Is financing a condominium without problems feasible?

But you know that you have to pay a so-called "second rent," the house charges. And your gas too. In this respect, if at all, I would pump the equity properly into the financing.... You must own furniture, right? Who buys furniture for 15000€??? :o Or do you mean the kitchen? Regards, Yvonne

So simply finance €100,000. Then I would have a cold rent of €450 and would pay for 34.2 years.

They say the repayment rate shouldn't be higher than the current cold rent.

That results in 4.02% interest?!? What does your house bank want to sell you there?

Have you dealt with the service charges for the condominium?

But you know that you have to pay a so-called "second rent," the service charge.

Then I expressed myself incorrectly before. The annuity should not be higher than the basic rent.

You will own furniture, right? Who buys furniture for €15,000??? :eek:
Or do you mean the kitchen?

The furniture is already 8 years old. I wanted to buy everything new then. So kitchen, bedroom, living room, and other furnishings.

That results in 4.02% interest?!? What does your house bank want to sell you there?

Quite possible because I fixed the interest rate completely. Besides, I was told that if the loan-to-value ratio is higher, better conditions can be offered. But I think that's due to my Schufa. In my younger years, I lived on credit and had many credit cards, plus a low salary.

How long should I fix the interest rate in my case? Maximum 10 years and then renegotiate? What do you think?

Quite possible because I fixed the interest rates completely.

Sounds like you don't actually know that. Sounds like Sparkasse and building society constructions. But actually even they should provide you with this basic information.

if the loan-to-value is higher, better conditions can be offered

It's not like you don't have any equity left, right?

But I think it's because of my Schufa. In my younger years everything was on credit and many credit cards, plus a low salary.

Most banks in the real estate sector offer conditions that are independent of the Schufa; it’s only used to decide whether to lend you money or not. The conditions are generally based solely on the loan-to-value ratio.

How long should I fix the interest rates in my case? Maximum 10 years and then renegotiate? What do you think?

For God's sake, no. You should deal with this topic more thoroughly.

Definitely get comparison offers from other banks, or also contact one or two financial brokers. Actually, with the property data and the available equity, a 30-year term should come out at around 2.x%.

In plain language, that means you could be done significantly earlier. At 2.9% you would be finished in 27 years with the same rate!!!