Financing with or without KFW124

Congratulations on the salary, I am also an engineer. 43, almost 18 years of professional experience. I can only dream of your salary. East, after all :- ( May I ask which region you work in and which industry?

In Baden-Württemberg, electrical engineering/information technology sector. Payment according to IG Metall collective agreement. Here you get more, but you pay 500k for an apartment. Don’t know what is better. Accrued gains also apply to debt repayment. According to the lawyer, an entry in the land register in a marriage without separation of property has little significance; legally, you are entitled to 50% of my salary. The loan contract is now finalized. 1.2% interest, 10% special repayment, and 20-year term without KfW. That suited me best.

Accrued gains also apply to the repayment of debts. According to the lawyer, an entry in the land register in a marriage without separation of property has little significance, as legally 50% of my salary belongs to her.

You have to decide for yourselves what to do, but I couldn't live with it if I were your wife. In the event of a separation, she has no say in what happens to the house. For example, you could simply evict her and pay her off. You could also sell the house without her being able to do anything about it. Even if she would like to continue living in it and could also afford it financially.

One more thing about the accrual compensation. Yes, the wife receives the same value amount whether she is registered in the land register or not. In one case, the share of the house, in the other case, money. Both have advantages and disadvantages. If she is not registered in the land register, special payments such as inheritance or gifts are taken into account equally in terms of value without having to change the ownership shares. Furthermore, it is easier for her to get her money after the divorce, because the pension adjustment is subject to garnishment. If she is registered in the land register, the ownership community remains after the divorce. This can really annoy the other party, and if someone wants money, they have to apply for a forced auction.

In Baden-Württemberg, electrical engineering/computer science industry. Payment according to IG Metall tariff. Here you get more, but you pay 500k for an apartment. Don't know what's better there.

Accrued gains also apply to the repayment of debt. According to the lawyer, an entry in the land register in a marriage without matrimonial property regime has little significance, legally 50% of my salary belongs to her.


Loan agreement is now done. 1.2% interest, 10% special repayment and 20 years term without KFW. That was my preference.

Sure. In Dresden, there are no decent apartments under 500k either. Houses start at about 600k for something decent. However, there is a lack of about 2 x 1000 in salary level everywhere.

1.2% for 20 years at the loan-to-value ratio doesn't sound so good... :-( The KfW thing is also suspicious to me, what remains is a high risk of what happens in 10 years. You can be lucky and you can be unlucky.....

Asked many brokers and also talked to a bank; they said if they get the conditions, they will take it, but we can't manage it. 1.2 is apparently really okay with 80% loan-to-value and sole debtor. You have to consider that the contract is only in my name, 1100€ installment and 10% special repayment.

Regarding salary, it also depends on the company. In the region, there are companies that pay much less and are of similar size. Fortunately, my employer understands that the most important capital is the employees. Oh yes, and IGMetall is also in a certain position of power.

I asked many brokers and also talked to a bank; they said if they get the conditions, they will take it, we can't manage that. 1.2 is apparently really okay with 80% loan-to-value and sole debtor. You have to keep in mind, the contract is only in my name, €1100 installment and 10% special repayment.

Regarding salary, it also depends on the company. In the region, there are companies that pay much less and have a similar size. Fortunately, my employer understood that the most important capital is the employees. Oh yes, and IGMetall is also in a certain position of power.

At ING I get 1.05% for 20 years with a 20-year fixed interest rate. I'm at about 78% financing. I find 1.2% a bit much.