Banks for 110% financing

It doesn’t matter at all if the bank approves the financing and the installment can be paid very well monthly. Whether the equity is then 5000.- or 200000.-. You just have to accept that the conditions are worse. BTW on the subject of reserve, depending on lifestyle 10000.- can be a lot and 200000.- a drop in the ocean. I know someone who earned about 5 million net in about 25 years as a self-employed person (or received, however you want to put it). However, he also gladly spent the money in the belief that 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 harder you can fall, even without fault!

and that's why I also wonder which bank gave a loan of the magnitude he reports here. As far as I have followed, his company is a one-man show that has only been generating such high earnings for a very short time (as he says). A self-employed person without employees immediately generates 0 (zero!) euros if his labor fails. and that can happen from one moment to the next. It is completely incomprehensible to me that a bank goes along with that. Especially since he doesn't seem to be able to find an end. But they criticize others for having too little money – strange attitude!