House purchase with construction loan repayment rate

Mine is the HVB. You can expect a bit more there... at least that's what I thought.

mine is HVB. You can expect a bit more there...at least that's what I thought

Change the strategy. So I have been with the Commerzbank for a long time. For an initial offer, I first inquired at Dr. Klein, and with their offer in hand plus all necessary documents (plans, financing needs, detailed offer from the general contractor), I then showed up at Commerzbank with the question: "do you want to compete?"

The answer after a short time: "yes." There were even the display conditions plus, on request, an extended commitment period.

I am satisfied with HVB and have contractually supplemented or included some points that were important to me. It was all no problem. Moreover, they had the best conditions anyway.

However, when craftsmen and materials were very much delayed due to Corona and I had to pay commitment interest from April, they didn’t budge at all. And that despite a state-ordered deferral of loan installments, and I am quite of the opinion that this is comparable to the commitment interest.
So since April, I have been paying 0.25% on the 40,000,- that have not yet been drawn.
It’s not the end of the world, but it is a bit annoying.

By the way, "Bestes Angebot" of course does not only refer to the interest rate, but also to criteria that might be important to you: repayment rate changeable at any time, special repayments, etc. If in doubt, you can read reviews about the desired bank on the internet beforehand.

I can understand your concerns. On the other hand, the problem is as described:

The current €800 is not sustainable, we need to move. The next apartment of a reasonable size will certainly cost around €1200 including heating.
Yes, you are right, the €600 that are then still missing to cover the costs for the house including additional costs and reserves, we would have to 1. save less or/and 2. consume less or/and 3. finance through the granny flat.

The question would be whether it really makes more sense to give the money to a landlord, only for it to be gone.

Special repayments would be made over the years by father and mother, we will not have to provide them ourselves.

And what else we have looked at here in terms of junk houses for way too much money... Boy, oh boy. You always end up at half a million here if you want something decent. Or renovate something old.

When I hear: "Family pays for extra repayments," it makes me sick. Either you can afford the house yourself (pay off the loan) or not. Bringing the parents on board now, to put it mildly, is stupid.

You are both 35 and 40. Isn't it time to give something back to the parents and not continue to be a burden on them? Sorry, but things like that upset me.