Home financing with interest loan and Riester or without Riester

2020-07-28 00:54:14

I absolutely can't understand a building savings contract in this case, since it has a worse interest rate than the annuity loan and also costs a closing fee. Get offered a pure annuity loan, that will definitely be cheaper. For us, the bank offers 1.45% interest and the building savings contract 0.7%, that's something different, but as it is, the building savings contract is certainly more expensive.

Where are building savings contracts so cheap?

2020-07-28 05:11:51

Building savings contracts bring banks high commissions, which you pay directly at the beginning. I would always prefer to pay off the loan directly and not set money aside (for probably 0% interest?). Have you addressed the topic of KFW with the banks? They grant favorable loans, but I am not involved in the topic of renovation.

2020-07-28 06:19:12

As long as the son and his girlfriend do not have high debts, the data is fine. Just search on the internet for a financial advisor. Whether Dr. Klein, Interhyp or Check24, they are very similar. Write to 2-3 and see which financing offers they create for you.

2020-07-28 06:40:49

Hello What do you mean by intermediary?

As my predecessor said, just consult an advisor. You should not enter into products you do not understand, e.g., Riester and building savings contract. Have you been informed about the advantages and disadvantages of Riester? I also miss KFW as renovations are being done. Possibly also interesting for you.

2020-07-28 07:58:08

Just a quick question about Riester: Didn't you forget in your calculation that the received subsidy (the housing promotion account) is interest-bearing at 2% annually? That constitutes a significant portion of the costs. You have to have very little income at retirement to still come out ahead with the lower taxation.

2020-07-28 08:46:03

Where are building savings contracts so cheap?

Well, that was 2016, you won’t get that anymore. I just wanted to say that the building savings contract should be cheaper than the bank loan for it to be worthwhile at all. We even still have 0.25% interest on the balance. The closing fee today is certainly still 1% of the building savings amount, which you have to save first, but that only works if the interest rate is lower than at the bank.

Similar topics
18.02.2016	Survey: Which of you finances with TA loans?	18
13.03.2016	What financing options are available for new construction?	12
27.05.2016	Have financing offers reviewed	20
22.12.2016	Financial planning for repurposing	24
17.01.2017	Is the financing feasible?	29
09.01.2017	Buying Real Estate!? - Planning and Decision Making	18
14.05.2018	Which financing option should I choose?	31
27.06.2018	Is a combined building savings loan sensible?	24
28.09.2018	110% financing in one or two loans?	68
27.07.2018	Evaluate financing offer	10
27.08.2018	I am looking for a good offer for home financing	30
06.01.2021	Purchase from the developer at the end of the year - Financial assessment	12
28.02.2022	Current financing offer from the house bank	173

Home financing with interest loan and Riester or without Riester

Numborner

Osnabruecker

Ybias78

HilfeHilfe

Stefan001

Gelbwoschdd