Loan with annuity loan and 2 linked building savings contracts

1. The reaction will be a shake of the head. Guaranteed, appropriate allocation will not be available.

2. You could also choose a longer fixed interest period (= high security) and would be able to start repaying from the first installment.

That is what toxicmolotov wanted to say.

With a long-term annuity loan, you also have interest rate security, but you can repay immediately and do not have the risk that the allocation maturity is only reached late (by the way, this has already happened in my family). In addition, you save on fees. You can almost always adjust the repayment rates, usually also have special repayment rights, and you can switch every 10 years without loss if the interest rates have slightly decreased (in the case of a home savings contract, the fees and interest losses, because you have not yet repaid, simply disappear). The apparent security can therefore cost a lot of money, or at least you bring other financial risks on board.

How would your conditions be for a "normal" annuity loan, for example with a 20-year term?

Do you have KfW funds planned?

Personally, I see it this way, that a person who works on commission does not always create the best offer for the customer, but one that also benefits their own pocket. For the home savings contracts, normally another 1% of the home savings amount is charged as a fee.

In addition, I would personally have a problem servicing 2 loans and 2 home savings contracts. Somehow confusing.

I would also like to get more precise information about the allocation maturity of the home savings contracts. A friend of mine was also calculated like that, that it "exactly" fits. In the end, there was still money missing for the allocation maturity because 50% of the home savings amount had to be saved!

I also have a question about the other costs for the kitchen etc., does the bank finance this as well or did you not break it down there and only requested it for the "total price"?

The rate of just under 1480 euros amounts to almost 34% of your income.
In addition, there are the monthly ancillary costs for the house, insurance, property tax, garbage, gas-electricity-water, certainly about 250 euros monthly!

I might possibly pay a small surcharge, secure the loan for 20+ years and definitely have repayment changes entered! Once a child is there, the income will initially be lower and the expenses will increase over time (daycare etc.)!

With a net income of 4,400 EUR, the 34% is quite relaxed, even if there is a child. Although the information above is missing on how the income is distributed between the man and the woman.

I find it more difficult to get annuity loans with 20 years or even longer terms. At least the savings banks and cooperative banks we spoke to generally do not seem to offer such loans. Some savings banks do not even offer 15 years or only under certain conditions.

With many providers online, however, 20 and 30 years are often available.

With a net income of 4,400 EUR, the 34% are quite manageable, even if children come.

That depends on who earns the larger share of the 4,400 euros and what the standard of living is like

There is no information about that either!

Although: I just noticed, he only wanted the offer to be reviewed and not his financial situation ops: ops:

Some savings banks don't even offer 15 years or only under certain conditions.

We financed through the savings bank and they offered us 15 years right away

But the trend is currently moving towards even much longer fixed interest periods. The offers we received with 20 years fixed interest were exclusively insurance companies. (Until then, I didn't even know that insurance companies offer financing..)