JoS
2011-05-03 09:44:55
- #1
For me, a KfW loan doesn't make any sense, at least not this home ownership loan. The interest rates are not lower than those of a regular loan and no special repayments are possible. Only if the 15-year fixed interest rate is important to someone does it make sense in my opinion.
It's a pity, because it should actually be a subsidy, right?
Regards
insgruene
Whether KfW makes sense or not cannot be said in general.
It depends ABOVE ALL on the individual project and the individual interested parties.
There is no best financing that makes sense for everyone per se.
Here, it is certainly necessary to distinguish between the different KfW programs.
KfW 124 Home Ownership Program is, for example, very suitable for covering loan peaks above 80% up to 100%. And for this area, the interest rates are also very good.
However, there are no special repayment options here.
KFW 153 is set up quite differently.
Here, the stated interest rates apply and in addition, there are repayment grants depending on the achieved energy saving ordinance standard (better than Energy Saving Ordinance 70). Additionally, up to 100% special repayment can be made here. In case a sack of money falls from the sky.
Again, a note: EVERY project is different, every interested party is different in terms of their person and the whole score stories.
Therefore, the internet for financing advice or self-information is at best suitable as a first rough orientation. It is worth going to a good (fair) financer who works out the financing individually with the interested party. On the side, the nominal interest rate is only one truth, there are a lot of others.
Regards
JoS