Rescheduling can be a good way to save money in the long term. If you switch providers, you may get better terms than you did with your original loan. This may include lower interest rates and other favourable terms.

With a debt restructuring, you can take out a new property loan with favourable interest rates. The loan agreement is drawn up after an offer has been selected and may require documentation on the property value and your own financial situation. At the same time, the loan with the old bank is cancelled and a confirmation of cancellation is requested. The banks then clarify everything between themselves and a redemption date is agreed once the redemption amount is known.

However, debt rescheduling also has some disadvantages. As a rule, a new credit check of the loan applicant is required. This means that a lender will check your credit history to determine whether you are a good credit risk. In some cases, this can lead to a rejection.

In any case, it is advisable to seek advice from an independent financial advisor who can help you navigate the various options and make the best decision.

Our Magdeburg-based company specialises in financing services for employees and the self-employed and provides support with expertise and many years of experience in private and commercial financing. Whether for home ownership, debt rescheduling or major purchases, our team ensures care and precision when it comes to large sums of money.

So if you are looking for the best financing advice and the most favourable financing strategy for your property purchase or debt restructuring, you have come to the right place.

We advise you on construction financing and loans in the Magdeburg, Saxony-Anhalt, Berlin, Brandenburg, Saxony and Lower Saxony regions.