Construction financing with or without a building savings contract, experiences?

  • Erstellt am 2022-11-16 07:07:44

WilderSueden

2022-11-16 13:38:46
  • #1

If you want security, take the long fixed interest period for two tenths surcharge, possibly until full repayment. Then the bank doesn't have to guess what will happen with the follow-up financing.
By the way, you only get advice if you also pay for advice. Everything else is a sales talk. And of course, it is very interesting for the financial product seller to sell you two products right away now instead of hoping the customer comes back to him in 10 years. Especially since the building savings contract usually still has a hefty closing fee.
 

Kleine_01

2022-11-16 13:59:32
  • #2
Well written. That’s probably how it is. You have to remind yourself of that in weak moments.
 

kbt09

2022-11-16 14:43:36
  • #3
And, if you can pay the installments for a [Bausparvertrag], then you can also increase the actual installment instead and thereby the repayment.
 

JanCux20

2022-11-19 09:38:45
  • #4
I would rather extend the fixed interest period to 15 or even 20 years. It also provides security. On the one hand, the interest rate is fixed for a longer period, on the other hand, the remaining debt is significantly lower. In the follow-up financing, the interest rate is then almost irrelevant because the remaining amount is so low.
 

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