Error in financing?

I can also recalculate it, huh? It's about the vague formulations of the providers and you simply don't get a concrete offer.

What use is calculating with a 1% fixed interest rate if that will not be the bank's offer!?

I can also recalculate it, huh? It's about the vague formulations from the providers and you simply don't get a concrete offer.

Which vague formulations? Every offer I received had exact, verifiable numbers; you don't sign anything else.

Then you open an Excel calculation where you input every component, and in the end, you get the term, costs, and total amount after the fixed interest period. It's best to also output it after 10 years.

Together with the risk you assessed, you can then make a decision. That's how we did it as well ...

Well, I can definitely understand Hendrik; in our discussions, people really talked endlessly about term A, B, and C for various partial loans, interest rates & fixed interest periods, interim financing, remaining debt, etc., until in the end you only get told one number for what you have to pay monthly plus precisely defined side conditions. But if this apparently isn’t clearly explained to him or is expressed in a confusing way, I can quite understand his frustration...

That is why you take the numbers home, study them, and calculate them yourself.

In doing so, you can identify many inconsistencies ...

Well, I can quite understand Hendrik; during our discussions, they really spent hours talking about term A, B, and C for different partial loans, interest rates & fixed interest periods, bridge financing, outstanding debt, etc., until in the end you only get told one number, which is what you have to pay monthly plus precisely defined side conditions. But if that apparently isn’t made clear to him or is expressed in the most confusing way possible, I can definitely understand his frustration...

sorry then you both didn’t do your homework. If you don’t understand a financing or get insufficient information, you ask.

I stayed away from building savings contracts & co. because as a banker, that was too vague for me, plus those subsequent taxes (Riester), etc. You only sign what you understand and feel comfortable with.

I also don’t buy a TV that I can’t operate. And I definitely wouldn’t let anyone talk me into a 405k financing.

One thing is clear: you only get an amortization schedule for the first fixed interest period; the rest is just looking into a crystal ball anyway.

yes- exactly, I don't want the crystal ball and then you just end up with a building savings contract, that's just how it is.