Home Security/Asset Savings Plan

  • Erstellt am 2020-09-13 10:28:00

Projekt1809

2020-09-13 10:28:00
  • #1
Hello everyone,

Does anyone know the terms Haussicherung/Vermögenssparplan? We were told during the financing process that you have to take out something like this >must< in order to cover repairs on the house or missed installment payments. If nothing happens, the money is refunded, but initially it costs a closing fee (over 3500€) and is supposed to be balanced out through stocks/funds over the term...

However, we have not found the term Vermögenssparplan anywhere else in the context of home financing. We were told that nowadays you have to do this. In principle, something like this sounded good at first. But since we can't find anything else, the statement with the "must" makes us suspicious. Have you also had to do something like this or similar? Maybe under a different name?

Best regards
 

nordanney

2020-09-13 10:52:13
  • #2
Nonsense. There's nothing more to say about that. Put aside some money for possible repairs at some point. However, the money will not be needed in the first 10 years. Then perhaps cosmetic repairs, and from year 20 something might happen (e.g., heating).
 

BackSteinGotik

2020-09-13 11:05:43
  • #3
Sounds like a typical sales pitch. I would have definitely declined at the latest after "closing fee." If you want to save and provide for yourself – in the sense of your own maintenance fund, which certainly isn't a bad idea – then do it on your own initiative. You can certainly put a part of it in ETFs or similar for the further future, but otherwise, top up your general reserve fund for a new car, teeth, washing machines, and other repairs, etc. for the house accordingly.
 

Projekt1809

2020-09-13 11:42:38
  • #4
Thank you for your answers. As mentioned, we were also surprised that we could not find this anywhere else, but were assured that this "must" be completed in a modern house construction. However, this is said to be the case only recently.
 

nordanney

2020-09-13 12:32:18
  • #5
If the compulsion exists (which neither legally nor for any banking reasons does), then change the financing partner. Because the current one only sees their commission and financially takes advantage of you.
 

Pinky0301

2020-09-13 12:54:38
  • #6
We have also fallen for something like that before. The bank told us that we would not get the loan if we did not take out [RLV]. In retrospect, total nonsense, since the [RLV] is not even mentioned in the loan agreement.
 

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