Evaluation of land financing offer

  • Erstellt am 2019-11-22 17:55:58

Bautitus

2019-11-22 23:05:57
  • #1
Construction will begin in 4 months. However, the problem is that some costs are not yet known (the architect has not yet issued and awarded all the contracts). Therefore, the risk of missing the total amount by more or less is too great. I am willing to accept a few hundred euros in notary fees for this. The question of whether the offer is good does not primarily focus on whether it will cost me 50-100€ more or less in the 4 months, but whether I can trust my financing partner to deliver the best conditions without having to run around and compare now. (I had already done this for the overall financing and therefore initially selected him).
 

11ant

2019-11-22 23:17:22
  • #2
Financing topics are actually largely spared from 11ant here – which some discussants certainly perceive as an island of the blessed
 

Fuchur

2019-11-23 01:01:51
  • #3
The interest rate is good. The land charge will just cause you additional costs of maybe 600-700€. If you calculate that over the 4-month term, then the effective interest rate is beyond good and evil and will probably even be beaten by a consumer loan. To what extent the registration times cause difficulties for you with the main financing, you have to assess yourself. For 4 months, you don’t need "the top" offer, but rather the most flexible one.
 
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