JoS
2011-06-01 20:54:50
- #1
Hello,
we have found our dream house. Costs are 230,000 euros.
We want to borrow 80,000 euros (the rest is equity).
Our combined income is about 5000 euros per month.
Plan
10 years
5% repayment + option for special repayments
About three weeks ago we filled out the application with our advisor
Interest rate 4.05%
(So far we have not heard anything further)
By chance, we saw on the institute's website that the interest rate has been reduced to 3.85%.
Does this interest rate (3.85%) also apply to us??
And how long does it take to get a decision from the bank???
Hope you have answers
Dante
Congratulations on your equity and income.
Great loan-to-value ratio, good income – so why then 4.05%?
That was and is a bit high for the moment.
I believe 3.5 fixed for 10 years sounds better :D
Regarding your question: You have presumably signed a loan inquiry, this is checked by the bank, if everything is okay (and it should be with the values mentioned) then the loan contract will come, which MUST THEN be signed by you.
Meaning you actually have not signed any contract yet.
:cool:
Best regards
JoS
Advice – but fair!