Land available but only a condominium?

  • Erstellt am 2023-01-08 19:51:22

Tassimat

2023-01-10 00:54:41
  • #1
Why the hell should one show the bank only one salary?? According to your rule of thumb, the mentioned 5200€ is enough for a 600,000€ loan.
 

BackSteinGotik

2023-01-10 07:45:06
  • #2


This crooked rule applied for low interest rates. Now it’s different. The bank will initially apply hefty high living cost allowances (inflation, energy) and then against that, a still sensible installment amount. €600,000 and €100,000 equity – gives you a pure installment at 2% repayment over 10 years of €2800. You will hardly/not get that through the bank with an income of €5200..
 

Tassimat

2023-01-10 08:34:35
  • #3
With high interest rates, 1% repayment is possible again. Then you’ll be done in about 40 years. With an inheritance in the background, I find an absolute minimum repayment acceptable.

The question to remains: How much is the bank willing to give you at most?
 

WilderSueden

2023-01-10 09:12:58
  • #4
Because currently there is only one salary? As a rule, banks do not accept promises of the type "I will soon rejoin with X".
 

Tassimat

2023-01-10 09:18:23
  • #5
There will be an existing employment contract with a clearly defined end of the parental leave. And if that is not enough for the bank, then they will wait for the day when work is resumed again.
 

kati1337

2023-01-10 09:23:40
  • #6
That is possible if you have it in writing. We had that with the first house as well. I had my employer prepare a document stating that I could resume with X hours from date X. The bank accepted that.
 

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