selfbauherr
2011-02-09 15:19:21
- #1
Hello everyone,
I am uncertain about building a house. In the future, my wife and I want to build our own house. Unfortunately, I am a bit unsure whether we have any chance of getting a loan at all.
Starting point: I - self-employed since 2007 She - permanent employment since 2009 with about 1300 net
About my income: In the first years, I unfortunately did not earn much (starting a business is not easy). Meanwhile (last 4 months) I have made a breakthrough and earn about 2500 euros net per month. I have read on the internet that self-employed people have difficulty getting a loan and that a BWA from the last 3 years must be submitted. How is that best done? In the last 3 years, there has always been a slight increase in income but I had not earned more than 1000 euros net/month before.
We have 20,000 euros of equity available immediately for a loan. Do we need more equity? Should one have 1/4 of the purchase price/loan amount?
About the house: We want to build a duplex together with my parents. Both parents are employed and have already built a house for which they still have about 60,000 euros remaining on the loan. Could that be an advantage? We could move in immediately with my parents and would hardly have any costs during the construction period, so we could save well again.
How would you proceed?
I am uncertain about building a house. In the future, my wife and I want to build our own house. Unfortunately, I am a bit unsure whether we have any chance of getting a loan at all.
Starting point: I - self-employed since 2007 She - permanent employment since 2009 with about 1300 net
About my income: In the first years, I unfortunately did not earn much (starting a business is not easy). Meanwhile (last 4 months) I have made a breakthrough and earn about 2500 euros net per month. I have read on the internet that self-employed people have difficulty getting a loan and that a BWA from the last 3 years must be submitted. How is that best done? In the last 3 years, there has always been a slight increase in income but I had not earned more than 1000 euros net/month before.
We have 20,000 euros of equity available immediately for a loan. Do we need more equity? Should one have 1/4 of the purchase price/loan amount?
About the house: We want to build a duplex together with my parents. Both parents are employed and have already built a house for which they still have about 60,000 euros remaining on the loan. Could that be an advantage? We could move in immediately with my parents and would hardly have any costs during the construction period, so we could save well again.
How would you proceed?