exto1791
2020-04-28 07:56:06
- #1
Hello everyone,
I am currently in the planning phase of our single-family house.
Here are the time horizons briefly:
- The plot of land is preliminarily reserved and will be notarized in about 8 weeks.
- The house is contractually supposed to be fixed only at the beginning to middle of 2021.
There is no equity to fully pay for the plot of land, so we need a loan for this.
Since the house will be signed about 3/4 - 1 year later, we should certainly take out 2 loans here.
After talks with various financing advisors, it seems that everything points to taking out a variable loan for the plot of land.
Then, about 3/4 - 1 year later, an annuity loan with a fixed interest rate is to be taken out. This should then take over the variable loan, so that we no longer have the problem with the 1st and 2nd rank in the land register. That is why only the variable loan really makes sense.
The Check24 advisor said I should check out banks regionally regarding the variable loan, as he cannot make us an offer for this. This apparently is not worthwhile for his commission, or these advisors only work with fixed-interest loans at this point.
Now my question:
Do you have experience with 2 different loans in this area? Have you maybe done it exactly like this? Do you have recommendations for a different approach?
Important: Which banks can you recommend for this? Have you possibly experienced that an online bank can offer better conditions here? If yes, which banks are leading here?
I am grateful for any help on this. As mentioned, for now it is first about the variable loan. Since the time horizon here is only about 8 weeks, we should get moving on this in the next days/weeks.
Thanks in advance
I am currently in the planning phase of our single-family house.
Here are the time horizons briefly:
- The plot of land is preliminarily reserved and will be notarized in about 8 weeks.
- The house is contractually supposed to be fixed only at the beginning to middle of 2021.
There is no equity to fully pay for the plot of land, so we need a loan for this.
Since the house will be signed about 3/4 - 1 year later, we should certainly take out 2 loans here.
After talks with various financing advisors, it seems that everything points to taking out a variable loan for the plot of land.
Then, about 3/4 - 1 year later, an annuity loan with a fixed interest rate is to be taken out. This should then take over the variable loan, so that we no longer have the problem with the 1st and 2nd rank in the land register. That is why only the variable loan really makes sense.
The Check24 advisor said I should check out banks regionally regarding the variable loan, as he cannot make us an offer for this. This apparently is not worthwhile for his commission, or these advisors only work with fixed-interest loans at this point.
Now my question:
Do you have experience with 2 different loans in this area? Have you maybe done it exactly like this? Do you have recommendations for a different approach?
Important: Which banks can you recommend for this? Have you possibly experienced that an online bank can offer better conditions here? If yes, which banks are leading here?
I am grateful for any help on this. As mentioned, for now it is first about the variable loan. Since the time horizon here is only about 8 weeks, we should get moving on this in the next days/weeks.
Thanks in advance