With the savings mortgage, you do not repay anything during the term. You do pay a monthly premium for a savings insurance policy that pays out exactly the repayment of your mortgage at the end of the term. This means that you pay the maximum interest for the entire term and can therefore deduct it in its entirety for the tax authorities. Since the final capital must be equal to the amount to be repaid, if the interest rate decreases or increases, the premium will increase or decrease respectively. The payment from the savings insurance is tax-free under certain conditions.
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