Process schedule at Commerzbank for construction financing

  • Erstellt am 2022-01-21 16:43:34

schubert79

2022-01-22 17:31:36
  • #1
Construction financing at the Commerzbank totally hassle-free!
 

Zipfel_21

2022-01-22 17:40:18
  • #2

Great, thanks, that gives hope!
 

Zipfel_21

2022-01-23 09:06:27
  • #3


How is it when you are still on parental leave?
If construction starts, I would go back to work full-time and the parental year would be over. The bank will surely need proof of this or from the employer? Is it an advantage with the bank if you are a civil servant?
 

jajoeng

2022-03-28 10:29:59
  • #4


Hello,
I recently also decided on a loan from Commerzbank because, according to the financing advisor from Check24, Commerzbank was the best option at that time. However, Commerzbank proves to be a bureaucracy machine in processing, where you also cannot rely on the statements of the disbursement staff. In short, the Commerzbank employee advised us not to proceed to the notary for the land charge registration until one matter was clarified. Now the purchase price notification has come from the notary, and this same employee says: "What, you should have made the land charge registration immediately." Her previous statement was a misunderstanding; we talked past each other.
 

launy10

2022-03-28 15:49:39
  • #5
The thing about "taking more credit" would interest me too.. Let's assume the turnkey offer is €380k, the bank is presented with the offer. Can you then finance construction costs of, for example, €400k to have a buffer? Or does the buffer only work by "contributing less equity" - but what do 100% financiers do then?
 

Yaso2.0

2022-03-28 21:06:06
  • #6


I don't know how it works with Commerzbank, but at ING we had to provide a corresponding offer for everything that exceeds the turnkey offer of the general contractor, and this was also calculated down to the cent.

So for the buffer we would have had to withhold some equity.

Good that we had enough buffer available, because much of what was previously obtained as an offer for financing was no longer valid a few months later or was significantly more extensive than originally planned.
 

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