Ralf_1980
2019-05-09 19:54:58
- #1
Hello,
I am happy to provide a few more details:
My monthly income: 4,000 euros net
My wife's monthly income: 500 euros net
Child benefit 200 euros / month
My income of 4K / month is income from employment under tax class 4, which means I receive several thousand euros tax refund every year. Since I have no loans or similar to repay, and I am not really dependent on the money, there has been no need for me to switch to class 3 so far. I am very conservative and my money is in a daily allowance account, and there are no interest anyway. If we were to repay a loan in the future, I would certainly switch. My wife earns so little because she is getting her PhD and takes care of our son. In a few years she will certainly work full-time again and earn more.
In cash we have about 115K, and two building savings contracts where about 10K is saved, and they have been running for over 7 years. We have no debts or obligations. We have 2 cars (7 and 1 year old), and both are paid off.
We are getting the property as a gift, but we have to demolish an old building, which will cost about 35K. 235 sqm, in Koblenz, directly on the Rhine.
We have 1 child and the family planning is complete. My wife and I are both 39, our son soon.
We would like to build a solid house, which should cost us about 320K. There are also 80K construction incidental costs. The house should have about 160 sqm. Gala work, interior painting, and interior fittings are not yet included here.
I estimate we want to borrow 350K in total from the bank. No idea if we will get this.
Now about 300 euros per month (after taxes) come from the mentioned freelance activity. Should we include this or not?
Also, do you think the bank will give us the loan? Will further information be needed?
Regards
Ralf
I am happy to provide a few more details:
My monthly income: 4,000 euros net
My wife's monthly income: 500 euros net
Child benefit 200 euros / month
My income of 4K / month is income from employment under tax class 4, which means I receive several thousand euros tax refund every year. Since I have no loans or similar to repay, and I am not really dependent on the money, there has been no need for me to switch to class 3 so far. I am very conservative and my money is in a daily allowance account, and there are no interest anyway. If we were to repay a loan in the future, I would certainly switch. My wife earns so little because she is getting her PhD and takes care of our son. In a few years she will certainly work full-time again and earn more.
In cash we have about 115K, and two building savings contracts where about 10K is saved, and they have been running for over 7 years. We have no debts or obligations. We have 2 cars (7 and 1 year old), and both are paid off.
We are getting the property as a gift, but we have to demolish an old building, which will cost about 35K. 235 sqm, in Koblenz, directly on the Rhine.
We have 1 child and the family planning is complete. My wife and I are both 39, our son soon.
We would like to build a solid house, which should cost us about 320K. There are also 80K construction incidental costs. The house should have about 160 sqm. Gala work, interior painting, and interior fittings are not yet included here.
I estimate we want to borrow 350K in total from the bank. No idea if we will get this.
Now about 300 euros per month (after taxes) come from the mentioned freelance activity. Should we include this or not?
Also, do you think the bank will give us the loan? Will further information be needed?
Regards
Ralf