Hmm, I can't find the edit button right now. Of course, in the previous post it should not say Besserwissern, but besseren Zinssatz. My phone probably wanted to bully me.
Hmm, can't seem to find the edit button right now. Of course, in the previous post it shouldn't say Besserwissern, but rather better interest rate. Looks like my phone wanted to bully me.
Just a different question on the side: if we include the carport and a canopy for the terrace in the building application (to save ourselves a later architect etc.), does that have to be built immediately from the financing side, or can you take 2 years for that. So, whether the bank will go along with that?
As always, it depends. Since you have solid financing with equity and good income, the bank will probably simply pay out the "remaining amount" after the construction is completed directly into your checking account. We had the same situation; there were still almost 50k outstanding. This was paid out without further inquiries, so we did not have to pay any commitment interest.
With the offers I have, that would be stupid. Because I have a commitment interest rate of 0.2% and an interest rate of 2%. If I do not draw the money, I pay less interest than if I hoard it in my account. Of course, if you have a commitment interest rate of 3%, it makes sense.