110% financing in one or two loans?

Thanks ! Even a layman like me understands that directly. Then we have to have the calculation done again.

And you are right, there are two, the 2.6% is a mixed interest rate. The cheaper one is 1.5%, KfW.

The KFW offers neither a special repayment nor a fixed interest rate for 25 years.

Hm... I wouldn't hesitate and accept immediately. These are currently the conditions for 100% financing.

Either they misunderstood you, you misunderstood Interhyp, or who knows.

Let me know how it turned out. I'm curious.

I will definitely do that. Next week our advisor is coming by in person. This was just a preliminary offer by email and he said on the phone that the interest rates should be even better, but we will go through everything thoroughly in person.

He then comes around with some [Bausparer]. Bet... :-p

The KfW offers neither a special repayment nor an interest rate lock-in period of 25 years.

We also noticed that with a frown. After 10 years, the interest rate lock-in would expire there. Actually, we didn’t even want a KfW loan. I once read that it’s usually not as good as it seems at first glance. We will go through this in detail with our advisor next week.

Then he comes around with a building society savings contract. Bet...

That really shouldn’t be the case. He was already with us once and we discarded this option together right away.

However, I know someone who has now decided on a bank loan with 2.04% over 15 years while simultaneously saving into a building society savings contract, over which the further financing is supposed to take place at 1.90%. That might work for some. I’m not exactly familiar enough to judge that.

Try to determine as accurately as possible what the kitchen, paint, floors, etc. will cost you for the renovation. Then you can talk to the agent about a concrete figure.