Book on Real Estate Financing

Hello, can someone of you recommend a good and current guide (advisor) regarding the financing of real estate? I am considering a home financing and would first like to inform myself extensively or read up on it.

This is not as confusing as it initially seems. I don’t see a need for a book, but rather for a calculator or tools for credit calculations. The following is based on my approach – please report any additions/corrections: Before you deal with details, you should determine two of the following three things: monthly rate, length of the financing, total costs. The third will then result from the offers. If, for example, a provider comes up with a shorter term given a fixed monthly rate and total costs, the offer is better. The above applies to a full repayment loan – if you want to save money through lower interest rates with shorter terms, it becomes more difficult because you have to make a risk assessment for yourself over the break-even point regarding the interest rate. With the current interest rates, I would recommend a classic long-term loan, because after ten years (+6 months) you always come out clean, while the bank is tied to the agreed term. With, for example, building savings combination stuff, that would be associated with losses. Then there are also considerations of special repayments, commitment interest, etc. Take advice from your house bank and local competitors and then definitely have offers from major brokers like Interhyp or Dr. Klein calculated – only the latter caused movement at my house bank, where I eventually signed.

I had received a book from WIESO on the topic as a gift and found it quite insightful. Especially regarding different financing models. But it is certainly not absolutely necessary; you can also read up on it or get advice otherwise.

Take a look at the book from Finanztest, ISBN 978-3868513554. Otherwise, your local library surely has quite a few, where you can browse intensively.

Hello,
can anyone of you recommend a good and current guide (advisor) regarding the financing of real estate? I am considering home financing and would first like to extensively inform myself and read about it.

-----------

Hello,

I have removed the link, please observe the forum rules. Thank you!

Rhenish greetings
Building expert

Rule of thumb: Do not spend more than 1/3 of your income on financing (repayment and interest). In concrete numbers, you need about 1000 euros for yourself and about 700 euros for each additional adult person and 500 euros per child per month after the financing rate. (Very roughly estimated)

If you want to know more, I have a book lying around here that has hardly been bent. I would sell it to you with a decent discount via PM.

Best regards

Hello Merlin,

following your general consideration, a family of three consisting of father, mother, and child would first need to have an income of 2200 euros for themselves. Then let's say 500 euros cold rent and 300 euros additional costs, which makes a net monthly income of 3000 euros.

Please show me how realistic that is.