Finance construction project, total costs: €395,000

Hello everyone,

first of all, thank you very much for the many responses.

I think that building a house should be feasible with a calculable risk.

We also want to get advice from our house bank soon to find out whether the financial framework fits our expectations at all.

What about Schufa entries, actually, I have heard that creditworthiness decreases if you request too many offers, which is currently discouraging me a bit.

The building area where we want to build is not yet developed either, the responsible clerk of the municipality believes that those willing to build can start building at the latest in spring 2018. Therefore, building the house can only be realized in 2018.

Greetings to the forum

If you are afraid of [Schufa entries], then go to a financial broker. He has a pretty good overview of the conditions of the banks.

Simply requesting conditions from banks has no impact on the Schufa rating.

What about Schufa entries, I have heard that creditworthiness decreases if you request too many offers, which is currently putting me off a bit.

Belongs in the history books in the area of general-purpose loans, but is always gladly rehashed.

In short: wrong, not true here, if the bank does it correctly.

One must ensure that it is truly processed as a request. A loanapplication is usually reported to Schufa.