We discuss the outcomes and logic of the recommendations with you. This is how we can understand exactly what offers are available and what conditions they have.Ĭombining this lender know-how with given information (like your salary) and projected information (like your salary outlook), we evaluate a range of scenarios and outcomes to see how you will fare under different conditions. We then model and estimate their hidden conditions. To optimize the recommendation engine, we review daily the mortgage products and conditions of over 750 lenders.
Our engine combines modern finance theory with practical insights from our team of mortgage brokers. Chris Mulder, if you will) when he worked at the IMF and World Bank to develop models used to guide countries to manage their debt. The recommendation engine was built based on experience gained by our co-founder Chris (Dr. We will begin by asking you several key questions, which will help us determine which mortgage products could work best for you. To find you the optimal mortgage, we will use our unique Hypofriend Recommendation Engine. Particularly long fixed interest rates (over 15 years) are usually higher. The interest rate is fixed for a specific term. The monthly repayment rate results from the loan amount, the annual interest rate, and the annual repayment rate. These include the real estate commission, transfer tax, and notary fees. Important: The loan amount is not the same as the total purchase price because it does not take into account additional purchasing costs. To calculate your mortgage, we need some basic information such as the price of the property, the location of the property, the amount of savings you have, the monthly payment you want to make, and information about the real estate commission.Īfter entering this information into our German Mortgage Calculator, we calculate the estimated loan amount, interest rate, and loan balance at the end of the various fixed interest periods, as well as the date we expect the loan to be fully repaid. Our German mortgage calculator helps you calculate your mortgage options for your German dream home.
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