Review of construction financing / loan

Hello,

thank you very much for your answers, I will try to respond as best as I can.

Regarding the desire to have children: This is very much intentional. I already have one child and my girlfriend definitely does not want any, and neither do I anymore. We decided this together at the beginning of the relationship and are both very happy with it. Furthermore, I have already had a vasectomy, which is also the personally best contraceptive method for us. So everything is great in that area.


The €2300 already included the €513 in child support. The KFW installment is €37 in the first year, as only interest is charged, after the first year it is €150 including repayment. So we have a total installment of €1654 (Bank + KfW). We are starting with 2% repayment until my girlfriend finishes her studies and then earns full-time. Then we will immediately increase the repayment to 4%. We plan to pay around €7,500 - €10,000 per year in special repayments, we have already calculated this and it fits!



That is of course much better. At the time, I understood that we currently have "too little net income" for a better offer, that’s what the financial advisor said. And that obviously cannot be changed in the current status quo, but we both know that in half a year it will be significantly more.

So basically, would you say that we should definitely look for a different loan?

Yeah or wait until the better situation occurs

That also seems to change almost daily.... Six weeks ago, our interest rate at the Sparkasse was still 2.1% (compared to 1.4% yesterday). But I do think that you can get significantly better interest rates... At the Allianz, we would currently (i.e. two weeks ago) get 2.62% over 25 years under similar conditions (except that the repayment rate is 2.88%).

You will probably think we are crazy, but we have already bought the house because we had two similar offers from the bank on the table and the house was a very good deal (for Hamburg). That means the notary appointment has already taken place, but we still have 2-3 months to pay, so we are quite relaxed about it. I will ask around again now; with the Sparkasse it only took 2 weeks, and we already had everything including contracts then.

because men with children always think they are done because everything was bad in their previous relationship and the new partner will of course go her own way.

Last weekend at a barbecue there was such a couple again. She thought our boys were great, has been waiting 7 years, is 36, hears the clock ticking, he always apologized, yes stress because of ex and his biological son blah blah.

The men always make it that simple

This situation can always apply to both sides, but there have been several OPs here for whom it was biologically impossible and yet people keep going on about adopting or other options. Someone who has a strong desire to have children will not say they don’t want any and will have already looked into all alternatives.

I would definitely get more offers, your interest rate also seems "increased" to me. My brother also has 100% financing and a week ago got offers from Interhyp at 1.4-1.48.

If of course you increase the rate as soon as more money flows in, that’s good. Keep in mind, special repayments are often planned but not made because there is always something missing in the house, etc.

I’m repeating myself, but I find the amount horribly high ops:..

Well, I’m also a “wimp” with such sums..

I’m repeating myself, but I find the amount so terribly high ops:..

But why? With a net income of €5500, a payment of €1650 is quite manageable, isn’t it? With additional costs (electricity etc.) €2000 are gone and €3500 remain for living... I find that okay. Especially since the salary increases in the long run, while the payment (in the best case) stays the same.