House purchase with construction loan repayment rate

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

Everyone as they please. The days of broad advancement for everyone are long gone; families have to make sure that the standard of living for the next generation can at least be maintained. That can also mean supporting the offspring. Without this, in many cases, nothing would work anymore today.

Everyone as they please. The times of broad advancement for all are long gone, families have to ensure that the standard for the next generation can at least be maintained. That can also mean supporting the offspring. Without this, in many cases, nothing would work anymore today..

Correct. Although here we are talking about a luxury good and not a necessity...

The loan of €220,000 has a calculated term of 30-31 years with a monthly rate of around €660 and an interest rate of about 0.8%. It will be paid off earlier (preferably after no more than 25 years) through special repayments, the money for which will become available in the coming years.

Simply put, 6*12*€660 in special repayments are needed to reduce the calculated term by 6 years. (Compound interest aside, but that plays a role for you).

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

Can't they just give you the €50,000 directly in advance?

The question would be whether it’s actually better to give the money to a landlord, only for it to be gone.

One would think that in times of the internet this generic 0815 clause from realtors, made for dullards, would be endangered with extinction – but apparently not, as often as I still read it. With this harakiri financing, you’d better give it to the rich landlord who then plays around with it in his golden bathtub.

Very interesting how opinions differ here. From harakiri to well affordable even without a granny flat. Well, what am I supposed to make of it now.

It remains that nearly a third of the income goes towards repayment. According to the internet, that's okay, according to some here definitely not. Hmm... I don't know.

And on the topic of parents: I know many people whose parents gave several tens of thousands of DM in the 70s, which was normal, and I rather have the feeling that this is no longer so common today. But my feeling could also be wrong.

Users each have their own risk perception. And rules of thumb like 1/3 of the salary are rules of thumb and not absolutes - they do not include the reality called "life." In the end, you have to know what risk you want to bear.

Only the "thinking" should not be determined by casual phrases like "1/3 of the salary" or "rent is wasted" money. The world is much more complex.