Land value too low - therefore no approval for construction financing

  • Erstellt am 2015-11-12 17:19:04

arubau36

2015-11-19 20:13:27
  • #1
Yes, he is also just an intermediary. But maybe he can give us valuable tips. Last time we were at Efinova because of an existing property (1 year ago). They are also advisory centers, and what we didn’t know is that a Schufa entry, not a negative Schufa entry, also provides positive feedback. So you get insights into business contracts. How much, what, etc. from the bank’s side or if you’re interested in a rental apartment, as a data cross-check.
 

toxicmolotof

2015-11-20 00:57:58
  • #2
This is getting too confusing for me.

A non-negative Schufa entry plays little to no role in a home financing.

The loan-to-value ratio and the apparently associated issue are much more important. There could be 100 entries for all that.
 

arubau36

2015-11-20 08:04:08
  • #3
Why does that not matter? Banks have to check anyway. All credit institutions do this, also to determine your creditworthiness, whether negative or positive.
 

Sebastian79

2015-11-20 08:23:06
  • #4
The bank doesn't have to do anything...
 

toxicmolotof

2015-11-20 08:43:13
  • #5
Because in private construction financing the risk assessment is mainly covered by the security and the sustainability of the burden is checked.

There will certainly be a look inside. But everything that does not speak against the sustainability or for an insolvency is basically so irrelevant.
 

HilfeHilfe

2015-11-20 13:55:38
  • #6
but it is only one building block of many.

With you, the low value is simply a problem
 
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