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To: TobagoJack who wrote (10093)	9/22/2001 11:47:50 PM
From: smolejv@gmx.net	Read Replies (1) \| Respond to of 74559

re retail/homeowners' mortgages in Germany, they are fixed-rate, 5 or 10 years, 1% per year repayment of the capital per year. You can squeeze in a once-a-year cash repayment (up to x%) without penalties, but thats about it. And because one does not have much practice, they know very well in which corner to put you for the next period. They want your cash flow, man, and they want it bad (g). I'll have cca 300 kDM for renewal for Xmas 2003 - it's a very practical exercise in home economics, dont you think so;? I have a bunch of smaller mortgages (rental flats) one of which I will liquidate first thing comes 2002.