Ground charge ordering - notary contract, ground charge...

Well, since it is a BT and the equity is already considerable, I would say the deal is on. You will not get better conditions due to the then higher net income. What is checked is whether the liquidity is sufficient. If yes, then good; if no, then there is no loan. So do it as usual. Make the loan agreement with the bank and schedule the notary appointment within the 14-day withdrawal period.

well, with a home financing you assume 30 years until it is paid off, if 1-2 years are a bit tight, it’s not that bad when you know that 90% of the term would be easy to manage.

I would find it "bad" if both were already working full time and the joint net income would be 3,700 EUR!

Really? I personally don’t think much of a financing that is based on contingencies.

Either I have the money now or I don’t, and financing 400k with 3.7k net I find (at least) ambitious. If the woman then has a permanent contract or is tenured, of course the situation looks different again.

Hey

of course, you can paint everything in a "negative" light.

The question is, how good are the job prospects for "teachers"???? (how many thousands of teachers are currently being sought????)
That should also be taken into account in such a plan! and many other factors.

So, a 400k financing permanently with 3.7k net I also find very ambitious (see other posts) but we should not only see the "negative" here, but also the "positive".

So if she already has passed the first state exam, i.e. she is almost at the "finish line".
Even if she still has to do the trainee teacher phase (by the way, there is also MONEY for that = then they would already be at about 4.2k net) and afterwards it's over 5k, rather 5.5k net.

Under these conditions, I would take the RISK and do it!

Because if they wait another 2-3 years, they will have to invest 30-50k more than today's prices! (In the next 2-3 years one can still expect the same price increases as in recent years, so EXTREME!)
In addition, interest rates may rise in 2-3 years, if it’s 0.50% more, that would be about 160 EUR more per month in interest, so also higher burden than today!

So please consider these factors too!

PS. Of course, you can also have people who currently have 6k net. These people can also become "unemployed", or other misfortunes may occur, i.e. there is always RISK, even if it is of course somewhat higher here than immediately with 6k income!

So, she is currently taking her first state exam. From March, my net income will increase to 3900 with about 13.3 salaries. This is not the end of my salary, at 29 years old I am still at the beginning, my company pays according to IG Metall and I work as a programmer or electrical engineering engineer. In the financing, only 12 salaries are calculated, the rest serves as security. The worst case would be that she does not pass the state exam. However, even during training you get 600€ net. It's not like she will never earn money within the financing.

Hello NoggerLoger,
I have to ask out of curiosity,
what is the current status here?