Optimale Darlehensbündel in der privaten Immobilienfinanzierung bei steigender Zinsstrukturkurve

Abstract

This contribution analyzes an optimization potential in the private real estate financing, which is not covered in both the scientific and practical literature, but which is well known to practically orientated scientists. First, it is shown that for a rising yield curve a bundle of annuity loans with different fixed interest periods is optimal. Second, the optimal bundle is characterized. Third, it is shown that the added value of the optimal bundle is on average over the last 15 years about 1%.