4 ms·
Are adjustable-rate mortgages common in Germany?
by ibejoeb 3y ago
Are adjustable-rate mortgages common in Germany?
- runsWphotons 3y agoThey are normal basically everywhere but USA I think.
- malka 3y agoI have never seen one in France. Not for mortgage.
- nkozyra 3y agoThey were normal for a long time in the US, took a backseat from 2009-2014 or so and are back again. I'm really shocked whenever I hear someone has an ARM again. 2008 wasn't that long ago!
- Clubber 3y ago2000 wasn't that long ago either, but I still see people using 2 digit years.
- c00lio 3y agoIn Germany it is common to have a fixed rate for 10 years or so. Sometimes you get only 5 years fixed, sometimes 15. After that, you either accept the new rate on the existing contract, or refinance somewhere else (if cheaper with the new rate and fees). There are mortgages with yearly adjustments, but those are rare afaik.