Meecrob
2011-10-25 14:10:32
- #1
I have a theory that I would like to get off my chest.
Starting point:
House (purchase) + additional costs + modernization = 270k EUR
Equity 60k EUR
Remaining 210k EUR to finance.
Now the KFW does not mind being in second place in the land register.
So if I conclude the KFW loan beforehand, only 210k EUR - 75k EUR = 135k EUR remains for the "main" bank.
135k EUR with 60k EUR equity coverage is almost 45%.
With 210k EUR and 60k EUR it would only be just under 30%.
A higher coverage usually results in a better interest rate.
Question: Does it make sense to conclude the KfW loan independently of the mainly financing bank?
Does the bank already take that into account and calculate with 135k EUR anyway?
Is the bank not interested in my theory at all and do they calculate with 210k EUR despite KfW?
Or does the bank possibly calculate 270k EUR against 60k EUR and only grant me a coverage of 22%?
Starting point:
House (purchase) + additional costs + modernization = 270k EUR
Equity 60k EUR
Remaining 210k EUR to finance.
Now the KFW does not mind being in second place in the land register.
So if I conclude the KFW loan beforehand, only 210k EUR - 75k EUR = 135k EUR remains for the "main" bank.
135k EUR with 60k EUR equity coverage is almost 45%.
With 210k EUR and 60k EUR it would only be just under 30%.
A higher coverage usually results in a better interest rate.
Question: Does it make sense to conclude the KfW loan independently of the mainly financing bank?
Does the bank already take that into account and calculate with 135k EUR anyway?
Is the bank not interested in my theory at all and do they calculate with 210k EUR despite KfW?
Or does the bank possibly calculate 270k EUR against 60k EUR and only grant me a coverage of 22%?