Financing offer: security option or rather tight constraints?

These interest jumps really only amount to a few euros per month. Just do it in the way that causes you the least stress regarding availability etc.

Save yourself the circus and the pointless fees, they will devour you with that amount. Variable loan without fixed interest and without mortgage.

This point is important. Make a total cost consideration over 15 years and include the notary's mortgage registration. In contrast, the more expensive variable loan without a mortgage.

With a 15-year fixed interest period, you usually only have a 5% prepayment right. That won't get you ahead if that's ever desired. That's why variable or short-term. Why do you NEED and PAY for interest rate certainty when even the entire amount is available as a reserve. I don't understand, but each to their own need for security.

The notary doesn't care whether you have financing. If everything is available, he can set up the land charge right away, or later.

And if you don't get a variable loan, then take more equity so that the capital requirement is max 50K, every bank will give such a loan.

My question was also whether I should have completed the financing by the notary appointment for the purchase regarding the commitment interest?

Make the contract as late as possible after the notary. The only important thing is when the purchase price is due. You only need the money on this date.

Thank you for your answers.

What is important to us is that we could manage it as an individual person if one stops paying. Security is the top priority...

And for me personally, it was important to know that I do not have to have the financing finalized by the notary appointment.

Now I don’t want to take up any more of your time. Sorry about that, maybe an unnecessary thread that didn’t have to be.

You don't have to apologize here. It's just that the numbers are clearly lower than in the other threads.

House cost: €75,000 + €20,000 modernization, totaling €95,000
Equity after sale proceeds: €85,000 + €28,000, totaling €113,000
Net income: €3,900

Why are you considering taking out a loan here? Sell the plots and pay the house in cash, and then you'll still have €38,000 in reserve for the renovations. With €3,900 net income, you should still be able to build equity monthly afterwards. You don't have any installments to pay...

Somehow I don't understand the problem?

What are you thinking about taking out a loan here? Sell the plots of land and pay for the house in cash, then you still have €38,000 in reserve for renovations. With €3,900 net income, you should still be able to build up equity monthly afterward. You don’t have a repayment installment...

The money comes from an inheritance of my wife, so she has the decision-making power over it. Her wish was not to invest much of it into the house, and then we agreed on the current available equity plus a little more for the interest rate increase. From the remaining funds, there will also be a new kitchen, but that’s it. Personally, I would have preferred if we paid off the house with it and then "saved up again," but she flatly refused. Of course, it’s her right since it’s her money. Hence the financing with a low installment out of this need for security.