Construction financing loan: What is the best approach?

Hello everyone,

My partner and I have decided to buy a house.

Unfortunately, we have to finance 100%, which is at least very cheap at the moment!!

But what is the best way to proceed so that we can also convince the bank? Do you first look for a suitable property and then go to the bank? Or do you clarify the financing first and then look for something according to the financing plan?! This seems a bit difficult since you have no idea about the purchase price yet.

So how is the best way to approach this??

Hello,

But how do we best proceed now so that we can also convince the bank? Should we first find a suitable property and then go to the bank? Or should we first clarify the financing and then look for something according to the financing plan?

Basically, it doesn't make sense to raise your own expectations if it is not clear whether the wishes are also achievable :)

In any case, first clarify the financing and please not only with your own house bank, but also seek a conversation with an independent financing broker.

Once the total budget is known, it is usually possible to calmly search for a plot of land and a suitable provider, since the limits of your own "wanting" and "being able to" are known ;)

Kind regards

It's a bit older, but certainly just as relevant as it was back then. When it comes to [Baufinanzierung], one should first compare extensively on the internet - in my opinion - and then take the first steps, such as [Bankengespräche].

You quickly realize that there are significant differences between various providers. In any case, you should also get advice from several people. Everyone has their own interests, and this is especially pronounced with the banks. Therefore, always seek multiple opinions.

Regards,
Andi