Refinance existing loans with a construction loan

You took that the wrong way. There is/was a financial advisor here in the forum who made such "suggestions." So it was not referring to your advisors. Still: It is often read that not even the kitchen is financed, so it is no wonder that your financial advisors give you hope that all loans can be paid off. With consumer loans there is this refinancing, but no asset is backing it—the bank bears the risk through the higher interest rates. With real estate loans, as you mostly see here, that is unusual!

The calculation with the loans and kitchen has been like that for a long time. The problem with the kitchen only affects Allianz, after inquiry. But now, after the preliminary request, red flags came from ING and Allianz because the loans are not taken over. Our first financial advisor was a black sheep. What he wanted to sell us is unbeatable. So I am sensitized and now think I have some understanding. Some.

Having some knowledge is not wrong, but there are actually people here who do this professionally. If you ask them the right questions, you will also get the right answers.

What does that have to do with my actual question? I think absolutely nothing. Arrogance greets you

You probably misunderstood that. Neither you nor your financial advisor were meant by that. Sorry for the off-topic. The problem with you is probably that you want about €26,800 more from the bank for the 2 loans. In a construction financing, there is no equivalent value because neither cars nor consumer goods should or may be secured by construction financing. For a few thousand euros, probably no one would object, but here the total amount that is to be additionally financed is simply too high. We have a loan-to-value ratio of under 60%, and even for us the bank at least wanted a statement of what we are spending the money on at the house.

The refinancing of loans should actually not be a problem since the bank earns money from it. Whether it makes sense is another matter.

A bit of knowledge is not wrong, but there are actually people here who do this professionally. If you ask them the right questions, you will also get the right answers.

I know. But making claims is not the right way, is it? I am not claiming that I know more.

Required loan including the credits is 466k. City villa 188 sqm on 1400 sqm plot Plot value 155k 8k own work 10k equity Starpool says green light everywhere

What the banks say you have already seen, it doesn’t look like “no problem” to me.

Just your construction cost breakdown makes anyone with even minimal knowledge of house building take notice.

But there you have it. 466k€ loan, with 26.8k€ for "other" and then a kitchen... and equity + EL only 18k€... any questions? Or is the plot already yours, fully paid and thus also equity? Then the situation looks completely different of course. I also financed a car, interest rates are lower than for construction financing. The installment went into the household budget and that's that.