Financial requirement for construction

2019-01-25 00:34:19

Hello everyone,

From what I gather here, there are similar doubts from your perspective as with us.

To take some dynamite out of the debate:
1. The loans are not long-term and will be paid off within about 3 years (car + study financing)
2. The household calculation is a very conservative estimate, which already accounts for €1200 alone for groceries. Furthermore, it generously includes special expenses such as clothing, gifts, etc.
Additionally, bonus payments in the low five-figure range are expected, which could cover any special items after the house purchase.

In short: It’s a kind of start-up financing, as significant salary increases and expiring loans are to be expected.
Therefore, only the bank’s approval is the focal point for examination.

Thank you for your suggestions

1. The bank is only interested in the current situation at the time of the loan approval
2. Banks have their own fixed living expense allowances. You could live on air and love for all they care. The allowance is applied.
3. The bank is not interested in variable salary components like bonuses. Only what flows into the account monthly counts. Christmas bonus is something else.
4. Salary increases, inheritance, etc. see point 1.

So keep your smoke and mirrors to yourself. You can fool yourselves all you want.

Here you get facts.

2019-01-25 00:35:10

1. Must still be paid by then.

2. You are 4 people, €1,800 is sufficient but a bank does not calculate with much less.

Your household calculation simply does not match your plan.

But if you get such a significant salary increase, then just wait until the loans are paid off and the salary is higher.

2019-01-25 00:40:36

So keep your smoke and mirrors to yourself. You can fool yourselves all you want.

Here are the facts.

Thank you very much for these facts.

What the statement regarding the bonuses is about is the following: covering variable costs, such as vacations / reserve formation or similar, is possible. So we can push ourselves to the limits of what is maximally financeable, it fits.

2019-01-25 00:43:56

Thank you very much for these facts.

What the statement regarding the bonuses is about is as follows: Covering variable costs, such as vacations / forming reserves or similar, is possible. So we can venture to the limits of the maximum financeable, it fits.

Have fun! Let me know if it went wrong. Then at least the thread was useful for something.

2019-01-25 00:44:24

If you get such a significant raise, then just wait until the loans are paid off and the salary is higher.

Your suggestion is logical, yes. But unfortunately, we are currently really obsessed with the dream of building a house. Especially since we have children, this desire keeps growing steadily. Besides, this way you save yourself the substantial rent.

2019-01-25 00:44:33

So we can venture to the limits of what is max-financeable, it fits.

If you are so sure about that - why are you asking here then?

Financial requirement for construction

Zaba12

face26

Elsabaut

Zaba12

Elsabaut

User0815