HomerJay
2010-11-16 17:58:54
- #1
Good evening,
I have been reading through here for a few days and have a question about financing.
The interest rates are currently pleasantly low and one would like to secure this rate for a long time.
Now we have obtained offers from our 2 main banks and both told us that you can secure the rate for a maximum of 10 years. Anything else would be unprofessional.
Is that correct? In fact, the bank with the longest term I have found so far offered 15 years.
Our construction project costs 295,000 euros, we only have just under 20,000 euros in equity.
Have a nice evening
I have been reading through here for a few days and have a question about financing.
The interest rates are currently pleasantly low and one would like to secure this rate for a long time.
Now we have obtained offers from our 2 main banks and both told us that you can secure the rate for a maximum of 10 years. Anything else would be unprofessional.
Is that correct? In fact, the bank with the longest term I have found so far offered 15 years.
Our construction project costs 295,000 euros, we only have just under 20,000 euros in equity.
Have a nice evening