Current processing time for construction financing applications at banks

Basically okay

Do you think so? I do think it's quite a tricky situation. The equity barely covers the incidental costs of the purchase. Then there are outstanding debts for the car. And roughly a hundred times the income. I definitely see potential for a rejection here. It probably would have gone through in February, but I have been hearing from friends that banks have become significantly more skeptical since Corona. I'm not a finance professional, but the rejection doesn't personally surprise me.
Nevertheless, it is probably not hopeless to find another bank or to get back in touch. The other question is whether one even wants or should put themselves through such financing...

I can understand the bank, financing is borderline. Schufa entries, whether resolved or not, the gut feeling remains. And then another 16k loan.

How much of the 5k income is the woman’s share? That makes the tight budget even tighter...

other mothers also have great banks....

Why didn’t you run 2-3 from the start? What does your advisor say now, he should have done a preliminary scoring and check? Did he have no concerns?

It doesn’t fail because of a framework credit that is not canceled. There has to be more

Because we liked the terms from the current bank best. Now we can still manage to submit a request with another one. However, the fixed interest period would only be 10 years there – which I see as too short. The FB said that we received an approval during the preliminary check (?) (traffic light system showed green). He called the bank before the official application and they expressed interest. So, he didn’t seem to have any concerns that it wouldn’t work out.

Do you think so? I do find that it’s quite a nice area. The equity hardly suffices for the ancillary purchase costs. Then there are still outstanding debts for the car. And roughly one hundred times the income. I do see potential here for a rejection. It probably would have gone through in February, but I’m currently hearing from friends that banks have become significantly more skeptical since Corona. I’m not a finance professional, but the rejection doesn’t personally surprise me.
Nonetheless, it’s probably not hopeless to find another bank or to seek contact again. The other question is whether one even wants or should put oneself through such financing...

The ancillary purchase costs amount to 1/5 of the equity – how do you come to such a claim that the equity would be completely used up for that?

I can understand the bank, financing at the limit. Schufa entries, whether resolved or not, the gut feeling remains. And then another 16k loan. How much is the woman's share of the 5k income? That makes the tight situation even tighter...

The woman has 1.5K net and I have 3.5K.

The incidental purchase costs amount to 1/5 of the equity – how do you come to such a claim that the equity would be completely used up for that?

Can you please break down the incidental purchase costs? Normally, people say roughly 10% of the purchase price (it can also be more, depending on the circumstances, federal state, etc.). And even if it’s not 10%, there are still enough unexpected things that you don’t have on your radar yet. Safety buffer. Tell me a bit more about your project, then it can be better assessed. Here in the forum, no one wants to do you any harm (not even me;)), but I really think that at the moment many are facing your problem. They get loans with difficulty or not at all or stumble and are then completely shocked because it comes unexpectedly.