Does the capital provide financing

Such a step must be well considered; if you make an appointment at the [Hausbank], they will calculate that for you.

Barbar

With such a good income, the equity should not be so dramatic.
Locher

Hello,

I will definitely keep the appointment with the house bank and want to inform myself in advance so that the banker doesn’t only have the contract and the dollar signs in mind ^^

Another question that arises is the issue of initial double burden. That means the loan starts at the beginning of the house construction? Ergo, I have about 6 months during the house construction with interest and repayment payments + rent costs. That will probably be a critical point as well?!

Regards

PS:
Thank you very much for the answers.

Hello,

I will definitely keep the appointment with the house bank and want to inform myself in advance so that the banker doesn’t only have the closing and the dollar signs in mind ^^.

Another question that comes up is the issue of initial double burden. This means the loan starts at the beginning of the house construction? Ergo, for the time of the house construction, about 6 months, I have interest and repayment payments + rental costs. That will probably also be a sticking point?!


Best regards

PS:
Thank you very much for the answers.

You can arrange the start of the payment with the bank; you will not need the entire amount at once but only bit by bit.

Window

Hello,

today was the appointment at the house bank. It was quite interesting; I learned things I didn’t know before ^^

In advance, we can easily get financing of 255,000 euros with equity. He also said he’s not worried about the repayment due to the income, with 3% amortization and 4.4% interest fixed for 10 years. We’ll do the final touches once the exact creditworthiness is determined, and apparently there’s still some room in the offer ^^

Well, we will also stop by the Sparkasse.

Otherwise, I didn’t know that if you buy a house + land from one developer, the property transfer tax is paid on everything and not just the land. That’s easily a 5,000 euro difference.

Regarding the double burden that caused me some headaches, meaning repaying the house parallel to rent payments during the construction phase, it looks like the installments only start after moving into the house. I still have to pay construction interest, but I can calculate the phase a bit more relaxed.

We will probably also take out a building savings contract along with the loan where we can deposit as we like, so we can immediately start repaying after the fixed phase.

So tomorrow the first developer is coming to visit, let’s see how the offer is and if the money is enough for our dream.

Best regards