Realistic or daydream? (Buying property without equity)

  • Erstellt am 2017-04-19 19:50:20

Superdad

2017-04-20 09:40:19
  • #1


That is our current income. However, through the purchase, my wife would move up to a full position in the next half-year, and with that, we would have €6,000.
 

Superdad

2017-04-20 09:47:18
  • #2



Wow really very aptly expressed! Thank you!
 

Superdad

2017-04-20 09:49:10
  • #3
Since I am, of course, going through all possible options, I also looked at the various funding programs: "money from the mayor" is not offered by our municipality, the church also has no program in our municipality, and we are also excluded from the state of Hesse because of too high annual income.

Should one consider something like that? Is there anything speaking against it?
 

Superdad

2017-04-20 09:51:30
  • #4
And what I just thought of, whether one should put more emphasis on the civil servant status. I have read that there are different conditions for that and some banks also offer other things related to it?!
 

Knallkörper

2017-04-20 09:55:57
  • #5


On the other hand, after 10 years there is an even larger amount outstanding if you have long-term interest security and thus a correspondingly higher interest rate. A difference of 10,000 euros in residual debt can quickly add up. The OP can probably handle the risk well and also service the loan at higher interest rates.

By the way, I would not be so sure that all the financings with 20 or even 30 years will really last until the end of the term. Who knows which president will decree by then that these financings are immoral, in order to save the banks from the citizens. 30 years ago the Wall still stood in Germany, that is a long time.
 

Superdad

2017-04-20 10:19:20
  • #6


I will also have a fixed interest rate offered for 15 years. I will definitely keep you updated.

Clearly, no one knows what will happen in 20 or 30 years, but if you think like that, you shouldn’t do this kind of thing anyway.
 
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