Financing offer for 120% financing

The €10,000 are, according to the offer, for "Costs for renovation and modernization" and this includes, among other things, renovating the bathroom, possibly changing floors, and, for example, painting. However, we will also use the remainder to buy furniture. At least that's why I requested an extra €10,000. I was also told by the financial advisor that it is a 120% financing. I don't know, I'm always afraid to pass on such information..

...because €10,000 is not enough for an increase in value, maybe. Not much happens in the bathroom...

If the offer declares the €10,000 for "costs for conversion and modernization," then it cannot be 120%, sorry. But it doesn't really matter specifically.

Of course, I’m not an expert either, sorry if I described it incorrectly
For me, financing the purchase price including incidental purchase costs is always a 110% financing, for example

In any case, it doesn’t matter at all, I just wanted to make sure that the offer and the plan behind it are good.

Of course, I’m not an expert either, sorry if I described it incorrectly
For me, financing the purchase price including ancillary purchase costs is always, for example, a 110% financing

All in all, it doesn’t matter anyway, I just wanted to make sure that the offer and the plan behind it are good.

No problem, it is also understandable if you don’t deal with it every day

From the core it is initially unimportant for her, because she is interested in the loan-to-value ratio and if that is good, then it doesn’t matter whether the bank loan runs at 110%, 80% or 120%.

No, that is called full financing and if you have the acquisition incidental costs covered by equity capital, it is a purchase price financing, also called 100% financing (which is often confused with full financing).

You also can’t always necessarily calculate the loan-to-value ratio, because if the bank takes a 10% safety discount, which not all do, then the loan-to-value ratio naturally worsens.

The loan-to-value ratio also always depends on how much acquisition incidental costs arise and if, for example, brokerage fees are incurred, then the loan-to-value ratio also worsens.

Sorry, but we don’t know the plan behind it such as repayment rate, annuity repayment, via home savings contract, special repayment and repayment rate change options etc.