Altai
2020-05-29 08:55:39
- #1
There are also several banks (ING for example) that offer loans specifically for homeowners, especially for modernization and renovation. The conditions are certainly not quite as favorable as for the construction financing itself, but still better than a regular installment loan for general use, which would then be taken out for this purpose. Advantages: You are flexible, can borrow money when you really need it, and with the manageable amount, the slightly higher interest rates hardly matter. That probably amounts to about €10 per month, so that really can't be the issue. Often, however, you have to have lived in the new house for a year – but that would suit you as well.We just think that if we had to borrow money again in 1, 2 or 3 years, for the new small loan, we would get much worse conditions than if we simply increased the construction loan.