Construction financing in Berlin

@ Santamaria: I really can't think of anything else you would need to know for your appointment regarding your [Baufinanzierung]. You can be totally relaxed about it. These advisors do this every day and have a lot of experience. For my [Baufinanzierung], my advisor really accompanied the project excellently. Report back on your consultation...

@geislein: I can only understand that all too well. Back then, I also struggled through several forums and websites of [Baufinanzierer] and banks. With so much information, it's not so easy to get an overview.

Hello,

Hello Dieter, do I need to know anything special about Creditweb or construction financing before I meet the advisor there next Wednesday.

You should bring the following documents to a consultation regarding financing:

[*]the last three payslips of the prospective borrowers
[*]evidence of the equity to be used / passbooks – building savings account statements, etc.
[*]identity cards
[*]existing documents related to the property, if already available
[*]documents from the preferred provider, if already available, construction contract, price information, etc.

The following points should be discussed during the meeting:

[*]the options of modern construction financing
[*]interest – repayment options – special repayments and much more
[*]the options related to an existing financing
[*]the total costs of the project
[*]for new construction projects including incidental costs
[*]the timeline
[*]from the preparation of the financing application
[*]throughout the entire disbursement phase (invoices, etc.)
[*]up to the completion of the house

[*]your other questions

The consultation should last at least 2 hours so that your future can be planned seriously!


Kind regards

Hello,


You should bring the following documents to a consultation regarding financing:

[*]the last three payslips of the future borrowers
[*]proof of own capital to be used / savings books – building savings account statements, etc.
[*]identity cards
[*]existing documents related to the property, if already available
[*]documents from the preferred provider, if already available, construction contract, price information, etc.

The following points should be discussed during the meeting:

[*]the possibilities of modern construction financing
[*]interest – repayment options – special repayments and much more
[*]the possibilities related to an existing financing
[*]the total costs of the project
[*]including incidental costs for new construction projects
[*]the timeline
[*]from the preparation of the financing application
[*]throughout the entire disbursement phase (invoices, etc.)
[*]up to the completion of the house

[*]your other questions

The consultation should last at least 2 hours so that your future can be planned seriously!


Kind regards

Hello Bauexperte, wow – that is really a good checklist for a financing consultation for "greenhorns" like us. ;) I’m not quite there yet. A financing consultation is not scheduled yet. I’m still busy researching trustworthy financing offers. I’m reading up on comparison portals for online loans, etc. But hopefully I’ll get there soon and then this list will surely help me a lot. Thanks! @Santamaria: I’m very interested in how your consultation went.

rike

Hello rike,

Hello construction expert, wow - this is really a good checklist for a financing discussion for "newbies" like us. ;)

We work exclusively with partners who understand their job just as we do. This "checklist" comes from the standard letter of our long-standing - independent - financier.

I am happy to pass on your praise; Stefan will be pleased :D

Kind regards

Hello construction expert,

thank you very, very much for your checklist. I was able to print it out before the conversation. The advisor was very surprised that I already had all the necessary documents ready on the one hand and on the other hand was so well prepared. The conversation lasted almost 3 hours. Since I am still a "greenhorn" when it comes to construction financing, your guide helped me a lot. Thank you for that

@ geislein: I have to say that this advisor seemed very patient and competent. I am glad that I contacted this construction financing broker. In any case, we then discussed 3 different repayment plans, considering my financial situation. You really should deal with this topic in advance. Just like you just did. There were already one or two situations where I didn't understand the advisor. So I had to ask again and again. But as I said, the advisor was very patient and really answered every question confidently and understandably. I should receive an offer by tomorrow afternoon or early next week. I think I will go for it. But I will definitely have my acquaintance who is a lawyer review the contract.

When does the fun with construction financing start for you?

Hello Santamaria,
wow 3 hours! That is really long. But it also shows that the advisor really took their time. 3 different repayment plans?? Ohh I’m getting scared... Looks like a lot is coming my/our way. But of course the financial situation is the foundation for a reasonable financing. Because I always tell myself: You still want to keep living - not just work for the house or the respective property. So everything has to be carefully considered.
But nice to read positive experiences regarding financing talks/advisory talks right at the beginning of my research. :)

Nothing serious will happen for us before the beginning of next year. We have a plot of land in mind. But we still need to clarify property rights. That’s probably not so easy.
But I just want to be prepared. Exactly because I am an absolute novice when it comes to construction financing or financing models in general.

Have a nice weekend,
rike