Financing request single-family house price €365,000

And yet the parents' house could be contractually used as collateral, but the financing completely without equity loan for that very house, right? In other words: a large loan for the house to be purchased and a small loan for the renovations of the house to be purchased. Isn't that so?

But that's exactly how the two offers look. Large loan for you, small loan for the parents' house (for the renovation). Just not through KFW, but through ING or the pension scheme. The VZN loan for €100,000 has better conditions than the comparable KfW loan.

But that's how the two offers look. Large loan for you, small loan for the parents' house (for the renovation). Just not through KfW, but through ING or Versorgungswerk. Whereas the VZN loan for €100k has better conditions than the comparable KfW loan.

Sorry, I don't understand. What does a loan for the parents' house mean? I don't want a loan for the parents' house, but a small loan for the renovation of the house to be purchased. Why does the parents' house come up there? It's about the renovation of the house that is being bought. I am obviously completely at a loss.

The small loan is not needed for the "Renovrierung," but for the incidental purchase costs and non-financeable items, like the new kitchen.

Our main idea as absolute laymen in this field is to finance the house price including incidental construction costs with Hypovereinsbank and the renovation costs through a KfW loan.

However, the main idea of financing the incidental purchase costs is not reflected in the offers. It says that you have to put in your entire 30,000 equity. Did you notice that?

The small loan is not needed for the "renovation," but for the ancillary purchase costs and non-financeable things, like a new kitchen. The core idea of financing the ancillary purchase costs is not reflected in the offers. It says that you have to bring in your entire 30,000 equity. Did you notice that?

Yes, I think this will probably be unavoidable regarding the ancillary purchase costs, as we obviously need to be grateful to find any bank at all that will lend us money for our project. But then why does the parents' house come up? Are they supposed to take out this loan in their name? I just don’t understand.

Yes, I think this will likely be unavoidable regarding the incidental purchase costs, as we obviously have to be glad to find any bank at all that will lend us money for our project.

No, it can be done differently. Most banks should be able to make you an offer.
But for incidental purchase costs, interest of 6-7% will then be due. The kitchen can be financed correspondingly later at the kitchen studio at a higher price.
If you want it cheaper, you have to trick with the parental house. Or use the existing equity for the incidental purchase costs as well. That’s what it’s for.

But then why does the parents’ house come up? Are they supposed to take out this loan in their name? I just don’t understand.

But you said in the initial post that you want to have the parental house pledged:

originally, we wanted to use my wife’s parents’ promised single-family house as collateral.

Are you and the parents even aware of what that means?

Addendum:

At the last appointment, however, we mentioned that we no longer feel so good about it and would like to leave it out.

Good. But then make it clear to the advisor that he has to prepare a new offer.

I agree with the advice that you should look for another advisor whom you understand better and who understands you better. The chemistry is not right.

Yes, everything can be done differently. Most banks should be able to make you an offer.
But for ancillary purchase costs, interest of 6-7% will then be due. The kitchen can accordingly also be financed later at the kitchen studio at a high cost.
If you want it cheaper, you have to trick with the parental house. Or use the existing equity capital also for the ancillary purchase costs. That’s what you have it for.

But you said in the initial post that you want to have the parental house pledged:

Are you and the parents even aware of what that means?

Does tricked mean that they have to take out the loan in their name?

I don’t think it’s clear and that’s why I just want to keep my distance from it – besides the conscience component.