gostar22
2013-01-03 19:51:42
- #1
Hello everyone,
we want to finance a house and unfortunately have not saved any equity.
The total requirement is €237,000 (house, modernization, incidental costs).
We have received an offer from a financing advisor and need to decide whether we can do it.
The financing proposal consists of the following components:
- Annuity loan €164,000, effective interest rate 2.94%, repayment 1.5%
- KFW loan €50,000, effective interest rate 2.17%, repayment 2%
- Private loan €23,000, effective interest rate 8.5%, repayment 3.5%
The private loan is necessary because we have no equity (statement financing advisor)
What is your opinion on this? Are these fair conditions?
Best regards, gostar22
we want to finance a house and unfortunately have not saved any equity.
The total requirement is €237,000 (house, modernization, incidental costs).
We have received an offer from a financing advisor and need to decide whether we can do it.
The financing proposal consists of the following components:
- Annuity loan €164,000, effective interest rate 2.94%, repayment 1.5%
- KFW loan €50,000, effective interest rate 2.17%, repayment 2%
- Private loan €23,000, effective interest rate 8.5%, repayment 3.5%
The private loan is necessary because we have no equity (statement financing advisor)
What is your opinion on this? Are these fair conditions?
Best regards, gostar22