Construction financing for a single-family house with a granny flat

  • Erstellt am 2017-03-31 22:58:41
T

toxicmolotof

2017-04-03 23:58:28
  • #1
Here are some forum participants who believe that it is better not to build with less than 5,000 euros net. Sometimes rightly, sometimes wrongly. ;-)

For some people, it should even be forbidden with 10,000 euros, others manage even with 2,500 euros net.

As so often a matter of opinion, but we have had this discussion here several times before.
 
S

Steffen80

2017-04-04 08:40:29
  • #2


Please consider the context! This is about a high! real estate financing! Missed that? Then the income is far from low. If he had asked whether he could finance a car (besides €500 rent)... the income would be more than sufficient ;)

However, I consider €3200 family income to be too low for almost all real estate financings. It feels like the forum’s lower limit is around €3800... the average is significantly higher...

Regards, Steffen
 
C

Caspar2020

2017-04-04 08:50:12
  • #3


3200 + 2 child benefits + 500 gross rental income in relation to a €495,000 loan volume with a monthly burden of 1728 + additional costs for the house and maintenance reserve, without really paying off anything and without insurance, is simply low.

A cheaper property than the €585,000 he wants to pay is possible. Why not? No one else here has claimed otherwise.
 
S

Steffen80

2017-04-04 08:55:17
  • #4


Whereas "2 child benefits + 500 gross rental income" have no place in the calculation :)
 
C

Caspar2020

2017-04-04 09:39:05
  • #5
At the bank in the life phase model, yes. At least the child benefit [Kindergeld] at 100%. After all, the living expenses per person are then deducted from the income side.
 
S

Steffen80

2017-04-04 10:30:04
  • #6
Therefore, one should also NOT rely on the assessment of the banks. According to the bank, we could have financed 3 million as well.
 

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