It doesn't work without equity - experience!

Who said that my wife couldn’t cover the installment if she started working again? At the moment, the parental allowance could completely disappear and we could still live. If my wife worked even part-time, we would be covered by the BUZ in case of occupational disability. There are relatively few cases where the financing would no longer be sustainable.

When I look at other financings where both partners earn almost the same amount, I see it as an advantage if one really stands at €0 per month.

Financing through one salary may be an advantage for you personally. If the wife can get a job at any time to make up the difference to the disability pension or unemployment benefit, all the better.

For the financing bank, the risk is the same, because who tells the bank that you have a disability insurance and you pay it regularly, and who tells the bank that your wife can get a job at any time.

For you personally, that may evoke a good feeling. Conversely, it does the same for me if, with our 2 (similarly high) salaries, one can be replaced without any restrictions by disability insurance/unemployment benefit/parental allowance or can be lost entirely in the long term (but with restrictions). I think this is more because you (just like us) have enough leeway in the financing. Like us, you have played through different possible scenarios and most of them can be covered or bridged in some way. But that doesn’t change the bank conditions, because only the income of both partners at the beginning of the financing counts there.

My wife is on parental leave and therefore has a permanent position, the disability insurance is taken out through the bank, the life insurance policies are also adjusted through her. The situation is thus similar, just that the income is different.

we also had no equity (man just about 4 years in the job and only one salary, what can you really save). We only had the very low incidental purchase costs available, which were just under 7k euros. But that's also why we didn't build for 400k, but bought for 140k (plus 60k renovation). The installment is lower than the old rent, the additional costs are just as high as in the apartment. We are now saving the equity backwards through special repayments. A risk remains, but you always have that. In any case, the house is probably worth significantly more than the current remaining debt. At least house prices in our area for comparable land/age/condition/size currently start at 300k, so at double. If we have to sell, we are guaranteed to still get a hundred (100k) out of it. Especially once the house is fully renovated and thus completely gutted and rebuilt.

Wow... What kind of funding amounts do you all have??! We took out 230K and I can barely sleep with almost 5K euros net salary and two children... Maybe I should slowly start to relax...

Expensive plot, no external financiers, hillside and generally expensive area. That quickly leads to a high amount...

Wow... What kind of financing amounts do you all have??! We took out 230k and I can hardly sleep with almost 5k euros net salary and two kids... Maybe I should slowly start to relax...

You can really relax there I am trying to relax with a 500k loan. Not quite working yet..

Regards, Steffen