innocent
2011-02-10 19:02:48
- #1
Hey guys,
I have recently been looking into the possibility of building a house. However, this is not supposed to happen this year, but in 2012 or at the latest 2013. Now I already have 2 problems. The interest rate level is really low right now. Is there a way to lock this in until 2012 or 2013?
My second problem is the plot of land. I have already found a suitable plot. It costs about 36,000 euros. How can I best finance this? We don't have any equity yet (that's why the house construction will only be in 1-2 years). Everywhere I have checked so far, construction financing only starts from 50,000 euros. A normal installment loan is quite expensive. Are there other options? Maybe still with some kind of construction financing? I would be grateful for a few suggestions.
I have recently been looking into the possibility of building a house. However, this is not supposed to happen this year, but in 2012 or at the latest 2013. Now I already have 2 problems. The interest rate level is really low right now. Is there a way to lock this in until 2012 or 2013?
My second problem is the plot of land. I have already found a suitable plot. It costs about 36,000 euros. How can I best finance this? We don't have any equity yet (that's why the house construction will only be in 1-2 years). Everywhere I have checked so far, construction financing only starts from 50,000 euros. A normal installment loan is quite expensive. Are there other options? Maybe still with some kind of construction financing? I would be grateful for a few suggestions.