in-germany\u002F",[151],{"data":152,"marks":153,"value":154,"nodeType":29},{},[],"mortgage",{"data":156,"marks":157,"value":158,"nodeType":29},{},[]," and how your net worth can evolve depending on the size of house you buy\u002Fdown payment you make.",{"data":160,"content":161,"nodeType":30},{},[162,166,174],{"data":163,"marks":164,"value":165,"nodeType":29},{},[],"",{"data":167,"content":169,"nodeType":108},{"uri":168},"https:\u002F\u002Fhypofriend.de\u002Fen\u002Fproperties",[170],{"data":171,"marks":172,"value":173,"nodeType":29},{},[],"Your perfect property? Waiting for you in our Hypofriend property search!",{"data":175,"marks":176,"value":165,"nodeType":29},{},[],{"data":178,"content":179,"nodeType":62},{},[180,184],{"data":181,"marks":182,"value":183,"nodeType":29},{},[],"3. Paying Off the Loan Too Quickly",{"data":185,"marks":186,"value":188,"nodeType":29},{},[187],{"type":120}," ",{"data":190,"content":191,"nodeType":30},{},[192,196,204],{"data":193,"marks":194,"value":195,"nodeType":29},{},[],"Could repaying your loan quickly be a mistake? Yes, because borrowing money has rarely been as cheap as it is today. Instead of putting your savings into ",{"data":197,"content":199,"nodeType":108},{"uri":198},"https:\u002F\u002Fwww.shubhamdipt.com\u002Fmortgage-calculator-blog#home",[200],{"data":201,"marks":202,"value":203,"nodeType":29},{},[],"paying off your mortgage",{"data":205,"marks":206,"value":207,"nodeType":29},{},[]," through special repayments, you can invest it elsewhere. ",{"data":209,"content":210,"nodeType":30},{},[211],{"data":212,"marks":213,"value":214,"nodeType":29},{},[],"The mortgage interest rates are about one percent. There are plenty of investment opportunities returning (risk-adjusted) way more than one percent, and it makes more sense to put the money that way and not invest it in the quick repayment of your loan. ",{"data":216,"content":217,"nodeType":30},{},[218,222,230,233,240],{"data":219,"marks":220,"value":221,"nodeType":29},{},[],"Since banks currently do not pay profitable interest on savings, it is worth ",{"data":223,"content":225,"nodeType":108},{"uri":224},"https:\u002F\u002Fwww.lifeinduesseldorf.com\u002Finvesting-german-real-estate\u002F",[226],{"data":227,"marks":228,"value":229,"nodeType":29},{},[],"investing the money ",{"data":231,"marks":232,"value":165,"nodeType":29},{},[],{"data":234,"content":235,"nodeType":108},{"uri":224},[236],{"data":237,"marks":238,"value":239,"nodeType":29},{},[],"in a second property",{"data":241,"marks":242,"value":243,"nodeType":29},{},[]," or the stock market. Don't worry: Some options can be low cost, modest risk (by spreading the investments very widely and paying a bit of insurance or simply investing for a long time – over long horizons, stocks are less risky as they grow with the economy).",{"data":245,"content":246,"nodeType":30},{},[247,250,260],{"data":248,"marks":249,"value":165,"nodeType":29},{},[],{"data":251,"content":253,"nodeType":108},{"uri":252},"https:\u002F\u002Fhypofriend.de\u002Fen\u002Fsondertilgung-a-popular-but-overrated-option.afb",[254],{"data":255,"marks":256,"value":259,"nodeType":29},{},[257],{"type":258},"underline","Read here why unscheduled repayments are a popular but overrated option",{"data":261,"marks":262,"value":263,"nodeType":29},{},[],".",{"data":265,"content":266,"nodeType":62},{},[267],{"data":268,"marks":269,"value":270,"nodeType":29},{},[],"4. Getting the Wrong Fixed Interest Rate ",{"data":272,"content":273,"nodeType":30},{},[274],{"data":275,"marks":276,"value":277,"nodeType":29},{},[],"The fixed-interest phase gives you planning security. However, it should definitely be adapted to your personal situation. For many real estate buyers, it is either too short or too long, and this costs them a lot of money. ",{"data":279,"content":280,"nodeType":30},{},[281],{"data":282,"marks":283,"value":284,"nodeType":29},{},[],"For example, the security of a long fixed-interest period of 20 years comes with the bank demanding a higher interest rate. But if you plan to live in the property for only ten years and sell it afterward, your loan will cost you more than necessary. ",{"data":286,"content":287,"nodeType":30},{},[288],{"data":289,"marks":290,"value":291,"nodeType":29},{},[],"If, on the other hand, you plan to live in your home for twenty years, you should fix the interest rate for a longer period. Because if it expires after ten years, you will need follow-up financing. Interest rates have been much higher historically, and it could be that you will have to pay considerably more for follow-up financing. ",{"data":293,"content":294,"nodeType":30},{},[295],{"data":296,"marks":297,"value":298,"nodeType":29},{},[],"At Hypofriend, we use advanced interest rate forecasting techniques. We don't have a crystal ball, but these models are better than wild amateur guesses. Importantly, we look at the speed of your repayment and the risks that you can carry given your income outlook and weigh that with the cost of fixing the interest rate longer. We will show you how you can make this assessment.",{"data":300,"content":301,"nodeType":30},{},[302,305,313],{"data":303,"marks":304,"value":165,"nodeType":29},{},[],{"data":306,"content":308,"nodeType":108},{"uri":307},"https:\u002F\u002Fhypofriend.de\u002Fen\u002Fgerman-mortgage-calculator",[309],{"data":310,"marks":311,"value":312,"nodeType":29},{},[],"Use our German mortgage calculator to discover how different fixed interest periods affect your mortgage.",{"data":314,"marks":315,"value":165,"nodeType":29},{},[],{"data":317,"content":318,"nodeType":62},{},[319],{"data":320,"marks":321,"value":322,"nodeType":29},{},[],"5. Not Negotiating the Property Price",{"data":324,"content":325,"nodeType":30},{},[326,330,338],{"data":327,"marks":328,"value":329,"nodeType":29},{},[],"Knowing about the value of a property is key as it gives you confidence while negotiating the price of your dream home. Hypofriend offers a ",{"data":331,"content":333,"nodeType":108},{"uri":332},"https:\u002F\u002Fhypofriend.de\u002Fen\u002Faccount\u002Fproperty-value",[334],{"data":335,"marks":336,"value":337,"nodeType":29},{},[],"free property evaluation tool ",{"data":339,"marks":340,"value":341,"nodeType":29},{},[],"that estimates the value of a building based on a few data points like address, building year or condition of the property. The engine works similar to how most lenders would estimate a property value.",{"data":343,"content":344,"nodeType":62},{},[345],{"data":346,"marks":347,"value":348,"nodeType":29},{},[],"Conclusion",{"data":350,"content":351,"nodeType":30},{},[352],{"data":353,"marks":354,"value":355,"nodeType":29},{},[]," As you have seen, there are some things to consider when choosing a mortgage. You should absolutely avoid these five mistakes in your mortgage. They can cost you up to 50 percent of the purchase price over the lifetime of owning your house. ",{"data":357,"content":358,"nodeType":30},{},[359],{"data":360,"marks":361,"value":362,"nodeType":29},{},[],"Your Hypofriend mortgage advisor will accompany you throughout the entire process and help you optimize your finances for your long-term financial well-being. So you can enjoy your dream home.","document",1,"Wed, 22 Jul 2020 16:18:17 +0000","Mon, 17 Nov 2025 16:35:44 +0000","Avoid These 5 Common Mortgage Mistakes in Germany","Learn the top 5 mortgage mistakes Germans often make and how to avoid them. Save money and maximize your financial potential with Hypofriend’s advice.",null,"https:\u002F\u002Fimages.ctfassets.net\u002Fshj4zexxz7od\u002F41kNxbD7BmxxUxlMQk4VHe\u002F651a3ab881d186588aa5e6e7cfb98855\u002FSEO-fehler-immobilien-800x534.jpg","https:\u002F\u002Fimages.ctfassets.net\u002Fshj4zexxz7od\u002F1P7RyvF3YzODvmqgIKndcT\u002F4ef1a657573f0d36d8ef47bf8f69db24\u002Ffehler-immobilien-1692x918.jpg","https:\u002F\u002Fimages.ctfassets.net\u002Fshj4zexxz7od\u002F7tUrdSblLBGRSvTrxXruIf\u002F3b959d7ef861150c10eff8e91658949c\u002Ffehler-immobilien-523x366.jpg","https:\u002F\u002Fimages.ctfassets.net\u002Fshj4zexxz7od\u002F4eVtLJoEOEsPdtJElL6Qy9\u002Fe4c545ce2f3abb2f1e0e57ef1900fb55\u002Ffehler-immobilien-1692x918.webp","https:\u002F\u002Fimages.ctfassets.net\u002Fshj4zexxz7od\u002F1Mq5ekFNRnemD6J5Ue0OcI\u002F6e4c9c0865e3fd0528a03917f0aed989\u002Ffehler-immobilien-523x366.webp","en","People who own real estate are financially more successful. This is shown in various studies, including that of the German Bundesbank. Homeowners are around ten times as wealthy as tenants. This is highlighted in an analysis of the German Institute for Economic Research (DIW).\n",[378,380,383,386,388,390],{"key":379,"value":61},"#h-1-accumulating-equity-for-too-long",{"key":381,"value":382},"#h-2-going-for-too-small-a-property-using-instead-the-savings-for-paying-down-the-mortgage","2. Going for Too Small a Property, Using Instead the Savings for Paying Down the Mortgage",{"key":384,"value":385},"#h-3-paying-off-the-loan-too-quickly","3. Paying Off the Loan Too Quickly ",{"key":387,"value":270},"#h-4-getting-the-wrong-fixed-interest-rate",{"key":389,"value":322},"#h-5-not-negotiating-the-property-price",{"key":391,"value":348},"#h-conclusion",[393,403,411],{"slug":394,"title":395,"listPicture":396,"listPictureMobile":397,"listPictureWebp":398,"listPictureMobileWebp":399,"preview":400,"category":12,"categoryTitle":401,"categoryCode":402},"financing-certificate-one-step-ahead-buying-property","Financing Certificate: Always one step ahead","https:\u002F\u002Fimages.ctfassets.net\u002Fshj4zexxz7od\u002F4ctwKxlymmUNRiOKAgFzAf\u002F61c1407e17cc12def8bdd38874c558a8\u002Ffinancing-certificate-800x511.jpg","https:\u002F\u002Fimages.ctfassets.net\u002Fshj4zexxz7od\u002F6dQViXzjm6wBNgWh1FuOCv\u002Ff160960e6a1947e55c1d88904c34172e\u002Ffinancing-certificate-380x243.jpg","https:\u002F\u002Fimages.ctfassets.net\u002Fshj4zexxz7od\u002F7rAIx65nr3eACXTXOnUzRr\u002F6dfd4a8a10d3c688cba95769c66b5b1b\u002Ffinancing-certificate-800x511.webp","https:\u002F\u002Fimages.ctfassets.net\u002Fshj4zexxz7od\u002F5NoDrgyhvrata2KBMOHJse\u002F07d8f520a281e417e04c5c05ab028918\u002Ffinancing-certificate-380x243.webp","With a financing certificate, you stand out from other prospective buyers. It serves as a confirmation of your financing potential to brokers.","Mortgage Fundamentals","fb",{"slug":404,"title":405,"listPicture":406,"listPictureMobile":407,"listPictureWebp":408,"listPictureMobileWebp":409,"preview":410,"category":12,"categoryTitle":401,"categoryCode":402},"how-to-find-the-best-mortgage-interest-rates","How to Find the Best Interest Rates on Your Mortgage","https:\u002F\u002Fimages.ctfassets.net\u002Fshj4zexxz7od\u002F61qlPPB7YcT6uGtMuEZxVD\u002F0031d19efd13eccef6c230ae7fbfe6eb\u002Fnews-800x511.jpg","https:\u002F\u002Fimages.ctfassets.net\u002Fshj4zexxz7od\u002F2U5AF4Jzh0sbYHDa3wNoKK\u002F8cf082a20057781fed438467ba5877ed\u002Fnews-380x243.jpg","https:\u002F\u002Fimages.ctfassets.net\u002Fshj4zexxz7od\u002F6bf2ZgIc6NGtMGyDDL8WdE\u002F8e617188029d1d7d7ca56c32e9b45e51\u002Fnews-800x511.webp","https:\u002F\u002Fimages.ctfassets.net\u002Fshj4zexxz7od\u002F1rJVpZ1NLJnsW62W5biSOf\u002Fab4284c09dfa1afc3e3670d4f879c4ee\u002Fnews-380x243.webp","In this article, we show how to secure the best rates and what traps to avoid. Keep in mind that it is also about the best advice, as the wrong mortgage--especially fixation, but also the repayment rate and down payment--can cost you dearly.",{"slug":412,"title":413,"listPicture":414,"listPictureMobile":414,"listPictureWebp":415,"listPictureMobileWebp":415,"preview":416,"category":12,"categoryTitle":401,"categoryCode":402},"german-mortgage-presentation","How to get a mortgage in Germany: key decisions and terms","https:\u002F\u002Fa.hypofriend.de\u002Fn\u002Fhow-to-get-a-mortgage-in-germany-list-image.jpg","https:\u002F\u002Fa.hypofriend.de\u002Fn\u002Fhow-to-get-a-mortgage-in-germany-list-image.webp","This section walks you through the key terminology you need to know when you intend to apply for a mortgage in Germany.",1792707393532]