Estimate credit limit for property purchase

2017-02-28 10:03:25

What is also noticeable is that with minimal effort one could achieve a loan-to-value ratio of <90%, which would certainly improve the conditions for the amortizing loan.

2017-02-28 12:25:37

: It is definitely worth contacting a second intermediary. Not only do the conditions differ among intermediaries even for the same bank since they use a different platform, but there are also differences in how things are presented.

One thing I notice in your screenshot: The manufacturing costs include own contributions. Own contributions consist of the material as well as the "muscle mortgage." This is usually listed on both sides of the invoice. So fictitious in terms of costs, but also as invested capital. This reduces the loan-to-value ratio.

Did you only set the budget for the materials with the intermediary?

It was calculated without own contributions.

2017-02-28 12:26:37

What is also noticeable is that with minimal effort one could come to a loan-to-value ratio of <90%, which would certainly improve the conditions for the annuity loan.

How so? I am grateful for any tip.

2017-02-28 12:30:18

For example, precisely through minimal own contributions. You hardly lack anything with €378k and €36k equity.

2017-02-28 12:40:32

I see manufacturing costs of 303,000 euros and land costs of 70,000 euros and a capital requirement of 342,000 euros. I calculate 342 / (303 + 70) = 91.7 %. To get below 90 %, one would need to find 7,000 euros somewhere somehow (or the equivalent of 7,000 euros). 335 / (303 + 70) = 89.9 %.

2017-02-28 12:46:34

I was with a major broker almost 2 weeks ago and can definitely say that there can be a large interest rate difference between 91.7% and 89.90%. One should definitely check and calculate what might make sense in each case.

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Estimate credit limit for property purchase

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Goldi09111

Goldi09111

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Bieber0815

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