Construction financing with child support?

Of course, that is also an option, yet it surprises me that quite often rather quickly (I mean this in general and not referring to you!) parents/in-laws are called upon to stand up for the life of the young people and even act as guarantors.

The case seems different to me here. The people have apparently been divorced for quite some time and the lady wants to keep the house, which currently seems to fail due to formalities and not because it is an uncertain matter. Such things are resolved within the family itself and not through a divorced ex. At least in my opinion.

The case seems different to me here. The people appear to have been divorced for quite some time, and the lady wants to keep the house, which is currently failing due to formalities and not because it is an uncertain matter.

I don’t believe this is just a "formality" but about the possibility for her and her new partner to obtain the necessary loan from the bank. If it were just a formality, it wouldn’t be a problem. Whether someone "wants to keep" the house is an understandable wish, but no more than that if the bank does not agree. Unfortunately, it is often neglected to establish clear arrangements right at the divorce. It is usually considerably more expensive but clear. You divorce, separate everything, but remain united financially, and that eventually causes problems. Apparently, there are also children from this marriage, which means the connection remains in some way whether you want it or not.

Something like that is solved within the family itself and not through a divorced ex. At least in my opinion.

You can see it that way, no question, but I am of the opinion that the married couple should also put their own affairs in order themselves. They certainly did not ask their parents for permission on whom or whether they could marry, they made that decision themselves, as well as the divorce. "Something like that is solved within the family"… okay, they were a family and DID NOT solve it. If the parents divorced, would the son have to bear that? Then the question remains, who decides that it be "solved within the family"? I can only have such a view if I am the "giver." We as parents are not necessarily the bank for the children, who today mostly earn more money than the parents ever did. Of course, you gladly help your children, but this oftentimes reflexive call on the parents’ wallet does not please me. I have witnessed how exactly such parents lost their house because the children did not get their own life in order. Just quickly registering a mortgage on my inhabited house or a guarantee… a reputable notary will usually advise against it, because your retirement should be secure and free of such externally caused circus.

So I have to say that I stand by the motto "You reap what you sow."

The ex-spouses have been divorced since 2015. The ex-wife knew what was coming and that by the end of January 2021 a financing/solution had to be in place if she wanted to keep the house. The ex-spouses are divorced and since the relationship between them is unfortunately not great - for whatever reason - the ex-husband naturally does not want to continue "guaranteeing" with his name. Both the ex-wife and her new husband, with whom she has also been in a relationship since 2015, knew what was coming. If the new spouse is then studying in the x-th semester, failing exams, has a child born in mid-2019, and at the end of his 30s does not generate a fixed income and they can only afford this standard of living because of the child support from the ex-husband, then you have to live with the consequences. In my opinion, the spouses have to be able to manage it together. You can neither expect concessions from the ex-partner nor from the (in-law) parents to make themselves available as guarantors. If you (still) cannot manage it on your own strength, then maybe just a little later.

In any case, I thank everyone here who has engaged with the topic for their opinion.

At the end of the month, it will then be seen whether the core question "will child support and child benefit be taken into account in the financing?" could be clarified.

At the end of the month, we will see whether the core question "are child support and child benefits taken into account in the financing?" could be clarified.

I’m keeping my fingers crossed that they manage somehow. Then nothing would stand in the way of the proposed agreement.

What is plan B? What is the tendency there?

I think it’s important to take a clear stance at the end of the month if things don’t go as desired. Otherwise, it will drag on endlessly. What’s the rush if moving out of the house is threatened? Better to block everything and delay. So calmly already consider which alternative path can be taken. Actually better to proactively and cautiously ask sooner rather than later how the financing stands, whether one should worry.

Is waiting really sensible here? Doesn't the bank demand the remaining amount after the fixed interest period expires? Is it really the case that the bank says, "Aha, so you couldn't get a follow-up financing either with us or with the competition, we'll just wait..."?

In the loan agreement I am involved in, the remaining sum becomes immediately due. If one cannot provide this, the bank would resort to the collateral (house/land). Does this not also result in a negative entry in the Schufa for both borrowers?

Has anyone ever "waited out" this situation here?

Of course, you like to help your children, but I do not like this often reflexive call for the parents' wallet.

Are you surprised? Many children here already count on the parents' parents' house that has just been paid off ;)

Is waiting really sensible here? Doesn't the bank demand the remaining amount after the fixed interest period expires?

I seem to remember: if you remain inactive, the bank continues to withdraw installments from you, which rather resemble a variable loan. The problem here is probably that the woman relied on her customary right. There was always the (ex-)husband in the background who took care of things. Whoever was always economically satisfied can also keep afloat with perpetual students. Now the ex, i.e., your partner, wants an even break, and now the financial cushion is getting thin. I'm curious to see what will come of it.