ElaNi
2016-01-09 22:20:31
- #1
I would need some opinions on my financing 'problem':
We planned to buy a house for 230,000 euros. With low renovation costs (around 10,000 euros) plus additional costs, the loan amount would be estimated at around 265,000 euros (without a broker, from private). With this information, I contacted a mortgage broker. The offer was a mixed interest rate (KFW, private loan for additional costs, and regular loan) at 2.6% with a monthly rate of 1,250 euros without KFW repayment.
I don't know the term, I requested a 1% repayment.
So - I then declined, but today I reconsidered because of a newspaper article, used a common repayment calculator, and according to the data, I would have a rate of around 800 euros??????
Now I am really annoyed, that would have been my dream house and our market is so empty, that was the opportunity... So, where is my mistake?
Thank you very much.
We planned to buy a house for 230,000 euros. With low renovation costs (around 10,000 euros) plus additional costs, the loan amount would be estimated at around 265,000 euros (without a broker, from private). With this information, I contacted a mortgage broker. The offer was a mixed interest rate (KFW, private loan for additional costs, and regular loan) at 2.6% with a monthly rate of 1,250 euros without KFW repayment.
I don't know the term, I requested a 1% repayment.
So - I then declined, but today I reconsidered because of a newspaper article, used a common repayment calculator, and according to the data, I would have a rate of around 800 euros??????
Now I am really annoyed, that would have been my dream house and our market is so empty, that was the opportunity... So, where is my mistake?
Thank you very much.