Financing Land & Corner Bungalow

2016-01-22 11:33:53

@ Punica: That’s why there is also the repayment change. With 1% repayment, the rate is "only" 800€ per month and thus easily manageable with one salary, child benefit, unemployment benefits/400€ job. Even if the bank would set 2% repayment as the minimum, the rate of 1,050€ is manageable and affordable. Probably one could also do without the second car or something similar.

2016-01-22 11:38:50

everything depends on and is based on our income, if that from the woman disappears (not a civil servant & not in the public service), it looks bleak...

The question is, if it then disappears, when exactly it disappears, if it is immediately after the financing, 1-2 years later, it will very likely be more than hairy.....
I'm already imagining the worst

Very few people can cover all risks. It looks the same for us: if my income drops significantly or completely... it's pretty much over quickly. For this case, we have a buffer that lasts about 2 years. After that, it's over. My wife is in public service and even with 45 hours per week couldn't earn nearly enough.

At some point, I accepted it. The alternative would have been: building far outside (village) OR saving for many many more years. After long consideration, neither was an option.

Regards, Steffen

2016-01-22 11:54:07

If it were about having absolute safety, no one should ever build.

2016-01-22 12:14:10

I'll ask the house bank if they offer repayment switches within the fixed interest period.

We have already been to 3 other banks & loan brokers, the problem is that the house bank (Sparkasse) made the best offer & the advisor said at the end that she does see room for negotiation if we get a better offer - unfortunately it hasn't worked out so far :(

I have to say that we were about to schedule a notary appointment (developer) but due to atmospheric disturbances we ultimately decided not to build with the developer.

Now we are looking for a suitable plot of land & still want to get some basic opinions about financing.
So basically starting from scratch except for the draft (only minor changes left).

hm if she sees room for negotiation she should use it .) it's crazy that she says that.

I would say, so what are we doing now

2016-01-22 13:40:05

I also think that more than 0.1-0.2 percentage points won't be possible - I just want to do all the homework as well as possible in advance.
It would just be annoying if the Sparkasse, because there is no better offer, refuses to budge anymore - why should they, they have already made the best offer.

The thing with the flexible repayment is really great, that way you could indeed sleep much more peacefully in case of unforeseen events.

2016-01-22 13:42:52

Unfortunately, we cannot do without the second car, we need both for work. Although the second one (toyota Yaris) is relatively inexpensive to maintain and is used only for work.

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Financing Land & Corner Bungalow

nordanney

Steffen80

b54

HilfeHilfe

Punica

Punica