IDEAS home Printed from
   My bibliography  Save this article

Optimale Darlehensbündel in der privaten Immobilienfinanzierung bei steigender Zinsstrukturkurve


  • Frank Schuhmacher

    (Universität Leipzig, Institut für Unternehmensrechnung, Finanzierung und Besteuerung, Grimmaische Straße 12, D-04109 Leipzig)


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%.

Suggested Citation

  • Frank Schuhmacher, 2012. "Optimale Darlehensbündel in der privaten Immobilienfinanzierung bei steigender Zinsstrukturkurve," Credit and Capital Markets, Credit and Capital Markets, vol. 45(2), pages 219-242.
  • Handle: RePEc:kuk:journl:v:45:y:2012:i:2:p:219-242

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kuk:journl:v:45:y:2012:i:2:p:219-242. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Credit and Capital Markets). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.