Refinance existing loans with a construction loan

2020-07-28 14:19:33

Now ask yourself why Starpool always sees green light and the banks reject it again. And with 10 K equity, I am surprised that you said in the other thread that you have good collateralization. With that, you don’t even cover the incidental purchase costs.

2020-07-28 14:21:48

Why? What is so abnormal about that?
Property is not equity?
It was bought in 2012!
The kitchen is already included in the 466.

2020-07-28 14:22:57

But there you have it already. €466k loan, with €26.8k for "other" and then a kitchen... and equity + EL only €18k... any more questions? Or is the plot already yours, fully paid for and thus also equity? Then the matter obviously looks completely different.

I also financed a car, interest rates are lower than for construction financing. The installment went into the household budget and that was fine.

Which bank?

2020-07-28 14:23:01

Your breakdown of the costs read as if the property was also supposed to be financed.

2020-07-28 14:24:33

You can't even write five numbers clearly in a column that are somewhat understandable to everyone, so it's no wonder that the banks reject it...

2020-07-28 14:29:04

you can't even write five numbers clearly one below the other in a way that's at least somewhat understandable to everyone, no wonder the banks reject it...

Sorry, I forgot to mention that the property has already been purchased.

But can't you just ask politely what is meant instead of coming across as dismissive and derogatory again?

Do we know each other? Are you someone special and therefore don't have to show respect to others? If you have nothing professional to say, keep scrolling.

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Refinance existing loans with a construction loan

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