Construction financing conditions expectations single-family house solid

Just walk into 2 brokers and your main bank and get a rate offer.

At this low interest rate level, I recommend choosing a long fixed term. You seem very creditworthy, so you could also consider 10 years if you can manage special repayments.

No one will tell you the breakeven point. Sometimes brokers offer good conditions because a bank XYZ is exactly looking for your customer (risk) profile.

He has not yet revealed how much the property is worth.

Approx. 100,000 estimated

That makes 25 years with =2.5% interest or slightly less quite realistic.

For 15 years it would be ~1.8/1.9

Exactly the point is financing twice at 1.8/9 is cheaper than once at 2.5..
The second time can be 2% higher but lower at most 1%

I will get comprehensive advice from various banks

Why actually without a building savings contract?
More than very bad conditions..

It was dissolved.. And fixed for 5 years now in the 4th

And what energy standard should/will the house have? Energy Saving Ordinance or KFW 55/40/40plus?[/QUOTE]

Does not have to have one at KfW I think it can be dispensed with.. Investment costs are higher than the benefit.. Modern oil heating combined with solar is more than enough..+ wood stove on the ground floor

Thank you

Modern oil heating in combination with solar definitely works..+wood stove on the ground floor

*rofl*

He hasn't revealed yet how much the property is worth.

Estimated around 100,000

That makes 25 years at =2.5% interest or slightly less quite realistic.

At 15 years it would be ~1.8/1.9

Exactly the point is that financing twice at 1.8/9 is cheaper than once at 2.5..
The second time can be 2% higher but at most 1% lower

I will get comprehensive advice from different banks

Why actually without a building savings contract?
More than very bad conditions..

It was dissolved.. And fixed for 5 years now in the 4th

And what energy standard should/will the house have? Energy Saving Ordinance or KfW 55/40/40plus?

Doesn't have to have one on KfW I think it can be dispensed with.. Investment costs are higher than the benefit.. Modern oil heating combined with solar will definitely do..+ wood stove on the ground floor

Thanks[/QUOTE]

No offense, but I can hardly read your post...
Complete sentences would help, then one can overlook missing punctuation or similar :)

Oil is the future in the electric madness... Only nobody gets that... A new modern oil heating system is installed for 6000€ and it's also the cleanest! And in 15-20 years everything will be outdated anyway and whether all those heat exchangers will still be rattling in front yards is very questionable... Oil will be available at a bargain price

Yes sorry I don't have the time to type everything neatly on the phone sorry

I think it can be closed...

Thank you very much for the quick responses, I will comprehensively obtain offers from banks.