Construction financing with a fixed-term contract

  • Erstellt am 2015-06-19 12:01:05

Payday

2015-06-26 13:04:15
  • #1
The main argument for the financing is the very solid equity. The bank's risk is basically zero because of that. Even though it's in every book and every post, almost nobody has that much equity. Most financings are rather shaky. With 30%, you are simply doing well. It worked for us also because of the 20%, and of course because I have a permanent position outside the probation period and could cover the installment on my own.
 

SaDre

2015-08-23 15:32:21
  • #2
Thank you very much for your advice.

Even if I am not continued to be employed, the financing would work (at least in the 1st year).

After consulting with my supervisor, I should receive the conversion to permanent status in December in writing - I have also clearly stated my position in this regard.

We are now starting the first talks with various developers. I am curious about the first numbers.

We will still only sign once I have it in writing.
 

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