How to finance?

Hello Sabrina,

of course you still have a chance. The way is simple.

If your Schufa is a problem, you need to agree on a separation of property.

However, this can affect the approval of funding.
This is usually not a problem, as there are KfW funds that also have good interest rates.

This does not change the bank's creditworthiness requirements but the legal view of the family situation.

Equity (land) is fantastic. Not many builders have that. Don't let yourselves be driven crazy. If you want to set up financing, pay attention to the right model. Security comes first for you.

That means ALWAYS KNOW WHAT YOU HAVE TO PAY! No renegotiations after 10 years!

I deal with these problems daily. So no speculation, but experience.

Best regards

Stein auf Stein;)

Hello,

If your Schufa is a problem, you have to agree on a separation of assets.

On what "thin" board are you sailing to give such a recommendation, AWD?

Questioning regards

Hello construction expert,

that's how it is when you don't understand much about the matter.

A separation of assets only has to last for one year.

Subsequent owners in the land register are not a reason for loan termination.

Of course, Sabrina also has other things that don't fit,

but I won't explain everything either.

The bank doesn't even have to agree to that.

AWD no, 16 years successfully self-employed.

Best regards

Stone by stone

Hello,

a factual argument would certainly have been more appropriate.

I would have expected that from you – if you had carefully read Sabrina's posts, you would have refrained from the reference to "separation of property" (which does not work from one day to the next and does not bring anything useful for financing in the short term) and instead given her another, reasonable piece of advice.

I could respond factually now, but it’s not worth it, stay a renter.

This is not about my personal housing situation but about giving users in the forum serious guidance/advice/if applicable, recommendations.

Kind regards

Yes, that's true your comment was very helpful.