HilfeHilfe
2018-02-02 06:51:55
- #1
I don’t understand the argument about the residual debt insurance, I also believe that no reputable lender would accept a debtor who brings home less than 4099 net.
But what else comes to mind:
Don’t banks have a problem with houses with a right of residence? If the bank ever wants to liquidate it, the house loses value due to the right of residence, meaning: it is very difficult to sell, so rather well below market price. No bank would agree to that, right?
Yes, banks do agree to that. However, it could be that only 80% of the purchase price is financed with a right of residence.
Regarding the topic of residual debt insurance. I am not aware of it in construction financing. An RDI in consumer credit accounts for about one third, I don’t want to know what something like that could cost in construction financing.
Better to take out things like occupational disability and risk life insurance.