Rocket Mortgage to trim 8% of workforce as home-loan market shrinks

Re:Rocket Mortgage to trim 8% of workforce as home-loan mark... by PinguTS on Thursday April 28, 2022 @04:23AM (#31190034)

What is your reference of Europe?

In Germany, 15 years, 20 years, and up to 30 years is common. I took 20 years.

A close friend of mine working at a bank has an internal benefit, that the 10 year fixed rate applies for her as a fixed rate for however it takes to pay-off.

[ Parent | on HN ]

Re:Rocket Mortgage to trim 8% of workforce as home-loan mark... by egeozcan on Thursday April 28, 2022 @04:35AM (#31190100)

I'm also in Germany, which bank is that? I didn't find any fixed-rate offer for a 450K flat.

[ Parent | on HN ]

Re:Rocket Mortgage to trim 8% of workforce as home-loan mark... by PinguTS on Thursday April 28, 2022 @07:43AM (#31191353)

I was in negotiations with HVB and Commerzbank. I choose Commerzbank, which had a slightly higher interest rate but way much better communication with me. I was communicating with the guy in charge of the wealth management, this may also helped a lot. ;)

Loans lower 400k are easier to issue, I learned in the process. Because >400k has much more requirements for the bank on collateral required by the regulation authorities.

[ Parent | on HN ]

Re:Rocket Mortgage to trim 8% of workforce as home-loan mark... by the_mitsuhiko on Thursday April 28, 2022 @05:35AM (#31190467)

I'm not in Germany but an acquaintance has a 20 year fixed rate mortgage in Germany from one of the Sparkassen (Flat in Berlin).

[ Parent | on HN ]