Is additional financing possible or necessary?

2018-05-09 08:53:34

I meant whether one should refinance beforehand if only the approximate amount of the budget overrun is available or only when the exact amount (e.g. upon receipt of the invoice) is known.

As I understood it, I should simply talk to the bank beforehand. As it looks (based on the offers), I will need about 3,000 euros more. Should I just build in a buffer for safety and then adjust accordingly if not everything is needed?

2018-05-09 18:09:55

I meant whether one should top up the financing beforehand if only the approximate amount of the budget overrun is known or only when the exact amount (e.g., upon receipt of the invoice) is known.

As far as I understood, I should simply talk to the bank beforehand. From what it looks like (based on the offers), I will need about 3,000 euros more. Should I just build in a buffer to be safe and then adjust accordingly if not all is needed?

I ask you. You either saved €3000 or one less trip to Turkey or take out an installment loan.

2018-06-11 06:43:36

clearly YES!

Apply for a small loan. You can also do it online at other banks. It will cost you 3.5%

Did your clear yes refer to the fact that I will probably receive a loan for additional financing in the range of 3-8k euros from the same bank? My only concern is that if the loan amount is not sufficient, I don’t want to be left unable to fully complete my construction measures. An additional financing would definitely be in the low thousand-euro range. Certainly, only the bank can ultimately answer this for me, but you also have experience, possibly.

My question is also, if I carry this out at the same bank as the existing construction financing loan, will my creditworthiness be meticulously checked again and will I have to submit all documents such as bank statements from the last three months, proof of income, etc. again, or will the creditworthiness be recalculated based on the existing documents, since I am already known as a borrower at the bank? At the time of taking out the existing construction financing loan, I was single, permanently employed with a net income of around 2,600 euros and had no debts, loans, etc. At the time of a possible additional financing, I would be married (my wife has a child, but I am not the biological father), would have only the construction financing as a loan, and the net income would remain about 2,600 euros net, and I would still be permanently employed.

2018-06-11 08:05:24

Did your clear yes refer to the fact that I will probably receive a loan for additional financing in the range of 3-8k euros from the same bank? My only concern is that if the loan amount is not enough, I don't want to be left unable to fully complete my construction measures. An additional financing would in any case be in the low thousand-euro range. Certainly, only the bank can ultimately answer this for me, but you also have experience, possibly.

My question would also be, if I do this with the same bank as the existing construction financing loan, will my creditworthiness be thoroughly checked again and will I have to submit all documents such as bank statements from the last three months, proof of income, etc. again, or will the creditworthiness be recalculated based on the existing documents since I am already known as a borrower at the bank? At the time of taking out the previous construction financing loan, I was single, permanently employed with a net income of around 2,600 euros and had no debts, loans, etc. At the time of a possible additional financing, I would be married (my wife has a child, but I am not the biological father), would have only the construction financing loan as credit, and the net income would remain the same at around 2,600 euros net, and I am still permanently employed.

other mothers also have pretty daughters! There are various small loan comparison portals! And yes, whether with the house bank or an external bank, every small loan is checked. Not as strictly as a loan because the purpose of taking it out is irrelevant. Whether your net income is sufficient for the small loan remains to be seen. Otherwise, two levers: you still have a husband who can gladly take it out or simply pay it off from the current net income. Then the last trade, which is usually the outdoor area, has to wait.

2018-06-11 08:31:37

Thank you!

That means even my local bank needs all the documents again for review, although they have already received everything for the construction loan?

The net income should be sufficient, shouldn't it?

2018-06-11 08:44:57

Thanks!

So even my house bank needs all the documents again for review, although they have already received everything for the construction loan?

The net income should be enough, shouldn't it?

Ask your caseworker. A 1-minute call: Hello Mr. Müller, I need €6,000 additional financing, preferably an installment loan. 1 What does it cost? 2 What documents do you need? You earn €2,600 net! That should be doable.

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Is additional financing possible or necessary?

Kimi190

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Kimi190

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Kimi190

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