Banks for 110% financing

1x annuity loan at DSL Bank

How long is the fixed interest period here?

We wouldn't even think of being so cheeky as to ask for more!

But you don't have to get it for free; often money is invested with low returns. You can speak of a win-win situation if you can borrow part of it, but that leads to the loan-to-value ratio being further reduced.

Repayment on loan 1 at 2%

that smells like a considerable chunk of residual debt after the end of the fixed interest period. Have you discussed this aspect with your advisor?

Fixed interest period at the DSL Bank also 20 years. After 20 years, the KFW Bank is no longer involved (at the latest), after which the free amount is used in addition to the DSL repayment. And then after 28/29 years (without any special repayments), the loan is completely paid off! We calculated everything yesterday... It is cheaper than increasing the repayment at the DSL Bank from the start and not fully repaying the KfW loan during that time...

You don't have to get it for free either; often money is invested with low returns. You can call it a win-win situation if you can still borrow part of it, but that leads to the loan-to-value ratio being lowered further.

I also thought for a long time about whether I should offer this to my parents.
But I decided against it. Although I am very security-conscious, something can always go wrong. Then it's not only your own money that's lost, but also your parents', which was actually meant to serve as their retirement provision.

Why are you repaying the cheaper loan faster than the more expensive one? 2% repayment on the main loan would also be much too low for me...

The high repayment results from the KFW program, for example by agreeing on repayment-free starting years there (1 year is always included) and the loan term is predetermined. You could also agree on a 30-year term, which would, of course, lower the repayment. However, the conditions would worsen as a result, and after 20 years a residual debt remains. The latter is not dramatic if the main loan ends at the same time anyway and refinancing is necessary.

I would also consider arranging a private loan with the father-in-law to improve the bank conditions. 20-30K€ would already be sufficient.

No, it stays as it is now... They want to renovate the bathroom themselves this year and buy a new kitchen...

My two cents on this: Sorry.. but 15000 is NOT equity. That’s simply nothing.. ! OFFTOPIC: That’s just something you have lying around as a monthly reserve for a broken car etc. Those who don’t have that... should not build a house

Cheers, Steffen (who has 120k as a reserve) <-- being provocative again today