Hello Dennis, my fiancée and I did the same as you. :-) We first secured the plot of land, since our desired community does not reserve plots. For this, we fully financed the land, and in hindsight that was better. Because our equity was about the same (or rather SMALLER) than yours, the bills come faster than you can blink. We have already reached about 10% additional costs just with the land. If you want to borrow the money in one lump sum, it’s not that easy. You have to present the bank with finished plans, cost estimates from the architect, living space calculation, and so on beforehand. By the time you have everything, you’ve already spent your savings. And in the worst case (which was our biggest concern) the desired plot is gone... Through the double financing we have the possibility to fix one loan for, say, 10 years and the other for 15. The only disadvantage I can think of is that we have to register/pay the mortgage with the bank twice. Regards Alexander