Baufinanzierer
2013-04-30 22:09:31
- #1
Here is the CORRECT answer, without stepping on anyone's toes.
Let's start at the beginning. The KFW sponsors the interest for the bank. The KfW does not give any money! So the risk for the bank is always the same, whether with or without KfW. That is why the KfW does not enter itself in the land register, only the financing bank appears here. In other words, if there is an installment default, you will receive mail from your bank, not from the KfW.
There are banks that pass on part of the interest advantage to the customer and offer better conditions than those advertised by the KfW. Why they do this everyone has to clarify for themselves.
So the answer to the question: KfW funds are NEVER equity.
The loan-to-value ratio meanwhile is only indirectly based on the market value. This is never higher than the purchase price (exceptions prove the rule) and is determined by the bank itself. From this market value an internal lending value is calculated. Roughly that is 90%, i.e. a 10% safety deduction for the bank.
So the property with a purchase price = market value of 500,000 EUR has a lending value of about 450,000 EUR. The first 60% are the safest for the bank (mortgage loan), everything above 80% of this value is considered "blank" by the bank. These loans are charged with a risk premium by the bank and are usually more expensive for the customer than the comparable KfW loan.
A small caution: This interest sponsorship by the KfW only lasts until the end of the first fixed interest period, after which the bank prolongs this loan at current market conditions.
Let's start at the beginning. The KFW sponsors the interest for the bank. The KfW does not give any money! So the risk for the bank is always the same, whether with or without KfW. That is why the KfW does not enter itself in the land register, only the financing bank appears here. In other words, if there is an installment default, you will receive mail from your bank, not from the KfW.
There are banks that pass on part of the interest advantage to the customer and offer better conditions than those advertised by the KfW. Why they do this everyone has to clarify for themselves.
So the answer to the question: KfW funds are NEVER equity.
The loan-to-value ratio meanwhile is only indirectly based on the market value. This is never higher than the purchase price (exceptions prove the rule) and is determined by the bank itself. From this market value an internal lending value is calculated. Roughly that is 90%, i.e. a 10% safety deduction for the bank.
So the property with a purchase price = market value of 500,000 EUR has a lending value of about 450,000 EUR. The first 60% are the safest for the bank (mortgage loan), everything above 80% of this value is considered "blank" by the bank. These loans are charged with a risk premium by the bank and are usually more expensive for the customer than the comparable KfW loan.
A small caution: This interest sponsorship by the KfW only lasts until the end of the first fixed interest period, after which the bank prolongs this loan at current market conditions.