Banks for 110% financing

Oh, am I tired? You have been talking for 1.5 years, but nothing comes of it, just hot air.

People, don’t take everything literally. Read it in context. Steffen80 said that 15k as equity in construction is not a really significant amount. And yes, he is right.

I would like the 15k

happy to give debt

That one should not think about a 500,000-euro project with only 15,000 euros cash overall is clear, though. Unless one has monthly income in the healthy five-figure range.

Well, we have learned that 110% financing in that scale is easily possible with a moderate four-figure income.

Well, we have learned that a 110% financing at this level is easily feasible with an average mid four-figure income.

At first, I wanted to say that 110% doesn't necessarily mean a 500,000 euro loan. On the other hand, a 500,000 euro loan, 3% interest p.a. with a rate of 2,500 euros/month results in a term of 23 years. It's all fine if the available income is in the mid four-figure range. rolleyes:

It doesn't matter at all if the bank agrees to the financing and the installment can be paid very well monthly. Whether the equity capital is then 5000.- or 200000.-. You just have to accept that the conditions are worse. BTW on the topic of reserve, depending on the lifestyle, 10000.- can be a lot and 200000.- a drop in the bucket. I know someone who earned about 5 million net as a self-employed person in about 25 years (or received, however you want to put it). However, he also liked to spend the money believing it would always go on like that and you only live once... Now he has to sell his house and is happy for every 100.-€ he gets. Therefore, the higher you sit, the deeper you can fall, even without fault!