FEKU HH
2013-04-23 20:11:30
- #1
Hello,
I just came from the tax advisor and am still totally stunned by what I heard.
We (both around 30) were actually about to buy a condominium (approx. 240,000 EUR) in Leipzig. Nice financing offered through government subsidies at 1.3%, Denkmal AfA on top - all good. (Full repayment in 15 years with a monthly expense of approx. 1,000 EUR)
Now the tax advisor tells me that, for example, Deutsche Bank in connection with Züricher Versicherung is supposed to offer the following construct:
- Pay in 500 EUR monthly for 5 years --> 30,000 EUR (then nothing more!!!)
- After 10 years, the bank doubles the amount through investment to 60,000 EUR
- After 20 years, another doubling to 120,000 EUR
- After 30 years, the bank transfers the apartment to us, as 240,000 EUR is reached
The whole thing is secured by a term life insurance, so that death is only an emotional, but not an economic disaster.
Have you ever heard of something like this? Sounds somehow too good to be true?
Best regards,
FEKU
I just came from the tax advisor and am still totally stunned by what I heard.
We (both around 30) were actually about to buy a condominium (approx. 240,000 EUR) in Leipzig. Nice financing offered through government subsidies at 1.3%, Denkmal AfA on top - all good. (Full repayment in 15 years with a monthly expense of approx. 1,000 EUR)
Now the tax advisor tells me that, for example, Deutsche Bank in connection with Züricher Versicherung is supposed to offer the following construct:
- Pay in 500 EUR monthly for 5 years --> 30,000 EUR (then nothing more!!!)
- After 10 years, the bank doubles the amount through investment to 60,000 EUR
- After 20 years, another doubling to 120,000 EUR
- After 30 years, the bank transfers the apartment to us, as 240,000 EUR is reached
The whole thing is secured by a term life insurance, so that death is only an emotional, but not an economic disaster.
Have you ever heard of something like this? Sounds somehow too good to be true?
Best regards,
FEKU