First save for building and build in 10 years

  • Erstellt am 2014-03-11 15:26:32

Henny0710

2014-03-11 15:26:32
  • #1
Hello forum members.

I would like to hear your opinion on whether a building savings contract makes sense at the moment if I want to build in 10 years.

It is about a product from the second largest building society (red).
Currently, the interest rate on the loan is 1.35%. The fee is, as with everyone else, 1% of the building savings amount.

A friend through whom I could conclude the contract offered me to reduce the 1% costs at the conclusion by half by giving up part of his commission.

That means, for a €150,000 building savings contract, the contract would normally cost me €1,500. So now only €750.

The building saver is credited with 1% interest. Although not much, I currently don't get any more on my overnight money account!

What do you think?
 

backbone23

2014-03-11 15:33:31
  • #2
If you want to build securely or buy a property, it makes sense to conclude a building savings contract today.

If you can save something on the closing fee, that is of course good, even 1% interest on the building savings contract balance is not bad.

But pay attention to how the building loan must be repaid later. Make sure the repayment amount does not become too high and you cannot service additional loans for the house.
 

Similar topics
30.10.2008Bank loan vs building savings contract?11
10.04.2012Financial plan with a building savings contract or with risk?12
25.03.2015Financing exclusively through a building savings contract12
28.06.2015Building a house - building savings contract with bad interest rates23
14.07.2020Beginnings of a possible property | Questions about the building savings contract72
28.11.2015Building savings contract with advance loan versus annuity loan13
29.05.2016Conditions for Riester home savings contract - What interest rate?16
02.06.2016Multifamily house - Building savings contract & pre-financing sensible?24
27.06.2016Building savings contract or annuity loan - final decision!45
22.01.2017Which financing option, TH or building savings contract?23
18.01.2018Annuity loan vs. home savings contract - comprehension questions47
27.02.2018Old home savings contract - what should you do with it?31
27.02.2018Buying a house - Are we creditworthy? Building savings contract?14
06.03.2018Building savings contract and Wohnriester - Where is the catch here?28
28.05.2018Annuity loan vs. building savings contract 300k loan10
21.11.2018Financing with a building savings contract?18
01.06.2019Financing with grace period loans + building savings contract50
16.04.2020Building savings contract as interest rate protection or put the money into special repayment?10
02.07.2020Annuity loan or interest-only loan in connection with a home savings contract14

Oben