I had the same issue. The first financing for the land was about a year before the second financing (2nd rank) for the house. Both were handled smoothly through Check24 with two different banks. At the time, I was worried about the variable loan in case the interest rates rose so quickly that I could no longer afford the house financing. In retrospect, I see everything relaxed...
Sounds very promising. We will now make appointments with the regional banks on site and secure the best interest rate with one of them and conclude a variable loan. Makes the most sense in our situation.
How is it regarding the fixed interest period for the variable loan? At what intervals can the interest rate change? Is there a short-term commitment of at least a few weeks/months? The interest rate is based on the Euribor, right? Therefore, one should have a 3-month commitment here, correct?
The interest rate is based on the Euribor, right? So you should have a 3-month fixed term here?
Yes and no, as a rule loans are linked to the Euribor as a reference interest rate – thus 3-month rolling, new conditions. But it can also be a bank handling it like a normal overdraft interest rate, as the interest for overdrafts/dispos are set.