House buying - No idea what one can afford

The following can currently be rather neglected. With us, it was I believe €1200 for 8.5 months of construction time. It becomes more expensive if the construction time exceeds the interest-free provision.

Which can currently be rather neglected. For us, I think it was €1200 for 8.5 months of construction time. It becomes more expensive if the construction time exceeds the interest-free provision period.

However, even here, depending on where you build and with which bank, the ranges are currently very large. We would not pay any provision interest if we conclude the contract now until the end of December 2017.

Even if the 0.7%

Here I have also read that one must even ask whether it is worth saving up the incidental construction costs first in times of low interest rates in order to then finance 100%, compared to financing directly 110/120%?

The difference between 100% and 110% can already be 0.5% or more (based on the entire loan amount).

Equity must be proven at the conclusion of the financing: or the loan-to-value ratio is then determined.

What you then still save, let's say during the construction period, is also good; but does not change anything about the financing.

Even if the 0.7%


Difference between 100% and 110% can already be 0.5% or more (based on the total loan amount).

The equity must be proven at the conclusion of the financing: or then the loan-to-value ratio is determined.

What you then save, let's say during the construction period, is also good; but does not change the financing

Most banks did not offer us 110%, and from 100% it became significantly cheaper. Due to a relatively high income and high repayment rate, I received similar terms that are often mentioned here for 80%.

Saving up equity would not have made sense for us, and I generally consider it not sensible at all, at least for high incomes, which I would rather not count the OP among at the moment.

high repayment

Just to put it into better perspective. High repayment means more than 4% initial repayment, right?

And did you ask directly at banks or also through intermediaries?

Just to put this into better context. High repayment means more than 4% initial repayment, right?

And did you ask directly at banks or also through intermediaries?

Yes, the optimum was between 4% and 5%. We asked our house bank and Interhyp. Much better offers came through the latter, and it was more transparent.