Construction Financing Options - Experiences / Recommendations

  • Erstellt am 2019-07-11 11:06:03

EliKarl

2020-01-22 12:14:21
  • #1


With 20 years, some banks drop out that only offer a fixed interest rate for up to 15 years, right? For the 20 years and €180,000 with 3% repayment, we hoped for something around 1%. Isn’t that achievable under the given conditions?

What interest rate do I get then for the KfW loan with the 10 years fixed interest?
 

Hausbau2022

2020-01-22 12:53:23
  • #2
So, if the income goes to around 5k net, the 300k€ won’t be a problem for you. I would get an offer here for a long-term commitment or even a full repayment loan over 20 or 25 years... You can have everything calculated. Your conditions are good, since the equity (property plus the huge special repayment of 350k plus cash 150k). For the banks, the risk is hardly present. With a 10-year fixed interest rate, you would have to be below 0.5%. Full repayment over 20 years last year was still around 1.1% with 80% loan-to-value (with you even less).
 

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