Financing commitment at the current time

I concluded my loan agreement for the house purchase in January of this year, back then it was still not a problem. There are three of us (1 adult, 2 children) with a net income of 3500 euros plus various other things, which makes a total of 5000 euros for us at the moment. I was initially with Check24, but in fact I financed with the house bank (Sparkasse) because they undercut the offer from Check24. In a phone call with the financing advisor at the house bank, he recently told me that the conditions I would still have gotten are no longer available now. At the very beginning I was also once with a financing advisor who also confirmed to me that the flat rates set by the banks for living expenses are partly too high. We do not need as much at the moment as some banks assume. For example, in the costs for a car, sometimes 300 euros per month are calculated, but we do not need that much.

I signed my loan agreement for the house purchase in January of this year, back then it was still not a problem. There are three of us (1 adult, 2 children) with a net income of 3500 euros plus various other things, making a total of 5000 euros for us at the moment. I initially used check24, but actually financed through the house bank (Sparkasse) because they undercut the offer from check24. In a phone call with the financing advisor at the house bank, he told me recently that the conditions I could still get back then are no longer available now. At the very beginning, I also saw a financing advisor who confirmed to me that the flat rates set by banks for living expenses are sometimes too high. We don't need as much at the moment as some banks assume. For example, the costs for a car are sometimes calculated at 300 euros per month, which we don't really need that much.

Of course, higher rates are usually applied in the flat rates. Otherwise, it wouldn't be any security for the bank. The bank has to calculate for itself whether it trusts the borrower to manage the monthly installments or not. And based on that, it is decided whether you can get the money or not. A certain buffer must also be created for the future, as prices are currently rising sharply, so it is quite possible that even you might need 300€ per month for the car in maybe 2 years.

I concluded my loan agreement for the house purchase in January this year, back then it was not a problem. There are three of us (1 adult, 2 children) with a net income of 3500 euros plus various other things, making a total of 5000 euros for us at the moment. I was initially at check24, but actually financed with the house bank (Sparkasse) because they undercut the offer from check24. In a phone call with the financing advisor at the house bank, he recently told me that the conditions I would still have got are no longer available now. At the very beginning, I was also with a financing advisor who also confirmed to me that the flat rates set by banks for living expenses are partly too high. We certainly don’t need as much at the moment as some banks assume. For example, the costs for a car are sometimes calculated at 300 euros per month, which we don’t even need that much.

Exactly! The Volksbank here even assumed 450€ per month for the car we don’t have and nearly 4000€ for living expenses! I ask myself who needs that! As I said, we spend maybe 1000€ a year on vacation, that’s it. We currently have a self-sustaining garden and will have it again in the new garden. I find it terrible that things are calculated so generally. And to all the other people who think you can’t get a construction loan with 7000€, I then wonder if only millionaires are really around here, because honestly, I know very few people with such an income and 120k equity. We financed the current property back then without a single euro of equity without batting an eye. That’s why I asked here, and it helps me nothing if you tell me that we have too little income to get financing. We will not pay off two loans; we will sell our house, then repay the loan, and then finance the new house. We will then pay usage compensation to the buyer.

We have a monthly net income of 5500€

And to all other people who think that you can't get a construction loan with 7000€,

Short task: Find the mistake.

Short task: Find the mistake.

There is none, €5500 plus child benefits for 4 children ‍♀️

Please write your bill.