Der Erwin
2011-03-02 17:49:36
- #1
Hello everyone,
in search of suitable financing, I initially went through the usual online providers and now have ended up at my house bank.
With my inputs in the online forms (inerhyp, comdirect, netbank, etc.) I currently get around 3.75% nominal. When you then send all the paperwork, you finally get offers around 4.00% (annuity loan, 10Y / 1% / approx. 65% loan-to-value), which I found frankly quite sobering. The respective "advisors" consistently told me that there was no further room for negotiation downward.
The house bank has now offered me 4.05% as a first bid, which doesn’t really blow me away either. The question now is how much room for negotiation still exists here. The banker definitely signaled to me that there is still something possible. Is there any truth to the rule of thumb 10Y federal bond + 50 basis points? That would be 3.18 + 0.5 = 3.68 today :D
The fact is that the broker definitely collects a commission and wants to have a strong interest – after all, he wants to sell me something...
Thanks for your tips!
Erwin
in search of suitable financing, I initially went through the usual online providers and now have ended up at my house bank.
With my inputs in the online forms (inerhyp, comdirect, netbank, etc.) I currently get around 3.75% nominal. When you then send all the paperwork, you finally get offers around 4.00% (annuity loan, 10Y / 1% / approx. 65% loan-to-value), which I found frankly quite sobering. The respective "advisors" consistently told me that there was no further room for negotiation downward.
The house bank has now offered me 4.05% as a first bid, which doesn’t really blow me away either. The question now is how much room for negotiation still exists here. The banker definitely signaled to me that there is still something possible. Is there any truth to the rule of thumb 10Y federal bond + 50 basis points? That would be 3.18 + 0.5 = 3.68 today :D
The fact is that the broker definitely collects a commission and wants to have a strong interest – after all, he wants to sell me something...
Thanks for your tips!
Erwin