Is follow-up financing possible under these conditions?

Thank you for your factual contribution. I have already read quite a few other things here, which often are not nice, even though of course the overall situation was neither nice nor desired. I can contribute little regarding your questions. However, I myself was once "in divorce" and was not able to get financing of 100,000€ because of that status. It was not due to my salary. To the bank, I was a deceptive package/surprise bag, as they did not want/could not determine what I ultimately would be left with.

The bank will at most consider the salary. Under 2,000 euros and 340 or 440 k is simply too little. Child benefit is offset against the child allowance. Child support is temporary and is often not taken into account.

I see T€ 340 as feasible over 10 years. T€ 440, however, is not; it simply no longer fits into the creditworthiness.

Salary and child benefit/maintenance are taken into account, provided the children only turn 18 towards the end of the new fixed interest period. If they are already 14 or so, even T€ 340 is no longer affordable.

Ms. X’s age is an aspect to consider, but with still small children it should not be too advanced, so that even a small repayment (2%) would be justifiable.

Regardless of the financing for the house, a serious and thorough consideration of selling the property should take place. Going into debt with children no matter what, just to keep one’s own (too big?) house, is nonsense. Better to live well in something smaller.

Hm well, with €1,000 you can barely finance €440k with 2% repayment. But you hardly pay off anything that way.

Hm, often with €1,000 you don’t even get an apartment.

P.S. I know the situation very well due to my divorce. We quickly decided to sell the house. Today my ex lives more relaxed renting, and the kids still have their own rooms and a garden.

Thank you for the constructive contributions. To clarify this further: If the refinancing is due in May 2024. Ms. X will then be 39, children 13 and 8. is already saying it right. Going all out doesn't help either. Besides the financing, there are still all the additional costs. Property tax, water, gas, electricity, vehicle, etc. Well, then Ms. X just has to run around to the banks, they will surely assess it realistically and possibly bring her down to earth. Thanks so far.

May 24 is still a while away. Maybe there will be a new man in Mrs. X's life by then. Then the situation might look completely different.

Thank you for the constructive contributions. To clarify: If the refinancing were due in May 2024. Mrs. X would then be 39, children then 13 and 8. already says it correctly. Going all out won’t help either. Besides the financing, there are all the additional costs. Property tax, water, gas, electricity, car, etc. Well, then Mrs. X just has to run to the banks, they will surely assess it realistically and bring her back down to earth. Thanks so far.

You can omit the “surely”. In life, under these conditions no bank will finance this. If so, I’ll be amazed. The cleanest solution in your situation is crystal clear. Sell the property at the best possible price (ideally through a bidding process) and get out of the situation reasonably cleanly, meaning everyone still takes a little something with them, which can also be used as a down payment for a condominium. On the other hand, I can of course imagine that it is not easy to have to tear yourself and the children away from the familiar surroundings, but in this case you simply have to look at it detached from any emotions, purely economically. One should be aware that such a case can occur before signing the loan agreement for such a large project. Nowadays, with the insane sums, in the vast majority of cases, if the marriage falls apart, there is only one way out --> sale. All the best!

On the other hand, of course I can also imagine that it is not so easy to have to tear yourself and the children away from the familiar environment, but in this case you simply have to look at it detached from any emotions, purely economically. One should be aware that such a case can occur before signing the loan agreement for such a large project. Nowadays, with the insane sums involved, in the vast majority of cases, when the marriage does break up, there is only one way out --> sale.

I agree 100% @TE: But a house is "only" a utility item. Emotions aside - life goes on very well without exactly this property. For both parties.