Financing offer evaluation and question about mixed interest rate

  • Erstellt am 2021-10-13 23:48:40

Tom1978

2021-10-18 07:27:08
  • #1


The only thing certain is death :) Our financial broker also said it would certainly work with the Commerzbank. The Commerzbank shelved it for reasons we can't understand. So don't be talked into it. If you don't urgently need the money, don't take any risks. And plan carefully with:

a) Commitment interest
b) Fixed price of the general contractor/subcontractor.

You don't want to have to pay extra later.
 

Rumbi441

2021-10-18 08:14:17
  • #2
and I would call the broker and tell him to cancel the appointment with A immediately, that you would like your own notary whom you choose
 

HubiTrubi40

2021-10-18 08:35:21
  • #3
The notary himself is okay for me. I have already sold something through him before. So okay, but yes, he should postpone.
 

HubiTrubi40

2021-10-18 08:36:53
  • #4

I am buying in stock. Apart from renovating the floors and painting, there are no major construction projects planned for now. Therefore, 6 months should be sufficient in my opinion. 12 are of course better.
 

HubiTrubi40

2021-10-18 22:24:31
  • #5
I unexpectedly received an interesting offer, but I suspect it sounds better than it actually is. With my conditions of 150k equity and 520k loan amount: 2 L-Bank components of 100k each and a combination loan of 300k with 15 years at 1.19% and then 14 years at 1.49%, but there is a home savings contract behind the 300k loan. What should I make of this? Prepayment is supposedly unlimited in the first 15 years. That sounds interesting, but I have occasionally read that home savings contracts are generally not the first recommendation.
 

Grundaus

2021-10-19 17:06:54
  • #6
Building savings contracts have relatively high costs such as the contract fee and the allocation date is not guaranteed. Since you do not repay anything in the first years but pay into the building savings contract, you have a (slight) compound interest disadvantage. In addition, you only get the good building savings contract interest rate with very high repayment. The advantage is that you can pay more into the contract, you can also increase the contract if you need money for renovation in 15 years. You can also make significantly more and more flexible special repayments. Additionally, it makes tax sense if you pay less tax in 15 years (for example, with rental income in retirement).
 

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