this post was submitted on 30 Jun 2023
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Moving to: m/AskMbin!

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[–] Mateng@kbin.social 0 points 1 year ago

No, what I meant was a fixed interest rate over 10 years (German: Zinsbindung). The loan is over ~30 years.

After 10 years, we can decide if we change the lender or stay with them. The lender can decide on a new interest rate.