Financing decision experiences

Leave out the parents. You still want to have somewhere to stay if your construct fails. Otherwise, the four of you will go looking.
Have you found anything? Congratulations :)

Thank you for the many tips! Today we are trying to gather all the documents for ING and hopefully it will work out. I will report then how it went :)

ING discount of 0.10%

well, I do that with my customers too, it would be important here that if you have 590 TEUR as the purchase price, you have to finance exactly 472 TEUR (80%) or more!

but with the 472 TEUR you would be at the low interest rate + another 0.10% interest discount.
As soon as you come below 80% in the financing/purchase price, ING is not allowed to give a discount here (because the margins are too low, I was told)

so if you do everything quickly now, then adjust the numbers more precisely, and make a short letter with the note: purchase price now 590 TEUR instead of 600 TEUR, and you want to finance exactly 80%!
As I said, with 590 TEUR and 465 TEUR financing you are at 78.81% according to ING calculation, and therefore out of the discount.

ING discount of 0.10%

well, I do that with my customers too, the important thing here is that if you have a purchase price of 590 TEUR, you have to finance exactly 472 TEUR (80%) or more!

but with the 472 TEUR you would be at the low interest rate + another 0.10% interest discount.
As soon as you come under 80% financing/purchase price here, ING is not allowed to give a discount (because the margins are too low, I was told)

so if you now quickly finish everything, then adjust the numbers more precisely, and make a short letter with the note: purchase price now 590 TEUR instead of 600 TEUR, and you want to finance exactly 80%!
As I said, with 590 TEUR and 465 TEUR financing you are at 78.81% according to ING’s calculation, and hence out of the discount.

Ah, that explains a lot, thanks.
Our Interhyp advisor also advised us to state 10,000 euros more for the exterior facilities in the costs, otherwise the condition won’t work out anymore. :D
I was still wondering why we should finance MORE to get a better condition. Normally, a higher equity share always gives better conditions. :)

Just no building savings contract construct.

I struggled with that very construct for a long time. Now interest rates are above ours again – and I’m glad that I secured those for a few more years via a building savings contract. But sure, this bet on the future rarely justifies this rather expensive product.

I struggled with exactly that construct for a long time. Now interest rates are above ours again – and I’m glad that I secured those for a few more years via a home savings contract. But sure, this bet on the future rarely justifies this rather expensive product.

I don’t know – in 2020, with our first construction project, I would have agreed then. Given the current price developments and the realization of how quickly the market can change, I almost find the surcharge justified for the security over 32 years.