How many offers and how far do they go?

And even these tough inquiries do not cause any credit deterioration.

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

Correct, if the provider is reputable. I once had a loan broker at the table who wanted to make the "hard inquiry" for the first offer already. We did not become friends...

So just be careful and do not blindly sign a Schufa clause immediately with the offer request

Hello,

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

I would always recommend that you obtain a maximum of 3 offers. One from your main bank, one through an independent financing broker, and one through an insurance company. Anything beyond that is produced solely for the filing cabinet "P."

It is initially sufficient to have one or two targeted discussions with the respective financial service providers (you must of course bring the required documents), which generally end with the tenor: "Creditworthiness assumed, we will finance your construction project under conditions xyz with terms yxz." If KfW funds are to be used, it is usually added that the credit commitment is only binding once proof has been provided; for KfW 70, for example, the form 153 has been submitted.

Only when you are sure that you want to finally decide on a provider should you also finalize the financing.

Rhineland regards

And even these tough requests do not cause a credit deterioration.

I wouldn't agree to that!

We had previously obtained 5 offers. 2 from banks 2 from intermediaries 1 from insurance company Then one intermediary and the insurance company emerged. We then harassed them at irregular intervals (as the planning kept getting delayed). In the end, it was decided at short notice to go with one intermediary, although the insurance company even had slightly better conditions.

Who did you ask? The house bank? It is usually more expensive, I would ask brokers and also an online bank. Too many offers is also not so great

Why is the house bank usually more expensive? For us, it had the same offer as the cheapest online bank.... And when I sometimes read about problems with payout, proofs, etc. at online banks, I tend to prefer the house bank. Even if they are 0.01 worse.