Sondertilgung: A popular but overrated option
Who doesn't like the idea of repaying extra on their mortgage? That is what “Sondertilgung” is. But is it a good idea?
Written by Dr. Christian Mulder
Published on May 25, 2021
Who doesn't like the idea of repaying extra on their mortgage to avoid penalties? That is what “Sondertilgung” is, and virtually every mortgage borrower wants it. It is a great sales argument for advisors: If you were to use your extra payments/savings/bonuses, you could be done with your mortgage by year "X".
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