Is financing feasible? Finished house for the money?

On Monday we have another consultation at Town & Country.

For me, it’s always astonishing how people can just say in general terms without personally knowing the consumer that it’s not possible, too expensive, too risky, etc. One calculates apples, and the other talks about pears. It may all be true, maybe indeed €20,000 is underestimated, but I can’t judge that based on the information available here. Topic financing. Why not 20 or 25 years fixed, combined with preferably subsidized (since Baden-Württemberg) KfW 153 fixed for 20 years and KfW 124 fixed for 10 years with protection against a building savings contract, e.g., with the F60 from Signal?? What speaks against a term of 35 years if I am not yet retired? Why can one make a general statement about the affordability of the debt service based on the information available here without knowing the consumer individually, especially without querying further possibilities and improvements? What is so bad about the offer (except that the interest rate probably won’t fit anymore, but that’s just calming down again) from Interhyp (which will probably be Ing.Diba and can even be better)?

It may really be a hot undertaking to swing such a volume without equity capital, and it certainly doesn’t happen quickly and easily, but it’s something to consider, and I can personally only advise against it, for example, if I have seen the construction documents and the overall calculation, have gotten to know the consumer or their financial circumstances individually and discussed all further possibilities and have to consider them infeasible. It may also be that one will come to this realization, but first of all not generally and certainly not with this much too little information and certainly not because one has only paid off their property by retirement age.