Building savings contract and Wohnriester - Where is the catch here?

I don’t have children yet and have to contribute properly for the 154€ subsidy. Of course, there are situations where it makes sense. For me, it definitely was not the case.

The fact that one used to pay off early is theoretically clear. Practically, I am not so sure about many, as most do not increase the installment because of it or not to the full extent. Additionally, of course, you can then set aside the rest afterward, but how many years is that still? Furthermore, with a 754€ subsidy, there will also be a considerable amount of back taxation, so in my opinion, not much will be left over.

But you have to clearly see this in the respective context, and it also depends on one’s own discipline (just like special repayments, etc.).

Based on your answers, I increasingly get the impression that the broker I visited was indeed rather unprofessional or gave incomplete advice. Not surprising, if something sounds too good to be true, it usually is. Well, other agents also have lovely daughters. I thank you once again for the help

To take up my example:

Personal contribution after 35 years: 8,400 euros
Allowances 13,600 euros
Total: 22,000 euros

Housing promotion account: 12,000 euros
Of which 70% = 8,400 euros

Let’s assume 30% taxes... that makes a one-time tax of 2,500 euros. The remaining 19,500 euros flow into repayment (with 8,400 euros personal contribution)

Not so bad now.

No guarantee for the accuracy of the calculation and the basic ideas.

Forget what I wrote and calculated. All rubbish.

Based on your answers, I am increasingly getting the impression that the agent I visited was actually rather unscrupulous or provided incomplete advice.

Not surprising, if something sounds too good to be true, it usually is.

Well, other agents also have beautiful daughters

Thanks again for your help

What are the other agents supposed to do differently? The others will follow the same line, no more and no less... maybe they leave out the Wohnriester but the actual problem remains... namely that it’s about commission and sales.

If you want to finance an apartment, choose the product that you understand 100% down to the fine print and where you have a good feeling. Maximum interest rate security at minimum interest rates does not exist.

So far you have done everything right