Is property financing feasible?

2015-01-12 20:40:56

No, it usually isn’t. And that is also the reason why exactly that usually doesn’t work.

There are only 2 (3) cases where this applies.
1) Liability exemption of KFW for the intermediary institute. But that doesn’t exist with 124/151/153 etc.
2) The bank somehow includes the risk costs of the KFW loan already in the first-ranking condition, so that a corresponding surcharge is already applied there.
3) The bank can’t do the math.

Then I have to inquire this week. I remembered it differently.

2015-01-12 23:25:02

Then I have to check again this week. I remembered it differently.

The KFW gives the bank a 0.625% interest margin in the usual programs.

There are actually banks that represent the collateral as subordinated, but they can barely factor the default risk into the margin, unless they don’t want to make any profit from it, which I can hardly imagine.

2015-01-16 22:49:07

Brief update

We have now switched from 25 years to 20 years and in my opinion have received more than a good offer:

Old: 25 years: 2.48%
New: 20 years: 1.88%

We still have an outstanding debt of around €30,000, but even with 10% follow-up financing, it is still an amazing saving.

2015-01-16 23:14:07

Did I tell you
Congratulations on the good interest rate. Are special repayments possible and how long do you not pay any commitment fees?

2015-01-16 23:15:42

Yes, thank you! 0.6% is of course still quite something. 15 months of free provision, then 0.25%. Special repayment once a year up to max. 5%.

2015-01-17 11:54:45

Who offers that?

Is property financing feasible?

Jochen104

toxicmolotof

Stefan G.

Jochen104

Stefan G.

Bauabenteurer