Who wants to save money, should some important points note Berlin 08.03.2011 – debt restructuring aimed at saving on interest rates, the creation of more financial freedom and if possible of course, simplification (summary of various loans). What matters with mortgage lending after the interest-binding phase when most borrowers to the duty (as a so-called follow-on financing), can belong to the Freestyle also on existing loans. Especially in times of low interest rates (as currently) can a debt pay off. The problem for most borrowers, however, is not the previous distribution of loans to various funding donors, but the entire height of the debt. Compare credit conditions on the market, to get an overview straight currently there is still a comparatively cheap interest rates on the capital market. This level of interest is the starting point for the interest of loans requested by financial institutions. In the near future, but further interest rate hikes by the central banks are to be expected, what is then directly on the amount of Interest rates will have an impact. Therefore a comparison and possibly a restructuring of existing liabilities can be now rewarding. Depending on, how long the existing loans or mortgages already exist, interest rates comparison can have today considerably higher. Has the debtor gained a market overview, he must inform yourself however scrupulously the contracts. Some rescheduling resulted afterwards in a higher overall charge, although apparently a more favourable interest rate for the new contract was agreed. Debt restructuring may advantages but also disadvantages to bring many financial institutions offer a seemingly simple solution for debt restructuring. E.g. the conclusion of a new contract with a longer term is very common to replace old loans. The regular (E.g. monthly) rate for the borrower is lower, but usually only the Bank an advantage, because the new Treaty to a higher total than the old ones together. The amount of the debt is thus too. In addition, processing fees, etc. may apply. Not all old contracts can be easily replaced or transferred, why accurate studies and/or advising on the Bank or an expert is necessary. Tip: During a consultation in the Bank the consultants according to the law must indicate clearly the potential drawbacks, because the Bank is otherwise damages. Worth refinancing can on the other hand, if after taking into account all emerging costs the interest burden as a whole and if necessary also monthly significantly lower. When choosing a follow-on financing for construction financing, you should seek in good time before the end of the interest-binding phase after the possibility of a rollover. Typically are here to recommend that you keep sufficient time for an extensive comparison 2 to 3 months. In certain cases, even a so-called forward loan can be rewarding, where the current level of interest rates up to 5 years in advance “can be secured”. Also rates loans can – depending on the conditions – if necessary combined and overall cheaper wiped. Bottom line is a refinancing of existing loans or construction loans is by far not as easy as like represented by various credit institutions. After giving an overview of the market must be different variants tested and recognised the potential costs or charges. Financial and administrative advantages can arise only through accurate information and testing. Also the finance Advisor of banks and savings banks are recommended for further information in addition to the Internet.