Is the financing offer okay like this?

Hi,

I received two offers from my bank today.

We are planning to build a house that costs €650,000.
We have declared equity of €132,000 and still have about €60,000 in reserves.

Unfortunately, we don't know much about this, which is also okay nowadays.

Here are the offers in the attachment:

But you have already looked at the terms and the fixed interest period. Does all of that suit you so far? Are you not getting any stomach aches? So 520k€ loan with less than 2% repayment, seriously? If you just turned 20 then you should be finished by retirement, or maybe not depending on how high the interest rates are in 15 or 10 years.

The interest rate is your smallest challenge but ok for the loan-to-value ratio. Have you been to a broker yet? Maybe there is still something possible!

How come you ended up with the DB?

But you have already looked at the terms and the fixed interest period. Does that all suit you so far? Don't you get any stomach aches? Seriously, €520k loan with less than 2% repayment? If you just turned 20, then you should be finished by retirement, or maybe not, depending on how high the interest rates are in 15 or 10 years.

The interest rate is your smallest challenge but acceptable for the loan-to-value ratio? Have you already been to a broker?

How did you end up at the DB?

Thanks for your answer!

As I said, we don't know anything about this at all and are just at the beginning. Do you have any idea what would be better? Can you say that in general?

The question marks are not just decoration :) You have to have dealt with it in some form beforehand and informed your banking partner. An offer doesn’t just come flying to you, right? You have to determine the parameters yourself. After all, you will be repaying it for the next 40 years (..not the bank).

Have you already been to an intermediary? Maybe something can still be done!

How come you ended up at DB?

Yes, he sent me that. He said Deutsche Bank currently has the best offer.
As I said, we are new to this.
That's why I also registered here to make myself smarter ;-) I think it's great that there is something like this forum to exchange ideas!

Yes, he sent that to me. He said Deutsche Bank currently has the best offer. As I said, we are just getting started. That's why I also signed up here to educate myself ;-) I think it's great that there's something like this forum to exchange ideas!

I have to correct myself. The interest rates are 0.3% worse than at HVB (assuming that it will really be an 80% loan-to-value for you). But it's not just about the interest rates. What do you think about the fixed interest period? Either you go directly (online/offline) to them or through a financing broker. At the same time, if my suspicion is confirmed, you can give DB the middle finger for the *vertriebs_bla_bla*. Another question: The rate + additional costs would be 2350€ with the mDB offer! Do you think you can manage that over the next 30-40 years, depending on special repayments?