Financing a single-family house approx. 450k - How to implement?

  • Erstellt am 2018-03-10 01:39:37

86bibo

2018-03-20 16:06:19
  • #1


Yes and no. That is only the case in the savings phase; once allocation has taken place, there are usually predefined rules like with the annuity loan. So you have to look at the details. However, I would think carefully about a building society savings contract because the type of loan actually hardly matters when assessing creditworthiness. But with the building society savings contract, you run a big risk if you don’t manage to reach allocation within the fixed interest period. Then the entire loan amount has to be refinanced. For a bank, the risk there is even higher than with the classic annuity loan.


That is probably correct. You are most likely to have the most luck with your house bank.


Basically, I can only partially understand why someone would want to repay so little. If the money is coming in reliably, why not repay directly at 2-2.5% and use the mostly included 5% extra repayment option for the rest? If the money is not coming in that securely, then you will have problems anyway. Additionally, there are loans that allow you to adjust the repayment rate 1-2 times free of charge.
 

Matthew03

2018-03-20 19:24:18
  • #2
So we financed with a building savings contract and can make deposits into it at any time and in any amount, even after allocation.

I think the most important thing on this topic is to have an advisor/expert at hand whom you completely trust and who examines all options.
 

Caspar2020

2018-03-20 19:55:49
  • #3


No; it completely depends on the BSK. Ours is also super flexible in both phases regarding special repayments and payments. Before allocation, it cannot be brought forward.
 

andreashm

2018-04-05 17:19:50
  • #4


With assigned building savings contracts, you usually cannot fall below the agreed savings rate during the savings phase, as there is a fixed allocation date that would otherwise not be met. Extra payments are often possible (but not always). During the loan phase, on the other hand, the building saver can generally make arbitrary special repayments. At least, I am not aware of any tariff that excludes this.
 

Forenfux78

2018-04-10 22:27:27
  • #5
...I haven't read everything, so forgive me if this suggestion has already been made: If the original poster is so sure about their regular bonus payments, why not just go for a 5-year fixed interest rate? Then repay a lot in the first 5 years (or cumulatively after 5 years), which is possible thanks to the bonus... and then renegotiate (longer) afterwards. Then the original poster would have a much better loan-to-value ratio in 5 years with accordingly better conditions. Admittedly, the first 5 years could be mentally challenging...
 

arnonyme

2018-04-11 12:41:15
  • #6
Or just finance it variably. But whether the bank agrees to that is another question. I once heard that they don’t like to offer that, or if they do, only for large loan amounts.
 

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