How many offers and how far do they go?

Hello,

how many loan offers do you compare each time or have you compared? How far do you go -- up to the signable loan agreement or do you settle for a loanproposal?

We have received two proposals, each of which has undergone a preliminary check (property and creditworthiness). Whether a binding loan offer will actually follow is open. Probably yes, but apparently you can't be 100% sure (used property, high price and high loan-to-value ratio).

Hello!
First of all, you need to be clear about what you want! Long security = long fixed interest period. Small annuity = low repayment, etc.

Given the interest rate level, I recommend a long fixed interest period, a higher repayment rate (at least 2%), and special repayment rights.

Whom have you asked? The house bank? That should generally be more expensive. I would ask brokers and also an online bank. Too many offers are not so great either.

Regardless of the draft, I would get a maximum of 5 proposals. 2 intermediaries and the 3 favored banks. Usually, you then have a Volksbank, a Sparkasse, and a private bank. Among the intermediaries, it is usually a direct bank or insurance that gets involved.

And the entire process up to the contract only with the one bank you actually want to do it with. It is simply too much effort for the providers to work for around the clock. You wouldn’t want that either.

Schufa entries en masse?

Schufaeinträge en Masse?

Credit inquiries are a) irrelevant at Schufa and b) disappear again after 14 days.

The rumor of "worsening conditions" seems to persist like an old wives' tale.

Correct. The "hard" inquiries occur during a proper examination. This does not happen with 5 loose offers.