Convert personal loan to home loan?
hey
I have a mortgage with my bank. I'm currently paying around €900 a month at an interest rate of 3.6%.
I also have a personal loan with the same bank and pay €300 a month at an interest rate of 7% spread over 10 years.
Question: Could I convert the personal loan to my mortgage? And how would that work?
will not go. the one is consumer, the other is Imobilienkredit with appropriate security and basic booking…. I’d be very surprised if that went…
No, that doesn’t make the bank 99%.
I would try if you could lower the rate for the real estate loan and would rather use the money to repay the more expensive loan. But this also only happens when the bank plays along and comes to the individual situation. CAN work, but don’t have to. The best way to get active on the bank.
What about repaying the loan? Does it not pay until interest falls and there are cheap loans?
Yes, only when the interest is falling. I don’t expect you to get a consumer loan cheaper.
I’m not a financial expert.
You should just talk to your home bank if the loans may be bundled.
No, it doesn’t make a bank…