Financing project for a single-family house in Münsterland

2018-04-19 22:08:52

Get three quotes, take the best one. That is then "okay," no matter what is said in any forums. Professionals get quotes from their main bank (if they have one), from the broker, and from an insurance company.

The interest rate chart from Interhyp shows 1.9% for 15 years today. In that respect, 1.8% would already be good ...

2018-04-19 22:18:45

I see it differently. I approached various brokers, local banks, and direct banks myself, and it was really worth it. Interhyp, for example, was not particularly good, Dr. Klein had virtually the same range, so it was nothing either. In the end, it was a smaller broker with special conditions at an insurance company. Many insurance companies, interesting for long-term financings, do not have their own sales force and only do it through sales partners. This was also the case with local branches of insurance companies that are not listed anywhere online and cannot be found at Interhyp, etc. This is the biggest (private) deal you make, and with the high amounts, a hundredth quickly adds up to €10,000. In my opinion, only 3 offers are too limited. Interhyp told me online “back then” 2.1, and I got 1.95. But next time it could be the other way around.

2018-04-20 07:27:13

Interhyp said online to me "back then" 2.1 and I got 1.95. But next time it could be the other way around.

Back then, meaning when we closed, the interest rates were rising daily (and later went down again :P). That means: there can be other reasons why you get a different interest rate with another provider. Still, you are of course right again -- it is worth comparing! :-). What I also wanted to say: Don’t ask on the internet, but get comparison offers! Whether an offer is too expensive is only clear if you have a cheaper one on the table.

2018-04-20 07:29:16

I see it differently. I approached various brokers, local banks, and direct banks myself, and it was really worth it. Interhyp, for example, wasn’t particularly good, Dr. Klein had basically the same range, so that was nothing either. In the end, it was a smaller broker with special conditions through an insurance company. Many insurance companies, interesting for long-term financing, don’t have their own sales force at all and only do it through sales partners. This was also the case with local branches of insurance companies that are not listed anywhere online and can’t be found at Interhyp, etc. This is the biggest (private) deal you make and with such high sums, one hundredth quickly amounts to €10,000. In my opinion, only three offers are too few. Interhyp said online to me "back then" 2.1 and I got 1.95. But the next time it could be the other way around.

I can confirm that... you think the big players have EVERYTHING on offer. That’s not the case... sometimes I also have the feeling that they prefer to broker the ones with the highest commission.

2018-04-22 11:26:49

We still have an appointment with the house bank, but I have now searched further on the internet and comdirect seems interesting, with a 15-year term there is an interest rate of 1.54%, which would be fantastic. If I set the term to 20 years, it is 2.12%. What makes me a little suspicious. Well, I will make an inquiry there, then it will show whether they can really maintain the interest rate.

2018-04-22 12:52:59

We still have an appointment with the house bank, but I have now searched further on the internet and comdirect seems to be interesting, with 15 years there is an interest rate of 1.54%, which would already be fantastic. If I set the term to 20 years, it is immediately 2.12%. What makes me a little suspicious. Well, I will make an inquiry there, then it will show whether they can really maintain the interest rate.

Why? Do people want to commit for 15 years

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Financing project for a single-family house in Münsterland

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