Debt real estate loan – how does it work?

Debting a real estate loan works like this: First of all, it is important to find out when the current fixed interest rate ends, because this is the date on which you can debit. The written notice of termination must go to the bank no later than three months before expiry. At the same time, you inform the new bank of the exact change date and conclude a new contract. At this date, the old real estate loan is automatically replaced by the sum of the new real estate loan.