Construction financing - follow-up financing experiences?

By the way: With the two banks, we arranged it so that we secure the loan for the plot with a land charge on the parents' house. This way, the L-Bank could place the first-ranking land charge on the previously unencumbered building plot for the house loan.

I now hope that we are indeed eligible for Z15 and that there is no 30% surcharge for civil servants.. otherwise, we can probably forget about building. With the normal interest rates, I think it’s too expensive for us.

I am also a civil servant and an employee once explained to me that this was so that the civil servant salary is more comparable to the 75k because of the other social contributions. But perhaps that was a false statement, it could be.

No, I could imagine that too. Otherwise, it would be a preference for civil servants and that wouldn't be logical either. I had this question discussed explicitly with an employee of the hotline of the L-Bank and he said that the 75,000 euros also applies to civil servants. But now I also doubt that and will call again tomorrow. But I am relieved that the gross income we currently have + 30% is still only around 70,000 euros. Hope that works out then. With higher interest rates, I couldn't currently imagine taking out such a large loan with our income.

Hello Karsten, thanks for the idea. What do you mean by "we haven’t really calculated it strictly yet"? In our area, a basement is somehow standard and without a basement maybe bad for a possible resale.. But yes, without photovoltaics, that is a serious consideration! Thanks

Strictly calculated means that I put together the house in the Opel Astra care service version, Red Cross white. And this functional, somewhat plain thing then has a price. And I see from that where it is and where I am and what might still be possible with some flash. Opel Astra means rectangular. Monolithic aerated concrete plastered, Polish white triple-glazed plastic windows and an equally plain front door in standard size 110 rough opening, without basement, gas heating, Harz pan as roof tile, no controlled residential ventilation but regular air, no bay windows, corners, projections, dormers. We don’t save on insulation, plaster quality and such, but only on the appearance. So to stay with the Astra analogy, we leave out alloy wheels and seat heating, not ABS. So, and then you see what is still possible upwards and every time ask yourself and your partner, do we really want this? Is it worth it to us? Or is it just fashion, the neighbors? This is how we have proceeded so far and think it works quite well. From the Polish windows from Szczecin, for example, I am almost positively surprised. Flawless, nicely sturdy and cleanly glued. Karsten

Hello people... now I'm joining in here... I am a broker for financing myself and can only advise the following:
Every bank has a different billing policy... and therefore your invoices NEVER add up..... i.e.:

Let's say 2 banks offer the same interest rate and the same repayment for an amount of €350,000:

e.g. Ing-Diba 1.6% and some savings bank also 1.6% ... Nevertheless, both have different installments...
Ing-Diba e.g. €1237 monthly and the savings bank has a monthly installment of €1317....
How does that come about???... Quite simple:
Both banks ALWAYS calculate with different residual terms and above all other interest rate forecasts.....
Ing-Diba e.g. 37 years and savings bank with 36.1 years
In addition, each bank has different interest rate protection (fees), for age, income, etc.... The list can be long....

So my tip:
Completely leave out L-Bank..... too many handcuffs afterwards and the interest rate for this reason is not justified
whether 0.5% or 2.4% makes no difference.... If you realistically take the difference in interest rates for the next 10 years, you can also go to another NORMAL bank... there you can also get good rates.

e.g... I recently had a customer who signed the best offer of 1.54% effective from the local bank for €375,000 (100% financing)...

I HAVE NEVER HAD THE SAME RESULT WITH ANY 2 CUSTOMERS.... That does not work and is NEVER comparable...

Simply choose a bank that has the best conditions for you and finance everything with this bank for 10 years with KFW124 or possibly KFW153.
And after 8 years go back to the trusted advisor again.....

Everything else is and remains deliberate speculation and brain torture^^

Best regards

The different rate results from different initial repayment with the same interest rate and the same term. Of course, the remaining debt can be different even with the same initial repayment, since assumptions regarding the start of the repayment have to be made.

Otherwise, I find it extremely difficult to follow your line of thought. Or am I just missing something?

That's exactly what I mean....for laypeople it is not comprehensible.... That's why NEVER try to act tough yourself... For example, I am also not a dentist... so I don't fix my own teeth!

Sorry if it comes across wrong.... but it's only meant KINDLY, to protect the NORMAL mortals..