Financing Single-family house 520TE current market situation / year-end business banks?

On Thursday is the ECB's key interest rate decision where it will be increased by at least 0.5 or even 0.75. So if financing, then preferably by Wednesday.

The expectation is already priced in anyway.

... Just do it. Your advantage is that even more income can be generated through re-entry into work. Then it will be fine.

I can confirm that. A few months ago, when we also put our numbers up for discussion here, we scrutinized every penny twice because my wife was on parental leave and the parental allowance already expired in June. Meanwhile – less than a year has passed – my wife is working full-time again, and we are already considering whether we should make special repayments on the property loan that has been running since 2018, even though we are still in the middle of building the house. Now unexpectedly 3k remain in the account every month. The financial cushion for the project is already available, and it’s easy to come up with silly ideas like "buying this and that." Better to make special repayments to reduce the outstanding debt, so that when it comes to follow-up financing, you can sit back more relaxed in your chair.

The expectation is already priced in anyway.

I also rather suspect that the fears of recession outweigh and that in the medium term (2023) we will see stable interest rates if anything.

I can confirm that. A few months ago, when we also put our numbers up for discussion here, we turned over every penny twice because my wife was on parental leave and the parental allowance already expired in June. Meanwhile – less than a year has passed – my wife is working full-time again and we’re already considering whether we should make special repayments on the property loan that has been running since 2018, even though we are still in the middle of building the house. Now, unexpectedly, 3k remains in the account every month. The financial cushion for the project is already there and you quickly get silly ideas like “buy this and that”. Better to make special repayments to reduce the remaining debt; that way, you'll be more relaxed when it comes to the follow-up financing. I ALSO SUSPECT that recession fears predominate and that we will see stable interest rates in the medium term (2023).

Thanks for the encouraging words… I think you first have to get used to it. House, loan, garden, all new and unfamiliar.

Thanks for the encouraging words… I think you first have to get used to it. House, loan, garden, all new and unknown

Depending on the industry you work in and how secure your jobs are, you can also expect corresponding wage increases in the face of sustained high inflation, which practically "automatically reduces" your debts. As mentioned, if the jobs are relatively secure, this is also an aspect that adds value to the project. You will get used to the house faster than you like, and the loan will move into the background; you can then enjoy the garden completely relaxed. The prerequisite is, of course, that you know what kind of substance you are buying ;-)

Depending on the industry you work in and how secure your jobs are, with persistently high inflation you can also expect corresponding wage increases, which practically "automatically reduce" your debt. As mentioned, if the jobs are relatively secure, this would also be an aspect that benefits the project. You get used to the house faster than you like, and the loan fades into the background; then you can completely relax and enjoy the garden. Of course, the prerequisite is that you know what substance you're buying ;-)

so it's certainly not the property itself. We were inside with an architect and an expert independently of each other. Basically, solid, nothing wrong with it. Theoretically, you could move in like that :) it's just all a bit old-fashioned