Beginnings of a possible property | Questions about the building savings contract

But from your statements it follows that if I want to buy real estate in 2-5 years, I should not do it now except accumulating equity?

That's how I see it, right!

And then take out a "possibly" cheap loan?

Yes, but you would have to take out that loan with a home savings contract just as well and just hope that the interest rate is favorable.

Again: With the current home savings contract offer, the interest rate is only fixed for the ~58k € home loan in 7 years.

I am willing to take a different strategy, but which one?!

Without knowing the time frame and the amount to be built/bought, you really can’t develop a strategy. So just save ... .

I see it the same way as . Since you yourself do not make any assumptions, you cannot develop a strategy. The simplest thing is therefore to save up your equity and then find the optimal financing at the time of purchase. I think this building savings contract will cause you more problems later than the interest advantage it brings for the 58,000€.

thank you for the opinions, those are views that actually help me. After my further research here in the forum, the [Bausparvertrag] is also partially viewed critically (so it doesn't have many friends) Regards

thanks for the opinions, these are views that actually help me.

After my further research here in the forum, the building savings contract is also seen somewhat critically (so it doesn’t have many fans)
Regards

You yourself have now said several times that you want security, right?

Security has absolutely nothing to do with whether it is cheaper or more expensive at the start of construction than today, but exclusively that you already know the interest rate today. And that leads to the actual core of security, namely to keep the installment always the same, or to know when which installment has to be paid, so that you don’t suddenly have a higher burden.

And that works very well with a building savings account. On the one hand for the loan (60%), on the other hand also in the saving phase, because with it you can significantly shorten the first fixed interest period. For example, you only need 7 years until the building savings contract matures, so you can choose a fixed interest period of 7 years for which the interest rate is significantly lower than for the 10 or 15 year period.

To make the monthly burden lower, look for a building savings contract with 30% minimum savings and 4 per mille repayment rate. With the remaining available installment you can repay the remaining loans (KfW and bank) faster and thus also increase security again, because the less residual debt in the uncertain components, the better.

And yes, absolutely correct, this is not the cheapest model. Far from it. But if you want security, then this can help you.

To reduce the monthly burden, find a building savings contract with a 30% minimum savings rate and a 4 per mille repayment rate. With the remaining available installment, you can repay the other loans (KfW and bank) faster and thus also increase the security again, because the less outstanding debt in the uncertain components, the better. .

Just find a building saver that, in your opinion, offers acceptable conditions if you are so convinced of it. I hardly believe that you will find one. On the one hand, these variants of low savings and low repayment rates are rare. On the other hand, these two points drive the loan interest rate up, so that this building saver appears completely unattractive at around 3.5% under today's conditions. Whether it is really unattractive will only become clear in a few years. But we are only talking about a time horizon of 2-3 years until the purchase.

What you advise actually contradicts the system of the building societies. You cannot save little money for a relatively short time and repay a lot of money over long loan terms. This can only be compensated by a higher loan interest rate, because otherwise all building savers would do this and the building societies would face both liquidity and margin problems within a very short time.

There are tariffs from SchwäbischHall and the Landesbausparkassen with a required savings rate of 30% and a loan interest rate of 2.35-2.5% at a 4 per mille repayment rate.

This does not contradict the building savings principle, as they refinance themselves from the money of those who (still) do not take out a loan. The collective.

Why are you fixated on Signal Iduna ?